SkyNRG announces Financial Close and starts construction on its first Sustainable Aviation Fuel plant DSL-01 in Delfzijl the Netherlands

Greenfield facility dedicated to the production of Sustainable Aviation Fuel (SAF)
The plant will produce 100,000 tonnes of SAF per year and 35,000 tonnes of sustainable by-products
Lifecycle GHG reduction of approximately 80% compared to fossil jet fuel¹, increasing to over 90% through maximum electrification and minimal natural gas use
The financial close marks the transition from development to construction for this project

Amsterdam, 12 February 2026. SkyNRG has reached financial close for its SAF production facility DSL-01 at the Delfzijl chemical park in the north of the Netherlands. Once operational, it will produce 100,000 tonnes of SAF each year and 35,000 tonnes of sustainable by-products including biobased propane, butane, and naphtha. The plant will make use of the hydroprocessed esters and fatty acids (HEFA) pathway, enabled by Topsoe’s HydroFlex technology.

Over time, the lifecycle GHG reduction of SAF produced at DSL-01 is expected to rise from around 80% to more than 90%, driven by increasing availability of Dutch renewable energy and reduced reliance on natural gas. The project will strengthen the regional green industrial cluster, contributing to the sustainability ambitions of Groningen Seaports and the Province of Groningen.

With all permits approved, project and financing agreements completed this milestone concludes a seven-year development period. It reflects SkyNRG’s evolution from a company focused on sourcing and distributing SAF, to becoming an owner and operator of SAF production capacity. Construction has begun and startup is expected mid 2028. KLM – Royal Dutch Airlines is the primary off-taker for the SAF produced. The volumes support the airline in meeting its sustainability ambitions and its compliance with European regulatory requirements.

DSL-01 is the first commercial scale SAF plant to secure non-recourse project financing. This milestone demonstrates growing market confidence in scalable SAF production and provides a model for future sustainable fuel projects globally. With financial close, the project brings together existing and new shareholders, including KLM, Macquarie Group, APG, and minority shareholders. Evercore acted as sole equity financing advisor, while Clifford Chance served as legal advisor. Technip Energies will serve as the EPC contractor, leading a strong selection of global and national suppliers and subcontractors.

Alongside DSL-01, SkyNRG is developing Project Wigeon in the Pacific Northwest (USA) with global SAF partner Boeing. In Northern Sweden, SkyNRG is also developing Project SkyKraft with Skellefteå Kraft, an e-SAF facility that will produce sustainable aviation fuel from renewable electricity, green hydrogen and biogenic CO2.

The project’s financing is supported by a consortium group of international investors, commercial lenders and advisors while Clifford Chance served as legal advisor. The financial advisory role was undertaken by Crédit Agricole Corporate and Investment Bank as Lead financial advisor supported by ABN AMRO Bank N.V. as local financial & investment adviser. Debt was provided by a lenders consortium consisting of ABN AMRO Bank N.V., BNP Paribas, Coöperatieve Rabobank U.A., Crédit Agricole Corporate and Investment Bank, Deutsche Bank AG, ING Bank N.V., Mizuho Bank Ltd., Natixis, Sumitomo Mitsui Banking Corporation, Société Générale, Standard Chartered Bank, and UniCredit Bank Austria AG.
SkyNRG appointed ING Bank N.V. as Facility Agent.

SkyNRG would like to thank its Round A lenders; KLM, NOM, Groninger Groeifonds, SHV and Royal Schiphol Group, for their continued commitment and confidence in the DSL-01 project. Their long-term support has been instrumental in progressing the facility from development toward construction and in strengthening the foundations for SAF production in the Netherlands.

SkyNRG CEO & Co-Founder Maarten van Dijk said:

“Reaching this important milestone in the development of our DSL-01 facility marks an important step in our transition to becoming an owner and operator of SAF production capacity. I’m proud of our team and partners, who have worked tirelessly through complexity and overcome significant challenges to bring the project to this point. It is crucial that we increase the global production of SAF to enable future generations to have the ability to fly when needed and SAF plays a vital role in the decarbonization of aviation.“

Notes To Editors
About SkyNRG
Since 2009, SkyNRG has been a change maker in the aviation industry. We are dedicated to supplying and producing high-integrity Sustainable Aviation Fuel (SAF), making sustainable aviation a reality. Collaboration is fundamental to achieving our ambition. We nurture genuine relationships with global partners in our drive to make SAF the alternative to fossil jet fuel. Our in-house team of SAF experts have helped over 60 airlines and +100 corporates reduce their climate impact using the Book & Claim mechanism; the most transparent and traceable way to support aviation sustainability with real emission reductions.
Sustainability is woven into the fabric of our company proven by our B-corp certification. We maintain an independent Sustainability Board, which advises the company on feedstocks and provides strategic guidance on wide-ranging sustainability issues. SkyNRG operations are certified against the RSB EU RED, CORSIA, and Book & Claim standards. Learn more at www.skynrg.com.

About Maarten van Dijk
Maarten is Chief Executive Officer and co-founder of SkyNRG and has been with the company since its start in 2009. Maarten has played a key role in establishing SkyNRG as a global market leader, supporting SAF supply to more than 60 airlines and 100 corporate customers and advancing new production facilities in the Netherlands, the United States, and Sweden. He represents the company on various industry and government advisory platforms, and holds a degree in chemistry from Utrecht University with majors in organic chemistry, renewable energy technologies, and business economics.

About APG
As the largest pension provider in the Netherlands, APG looks after the pensions of 4.6 million participants. APG provides executive consultancy, asset management, pension administration, pension communication and employer services. We work for pension funds and employers in the sectors of education, government, construction, cleaning, housing associations, sheltered employment organizations, medical specialists, and architects. APG manages approximately €590 billion (June-25) in pension assets. With approximately 3,000 employees we work from Heerlen, Amsterdam, Brussels, New York, Hong Kong, Singapore, Shanghai and Beijing. Visit www.apg.nl/en for more information.

About KLM
For 106 years, KLM has been connecting people with each other and the world. Tens of millions of customers choose to fly KLM every year, for business, leisure, visiting friends or family, to study abroad, et cetera. The 160+ destinations in the KLM network connect the Netherlands with all of the world’s key economic regions and is a powerful economic engine. At the same time, we want to fly cleaner, quieter and more efficient. Every day we take big and small steps towards achieving this ambition so that we can continue to be a great airline for our customers for the centuries to come. 
KLM Royal Dutch Airlines is part of the Air France–KLM Group and member of the global SkyTeam Alliance. For more information about KLM, please visit  KLM.com, KLM Newsroom, Facebook, Instagram or  LinkedIn. 

About Macquarie Group
Macquarie Asset Management is a leading global asset manager, trusted by institutions, individuals and communities to responsibly manage €406 billion in assets. MAM provides clients with a diverse range of investment solutions that seek to deliver superior risk-adjusted returns.
Macquarie Asset Management is part of Macquarie Group, a diversified financial group providing clients with asset management, finance, banking, advisory, and risk and capital solutions across debt, equity and commodities. Founded in 1969, Macquarie Group employs over 19,000 people in 34 markets and is listed on the Australian Securities Exchange.
All figures as at 30 September 2025, excluding assets acquired by Nomura on 1 December 2025.