S

SkyNRG

Sourcing, supplying, and producing SAF

Overview

SkyNRG sources, supplies, and develops Sustainable Aviation Fuel (SAF) for airlines and corporate clients. It blends direct SAF supply, advisory services, and its own production capacity, including projects like DSL-01 in Delfzijl, Project Wigeon in the U.S., and SkyKraft eSAF in Sweden. SAF is produced from waste oils and fats using HEFA technology, with a Book & Claim option that lets buyers claim environmental credits without receiving fuel. The company emphasizes non-food feedstocks, independent sustainability oversight, and aims to scale SAF production and adoption to decarbonize aviation globally.

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About SkyNRG

Simplify's Rating
Why SkyNRG is rated
C+
Rated B on Competitive Edge
Rated C on Growth Potential
Rated C on Differentiation

Industries

ConsultingIndustrial & ManufacturingEnergySocial Impact

Company Size

51-200

Company Stage

Growth Equity (Non-Venture Capital)

Total Funding

$467.5M

Headquarters

Amsterdam, Netherlands

Founded

2009

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What believers are saying

  • Financial close on DSL-01 in February 2026 unlocked construction and non-recourse project debt.
  • Project Wigeon entered FEED in September 2026 with Technip, Sasol, and Topsoe.
  • Washington’s November 2026 SAF tax credit improves economics for SkyNRG’s Walla Walla project.

What critics are saying

  • Maarten van Dijk exits December 31, 2026, removing the founder running every major project.
  • DSL-01 misses value if 2028 startup slips; SkyNRG’s first manufacturing cash flow disappears.
  • Project Wigeon still lacks final investment decision, so a 2031 plant remains speculative.

What makes SkyNRG unique

  • SkyNRG owns Europe’s first dedicated SAF greenfield plant, DSL-01, targeting 100,000 tonnes annually.
  • It combines book-and-claim sales, airline offtakes, and proprietary production across three continents.
  • KLM, Macquarie, and APG anchor its financing, customers, and market credibility.

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Funding

Total Funding

$467.5M

Above

Industry Average

Funded Over

2 Rounds

Growth Equity Non VC funding comparison data is currently unavailable. We're working to provide this information soon!
Growth Equity Non VC Funding Comparison Coming Soon

Benefits

  • Commuter Benefits

Growth & Insights and Company News

6 month growth

6%

1 year growth

27%

2 year growth

28%
BioBased Diesel
Nov 9th, 2026
Gov. Ferguson announces new tax credit to accelerate Washington's emerging SAF industry.

Gov. Ferguson announces new tax credit to accelerate Washington's emerging SAF industry. 2 hours ago Washington's sustainable aviation fuel (SAF) industry has unlocked a new tax credit that will attract investment and meet growing demand for locally produced jet fuel, Gov. Bob Ferguson announced Nov. 6. Aviation is widely considered to be one of the most difficult sectors to decarbonize. Washington is charting a path forward by developing low-carbon alternatives, benefitting the environment, public health and the economy. SAF is made from sources like agricultural crops, waste products or synthetic materials. The new tax credit gives Washington the strongest set of SAF incentives in the country. Washington's tax credit offers $1 per gallon for jet fuels that generate at least 50 percent lower greenhouse-gas emissions compared to conventional jet fuel and up to $2 for fuels with even lower emissions. Washington's industry recently reached the milestone needed to unlock this credit - the ability to produce at least 20 million gallons of SAF annually in Washington. The Department of Ecology confirmed in early November that this threshold had been met. "Aerospace has long been a cornerstone of Washington's economy, supporting generations of good-paying jobs and driving innovation across our state," Ferguson said. "It's also in our DNA to make big bets on bold ideas, which is what we're doing with sustainable aviation fuels. Between our long history of aviation innovation, our intentional investments into the sector and our climate-forward policies, we're making sure Washington is the best state in the country to produce sustainable aviation fuels." Casey Sixkiller, director of the state ecology department, added, "Washington is leading the way by investing in clean technologies and lowering emissions. This tax credit will support our state's aerospace industry and put us in the pilot's seat for the future of aviation. It's good for the climate and for business." Washington has made major investments in the SAF industry over the past two years. State funding is helping to build SkyNRG's new production facility in Walla Walla and establish Washington State University as a global leader in SAF research. The state also funded the formation of the Cascadia Sustainable Aviation Accelerator, which carries out research and streamlines access to infrastructure, energy, partners and financial capital. "Sustainable aviation fuel works today," said Jake Gentry, the executive director of the Cascadia Sustainable Aviation Accelerator. "The challenge has been making it affordable at commercial scale, and this credit goes a long way toward closing that cost gap. Washington state built the aviation industry, and this type of investment positions us to lead in the next chapter of sustainable aviation. We thank the governor, ecology department and the legislature for their leadership." Thanks to state investment and incentives, several new SAF startups have recently built factories in the state or are considering doing so. In June, Ferguson joined sustainable aviation fuel startup Twelve to celebrate the opening of the company's one-of-a-kind facility in Moses Lake that combines carbon dioxide with water and clean electricity to make fuel. In Washington, demand for SAF is growing each year as the state continues to set air-travel records. Demand also is growing globally. According to the International Council on Clean Transportation, SAF is expected to rise to more than half of global jet-fuel use by 2050. Combined with other incentives, the tax credit sets Washington apart in a fast-growing global marketplace. Washington is the only state in the country that offers a sustainable aviation fuel tax credit and has a clean fuel standard, which allows fuel producers to earn revenue when they make transportation fuels with lower greenhouse-gas emissions. Producers can also take advantage of the federal Renewable Fuel Standard. "As a longtime industry leader in advancing sustainable aviation fuel, Alaska Airlines knows SAF is the best technology available today to meaningfully reduce aviation's carbon emissions," said Ryan Spies, Alaska Airlines' managing director of sustainability. "Washington's position as a global aerospace leader, combined with strong partnerships across industry, academia and government, makes the state uniquely positioned to lead in SAF, and policies like the SAF tax credit can help accelerate production and adoption while supporting clean-energy jobs and economic growth. We appreciate the leadership of Gov. Ferguson and state lawmakers in advancing this important work and remain committed to working together to ensure these policies achieve our shared objectives." Allison Melia, Boeing's vice president of sustainability, added, "Sustainable aviation fuel is one of the most powerful levers to reduce aviation emissions - cutting lifecycle carbon by up to 80 percent versus conventional jet fuel - and the alternative jet fuels tax credit is a critical step to scale SAF here in Washington. Boeing was a strong advocate for passage of the tax-credit legislation, and we applaud Gov. Ferguson and the legislature for their leadership on the issue. Boeing has supported SAF testing and approvals since 2008 and together with our airline customers and partners in Washington and around the globe, we are committed to increasing SAF supply and affordability to drive responsible industry growth, jobs and trade." Kurt Ellison, Climate Solutions' aviation and maritime policy director, said, "It's great to see SAFs takeoff, especially because the moment drop-in fuels are put to use, we see immediate benefits to human health, clean air and reducing climate pollution. Washington has a long history of innovative aerospace and climate policy. Today is another important step in continuing that leadership."

Tri-City Herald
Oct 3rd, 2026
New Kennewick candle studio + $1B fuel plant advances. Tri-City Business updates.

New Kennewick candle studio + $1B fuel plant advances. Tri-City Business updates. October 3, 2026 6:00 AM Gift Article Kennewick, WA Vendor market launches candle studio. Lit by Yenny, a new business focused on hand poured candles and creating space for experiences, celebrates its grand opening with a vendor market from noon-4 p.m., Nov. 8, at 3311 W. Clearwater Ave., Suite D-214. Founder Yennifer "Yenny" Fernandez-Schreiber created Lit as a candle studio focused on creating experiences for guests. The grand opening vendor fair features a chance to shop dozens of small, local businesses selling apparel, skincare products, dog accessories, baked goods, hot dogs, spices, handcrafted goods, jewelry and more. Admission is free and raffles will be held throughout the market event. The candle studio is designed as a comfortable spot where guests can customize coconut wax candles with fragrances and focus on self-care Fuse building reopens with new owner. Fuse, the downtown Richland building that serves as a coworking space and entrepreneurial hub, reopened this week with a new owner and extended name. Freeform, a commercial design and furniture company serving Eastern Washington, paid $2.25 million for the building at 723 The Parkway in late 2025. It moved its Tri-Cities office into the building in March and renamed it the Freeform x Fuse Building. It retained its existing tenants and said it will continue the Fuse mission to provide office space for remote workers, freelancers, entrepreneurs and others. "Our commitment to the Tri-Cities is a long-term one, grounded in stability, stewardship, and supporting the people and businesses that make this community work," said Jeff Heath, CEO of Freefrorm. SkyNRG hits engineering milestone. SkyNRG has selected key partners to design the $1 billion sustainable aviation fuel plant it intends to build at Wallula Gap Business Park, southeast of Pasco. SkyNRG said it selected Technip Energies, Sasol and Topsoe to work on initial engineering designs for the plant, which it calls Project Wigeon. The preliminary engineering phase is part of the process to develop cost and other plans that will help determine if SkyNRG proceeds with the investment. The project will produce 50 million gallons of sustainable aviation fuel from renewable natural gas and other technology. Startup is targeted for 2031. SkyNRG is one of several major developers that chose Wallula Gap, a 1,400-acre park developed by the Port of Walla Walla to recruit heavy industry to the west side of the county. The port agreed to sell 165 acres to SkyNRG in 2024. The $10.8 million land deal gave it until 2028 to complete due diligence and begin construction. The project represents a potential $1 billion investment. If built, it will be neighbors to Amazon Web Service's proposed data center as well as Rockwool USA's sustainable insulation plant, now under construction. The business park is near Packaging Corporation of America, Tyson Foods, Northwest Wine Services and Tri-Cities Intermodal. October 1, 2026 9:00 AM October 1, 2026 5:12 PM Tri-City Herald Reporter Wendy Culverwell writes about growth, development and business for the Tri-City Herald. She has worked for daily and weekly publications in Washington and Oregon. She earned a degree in English and economics from the University of Puget Sound. Support my work with a digital subscription

BioBased Diesel
Sep 29th, 2026
SkyNRG selects Technip Energies, Sasol, Topsoe for Project Wigeon FEED.

SkyNRG selects Technip Energies, Sasol, Topsoe for Project Wigeon FEED. 4 hours ago SkyNRG announced Sept. 28 the selection of Technip Energies, Sasol and Topsoe as key partners for the initial engineering activities of the front-end engineering design (FEED) phase of Project Wigeon, its planned sustainable aviation fuel (SAF) facility at the Port of Walla Walla in Washington state. The appointments bring together technology and engineering expertise to support Project Wigeon as it progresses into FEED, a key phase in further developing the project's engineering, cost and execution plans towards a future final-investment decision (FID). Project Wigeon is designed to produce 50 million gallons of SAF annually using renewable natural gas (RNG) and commercially proven Fischer-Tropsch technology. With key permitting secured and start-up targeted for 2031, the project aims to add significant new SAF production capacity in North America. Topsoe and Sasol have each signed a basic-engineering design-package agreement with SkyNRG, providing technology licenses, engineering design and technical services for their respective technologies. Project Wigeon will combine Topsoe's SynCOR(TM) and hydroprocessing technologies with Sasol's Fischer-Tropsch technology to convert RNG into SAF. Technip Energies brings extensive experience working with both Topsoe's and Sasol's technologies, alongside strong modularization capabilities to support the project's execution. The appointment also builds on SkyNRG's established relationship with Technip Energies through DSL-01, SkyNRG's SAF production facility currently under construction in Delfzijl, the Netherlands. "Bringing Technip Energies, Sasol and Topsoe on board is an important step in progressing Project Wigeon toward FEED," said Steve Drennan, co-president and project director. "Together, we are combining proven technologies with deep engineering and project-execution expertise to further develop a permitted, design-ready project and lay the foundations for commercial-scale advanced SAF production in the U.S." Loïc Chapuis, Technip Energies' president of project delivery and services, added, "Project Wigeon marks a new step in our collaboration with SkyNRG, building on the work already underway on DSL-01 project in the Netherlands. This new milestone demonstrates how our engineering and project delivery expertise can support SkyNRG as it develops SAF projects across different geographies and contributes to the growth of sustainable aviation fuel production." The project will be led by Andy Billig, SkyNRG's co-president of commercial and external affairs, and Steve Drennan, co-president and project director. Billig will focus on strategic partnerships and stakeholder engagement, while Drennan will oversee development and technical delivery. They will work closely with SkyNRG's wider leadership team, including Jessie van der Linden, vice president of projects, who will serve as a key SkyNRG counterpart supporting governance and delivery. Together, SkyNRG, Technip Energies, Topsoe, Sasol and other project partners, including Boeing, are working to advance Project Wigeon toward commercial-scale SAF production and support the continued growth of advanced SAF supply in North America.

BioBased Diesel
Sep 25th, 2026
SkyNRG CEO, co-founder to step down.

SkyNRG CEO, co-founder to step down. 15 hours ago SkyNRG announced in September that its co-founder, Maarten van Dijk, has made the personal decision to step down as CEO Dec. 31. Since co-founding SkyNRG in 2009, Van Dijk has, together with Theye Veen, led the company from an ambitious startup to a globally recognized leader in sustainable aviation fuel (SAF). Under his leadership, SkyNRG has helped create and develop the global SAF market, established a strong international presence, secured long-term customer relationships and developed a world-class project portfolio. Van Dijk's decision comes as SkyNRG enters its next phase of growth as it turns its ambition to become an owner and operator into reality. Construction is underway on DSL-01, its first large-scale SAF production facility in the Netherlands. At the same time, SkyNRG continues to advance its international project portfolio, through developing its own projects including Project SkyKraft in Sweden and Project Wigeon in the U.S., as well as through strategic merger-and-acquisition (M&A) opportunities. Combined with the company's growing commercial business and strong network of customers, partners and shareholders, SkyNRG's activities transition from market development and project origination towards large-scale SAF production and operations. As SkyNRG evolves from a pioneer in SAF into a producer and operator of SAF facilities, Van Dijk said he believes this is the right moment for a new leader to guide the company's next chapter. He will remain CEO until Dec. 31 and will support the company during the handover period through the first quarter of 2027. The board has initiated the search for a successor and appointed leading executive search firm Egon Zehnder to support the process. "After careful reflection, I have decided to step down as CEO of SkyNRG after more than 17 years leading and building the company," Van Dijk said. "I believe this is the right time, both personally and for SkyNRG. SkyNRG is in a very strong position. We have an amazing team and very supportive shareholders. The start of construction on our first large-scale SAF production facility marks a major milestone and, together with our strong commercial business and international project portfolio, provides a solid foundation for future growth. I am incredibly proud of what we have achieved, and I am deeply grateful to our employees, customers, partners, shareholders and everyone who has supported us along the way. Leading SkyNRG has been the greatest privilege of my professional life, and I am committed to supporting a smooth transition." Veen, the chief commercial officer and fellow co-founder of SkyNRG, added, "Maarten's contribution to SkyNRG has been extraordinary. Together, we have built a company that has shaped the development of the SAF market while creating the distinctive culture that defines SkyNRG. I want to thank him for his leadership, his friendship and all the fun we have had over the years. Our focus remains firmly on advancing our project portfolio, supporting our customers and partners, and maintaining the strong momentum across the business." Kate Vidgen, SkyNRG's board chair, said, "Maarten has played a defining role in building SkyNRG into the company it is today. He is an originator and a builder. The start of construction on SkyNRG's first large-scale SAF production facility is a testament to his long-term vision and leadership, and to the capabilities and commitment of the entire organization. While we are sorry to see Maarten step down, we fully respect his personal decision and appreciate the thoughtful way in which he has approached it. The board shares his confidence in SkyNRG's leadership team, strategy and long-term growth prospects. The board is committed to ensuring continuity throughout the transition and appointing a new CEO to lead SkyNRG into its next phase of growth."

ESG News
Aug 6th, 2026
KLM backs SkyNRG Dutch SAF plant with $3.5B deal.

KLM backs SkyNRG Dutch SAF plant with $3.5B deal. * KLM will purchase at least 75,000 tonnes of sustainable aviation fuel each year, equal to 75% of the plant's output. * The long-term agreement represents a sustainability commitment of nearly $3.5 billion and helped SkyNRG secure project financing. * Production is expected to begin in 2028 as the Netherlands works toward its national target of 14% SAF use by 2030. Long-term demand unlocks Dutch SAF production. KLM and SkyNRG have started construction of the Netherlands' first facility dedicated to sustainable aviation fuel production. The SkyNRG Delfzijl plant, known as DSL-01, is expected to begin producing fuel in 2028. Once operational, it will supply about 100,000 tonnes of SAF each year. KLM has committed to purchasing at least 75,000 tonnes annually. That represents 75% of the facility's planned SAF output and nearly $3.5 billion in long-term spending. The agreement gives SkyNRG a large, committed customer before production begins. Such contracts are crucial for capital-intensive climate infrastructure. They provide revenue certainty and help developers secure financing. KLM co-founded SkyNRG in 2009 and has supported the development of the SAF market since then. Its long-term purchase commitment directly contributed to the financing and development of the Delfzijl project. "As the first airline in the world, our long-term offtake agreement directly contributes to the financing and realization of this facility. Today, together with SkyNRG and other invited guests, we mark a milestone by celebrating the start of construction, making this project finally tangible. I am proud that KLM, as a co-founder of SkyNRG and the largest purchaser of the fuel, is taking an important step in scaling up SAF production in the Netherlands and further advancing the sustainability of aviation," said Marjan Rintel, CEO of KLM. SAF offers deep cuts in lifecycle emissions. Aviation remains difficult to decarbonize because long-distance aircraft still depend on energy-dense liquid fuels. Battery and hydrogen technologies are unlikely to replace conventional jet fuel across major international routes in the near term. SAF can work within existing aircraft and fuel infrastructure. However, its climate value depends on the feedstocks, production process and energy used. The fuel releases carbon dioxide during flight, much like fossil kerosene. Its overall lifecycle emissions can be substantially lower because the carbon comes from renewable or recycled sources. According to KLM, SAF can reduce lifecycle carbon emissions by at least 65%. Some production pathways can deliver reductions above 90% compared with conventional kerosene. "Today's milestone in Delfzijl shows that large-scale SAF production in the Netherlands is becoming a reality. We are proud to take this step together with KLM and our partners, whose long-term commitment has helped make this project possible. DSL-01 is an important step toward scaling SAF production and accelerating the transition to more sustainable aviation," said Maarten van Dijk, CEO of SkyNRG. Cost gap remains a barrier to wider adoption. Despite its emissions benefits, SAF remains three to four times more expensive than fossil kerosene. Limited production capacity, feedstock constraints and high development costs continue to restrict supply. That price gap creates financial pressure for airlines operating on narrow margins. It also raises questions about how the transition will affect ticket prices, competitiveness and demand. KLM is calling for stronger government support to expand production and reduce costs. The airline has proposed a national SAF fund, following recommendations in the Wennink report, "The Route to Future Prosperity." The Netherlands has set a national ambition of reaching 14% SAF use by 2030. By comparison, European rules require fuel supplied at covered EU airports to contain at least 6% SAF from 2030. The new Dutch coalition agreement includes plans to expand alternative aviation fuels and support domestic production. The challenge will be converting those commitments into bankable incentives without weakening sustainability standards. For executives and investors, DSL-01 shows how long-term corporate purchasing can unlock industrial decarbonization projects. It also exposes the limits of voluntary action. One plant will not provide enough fuel to transform Dutch aviation. Replicating the model will require coordinated policy, reliable demand and substantial private capital. The Netherlands' success could influence how other aviation hubs finance the next generation of low-carbon fuel infrastructure. Subscribe & Follow for daily ESG insights. Join the Conversation: Follow ESG News on LinkedIn to engage with its global community of 50K+ sustainability leaders and C-suite executives.

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