Infrastructure
| Sector | Infrastructure |
| Sub-sector | Energy |
| Locations | Europe & North America |
As a low-carbon alternative to fossil jet fuel, global SAF demand is expected to reach approximately 17 million tonnes per annum by 2030.2 However, production remains well behind projected demand, constrained by a lack of commercial‑scale production capacity, with an estimated additional 5.8 million tonnes of capacity required to meet 2030 demand.2
Europe faces a particularly acute supply gap, with current installed capacity covering only one-third of expected mandated demand under the EU’s ReFuelEU regulation.2
This structural undersupply, combined with strengthening regulatory mandates, creates a significant tailwind for scaled SAF production.
Since acquisition, MAM has supported the structuring and execution of substantial equity and debt financing to fully fund the construction of the DSL-01 project and other future growth initiatives. DSL-01 is a greenfield facility located at the Delfzijl chemical park in the Netherlands that will convert waste-based feedstocks such as used cooking oil, residual fats and greases into SAF using HEFA technology.3 This financing included more than €750 million of non-recourse project finance debt from a syndicate of 12 international lenders.
The DSL-01 project is designed to produce 100,000 tonnes of SAF per annum, plus 35,000 tonnes of sustainable by-products including biobased propane, butane, and naphtha.
Outcome
With construction well underway, the project is underpinned by a long-term offtake agreement with KLM Royal Dutch Airlines for at least 75 per cent of the plant’s SAF output, with contractual pass-through of feedstock costs, mitigating a key challenge to large-scale SAF production. The SAF produced is expected to deliver lifecycle greenhouse gas reductions of approximately 80 per cent compared to fossil jet fuel, rising to over 90 per cent as Dutch renewable energy availability increases and natural gas reliance is reduced.4
Beyond its first project, SkyNRG has two further production facilities in development – Project Wigeon in Washington State, United States in partnership with Boeing, and Project SkyKraft in Northern Sweden in collaboration with leading regional energy utility Skellefteå Kraft.
of SAF production capacity per annum at DSL‑014
of sustainable by-products produced per annum at DSL‑014
In lifecycle GHG emissions, increasing to over 90 per cent over time, versus fossil jet fuel4
with KLM for up to 75 per cent of plant output
The start of construction of DSL-01 marks a defining moment for sustainable aviation. Together with committed partners like KLM and MAM, we are building critical infrastructure that will help accelerate aviation’s transition towards lower emissions while strengthening Europe’s sustainable fuel industry.”
Maarten van Dijk
SkyNRG CEO & Co-Founder
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