APG, on behalf of its pension fund client ABP, is investing up to €250 million ($284 million) in SkyNRG to enable the development and adoption of sustainable aviation fuel (SAF) worldwide.
The funding will support the continued growth of SkyNRG’s platform, which includes a portfolio of capacity development projects, R&D activities, advisory services and a range of commercial innovative customer programs.
As part of an investment round of up to €300 million ($340 million), this investment allows SkyNRG to move forward with its plans to develop and construct SAF production facilities in Delfzijl, the Netherlands, as well as in Sweden (Project SkyKraft) and the United States (Project Wigeon).
Headquartered in Amsterdam, SkyNRG was founded in 2009 by KLM Royal Dutch Airlines, among others. In 2020, SkyNRG welcomed APG as a partner and customer in one of SkyNRG’s programs designed for corporates. In parallel, SkyNRG supplied SAF to more than 50 airlines w
