Macquarie invests €175 million into SkyNRG

Macquarie Asset Management will support the growth of sustainable aviation fuel (SAF) with an initial investment of up to €175 million in SkyNRG.
This new investment led by Macquarie Asset Management’s specialist Green Investments team (MAM Green Investments) will support SkyNRG’s next phase of growth.
By 2030 SkyNRG aims to build its dedicated SAF facilities in Europe and the US, in cooperation with strategic offtake partners.
To date, SkyNRG has secured partnerships with KLM Royal Dutch Airlines and Boeing with envisaged long term commitments of up to €4 billion in SAF purchases.
SkyNRG has been at the forefront of the development of SAF since it was founded over 14 years ago by Theye Veen and Maarten Van Dijk.
They initially focused on creating a market for SAF and supplied the world’s first commercial flight using SAF in 2011.
Philippe Lacamp, CEO of SkyNRG, said: “It is critical that SAF production capacity is developed now to enable the aviation industry to meet its net-zero goals.
“We are very proud that Macquarie has made this strategic investment in our business and are confident that they, with the ongoing support of our existing shareholders, will provide us with the resources and expertise we need to accelerate our growth journey towards becoming a major player in the SAF industry.”
Mark Dooley, Global Head of MAM Green Investments, said: “We have a track record for backing businesses working at the forefront of the energy transition. This is an exciting milestone for us, as our first SAF investment.
“SkyNRG has been a pioneer in SAF, with an entrepreneurial spirit and a strong commercial focus. We look forward to collaborating with the SkyNRG team as they grow their business and advance solutions to decarbonise the aviation industry.”