SkyNRG

SkyNRG is a Netherlands-based company specializing in the production and supply of sustainable aviation fuel (SAF). The company produces its SAF from a variety of feedstocks, including forestry and agricultural waste, used cooking oil, carbon captured from the air, and green hydrogen. According to SkyNRG's own life cycle analysis, the use of its SAF in jet aircraft can result in a minimum 75% reduction in emissions over the life of the aircraft compared with fossil jet fuel.

SkyNRG delivered the world's first commercial flight with SAF in 2011 in partnership with KLM Royal Dutch Airlines. Since then, SkyNRG has expanded and is active in R&D, advisory services, and selling SAF. The company established the SAF Supply Chain Initiative, a multi-stakeholder platform that aims to promote transparency and sustainability in the SAF supply chain. Additionally, the company has developed a SAF Tracker, which allows customers to track the origin and sustainability credentials of their fuel

As of March 2024, SkyNRG is focused on developing dedicated SAF production facilities in the US and Europe. The company's "SkyNRG Delfzijl" plant, under construction in the Netherlands, is Europe's first dedicated SAF plant and will produce 100,000 tons of SAF annually. "SkyNRG Pacific Northwest” is the company's first US SAF plant and will produce 90,000 tons of the fuel annually. Lastly, SkyNRG's "Synkero" plant in Amsterdam produces SAF from CO2 and hydrogen and has an annual capacity of 100,000 tons.

Key customers and partnerships

As of March 2024, SkyNRG had supplied SAF to more than 40 airlines, including KLM Royal Dutch Airlines, SAS, Lufthansa, Alaska Airlines, and LOT Polish Airlines. The company also partners with airports such as Schiphol Airport and Oslo Airport to develop SAF infrastructure and supply. The company also partnered with companies such as Boeing, DSM, Royal Schiphol Group, World Energy, and Shell Aviation to develop and expand SAF production and distribution.

The company also established partnerships with South Pole, Vertis, and CHOOOSE to support its Board Now and Fly on SAF programs. It established extensive partnerships for its corporate SAF program, which enables new production capacity, including with Bank of America, Microsoft, Skyscanner, Boston Consulting Group, PwC, APG, Novo Nordisk, and Etraveli Group.

Funding and financials

SkyNRG’s latest funding was in November 2023, when Macquarie Asset Management invested EUR 175 million (~USD 187 million) to support the company in establishing dedicated SAF facilities in Europe and the US by 2030. In 2021, the company secured a EUR 150 million (~USD 160 million) investment from investors such as Atsena and Korys to expand its SAF production capacity and global market presence.