Macquarie Asset Management has made an initial investment of up to €175 million ($187 million) in SkyNRG to support the growth of sustainable aviation fuels (SAF), along with SkyNRG’s next phase of growth.
This investment aims to help SkyNRG achieve its goal to become a major SAF producer through the development and operation of SAF production facilities. By 2030 SkyNRG aims to build its dedicated SAF facilities in Europe and the United States, in cooperation with strategic offtake partners. To date, SkyNRG has secured partnerships with KLM Royal Dutch Airlines and Boeing, as well as others, with envisaged long-term commitments of up to €4 billion ($4.3 billion) in SAF purchases.
SAF uses renewable feedstocks and can be mixed in with or replace fossil jet fuel. SkyNRG has been at the forefront of the development of SAF since it was founded more than 14 years ago. The company initially focused on creating a market for SAF and supplied the world’s first commercia