SkyNRG closes on investment deal with aims to become a SAF producer
SkyNRG, involved with buying, blending and supplying sustainable aviation fuels (SAF), is set to accelerate its growth with a substantial €175 million investment from Macquarie Asset Management's GIG Energy Transition Solutions (MGETS) fund.
This investment marks an important step for SkyNRG as it works towards becoming a SAF producer itself. With Macquarie's support, SkyNRG aims to operate multiple SAF plants in Europe and the US by 2030, and reinforce its position in the sustainable aviation industry.
SkyNRG has been involved in SAF distribution for over 14 years, partnering with industry players such as KLM Royal Dutch Airlines and Boeing. The investment aligns with the increasing demand for sustainable aviation solutions, driven by the objective to achieve 'net-zero' emissions in the aviation sector.
Philippe Lacamp, CEO of SkyNRG, underscores the importance of expanding SAF production capacity to assist the aviation industry in meeting net-zero goals. The collaboration with Macquarie is anticipated to provide the resources necessary for SkyNRG's aspired growth trajectory.
SkyNRG's SAF, derived from renewable feedstocks, offers a reduction of up to 75% in emissions compared to traditional fossil aviation fuel. The company's online platform, Fly On SAF, enables customers to offset the emissions associated with their journeys by purchasing SAF.