SkyNRG Reaches Financial Close on 100,000-Tonne Dutch SAF Plant, Construction Underway

DSL-01 becomes the first commercial-scale SAF facility to secure non-recourse project financing, backed by a 12-bank consortium and KLM as primary off-taker

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SAFpath News Desk

February 13, 2026

Image Source: SkyNRG

Summary: SkyNRG has reached financial close and begun construction on DSL-01, a 100,000-tonne-per-year HEFA SAF plant in the northern Netherlands. The facility is backed by a 12-bank lending consortium and shareholders including KLM, Macquarie, and APG.

SkyNRG has reached financial close on its DSL-01 Sustainable Aviation Fuel production facility in Delfzijl, the Netherlands, and construction is now underway. The milestone caps a seven-year development period and marks what SkyNRG says is the first commercial-scale SAF plant to secure non-recourse project financing.

Facility Specs

DSL-01 will produce 100,000 tonnes of SAF per year using the HEFA pathway, enabled by Topsoe’s HydroFlex technology. The plant will also yield 35,000 tonnes of sustainable by-products including biobased propane, butane, and naphtha. Technip Energies is serving as EPC contractor. Startup is targeted for mid-2028.

KLM will be the primary off-taker for the SAF produced. Lifecycle GHG reductions are expected to start at around 80%, rising to more than 90% over time as Dutch renewable energy supply becomes increasingly reliable.

Financing and Shareholders

Debt was provided by a consortium of 12 major banks: ABN AMRO, BNP Paribas, Rabobank, Crédit Agricole, Deutsche Bank, ING Bank, Mizuho, Natixis, SMBC, Société Générale, Standard Chartered, and UniCredit. Shareholders include KLM, Macquarie Group, and Dutch pension provider APG.

The non-recourse structure is noteworthy — lenders are relying on the project’s own cash flows as collateral rather than SkyNRG’s corporate balance sheet, a model common in mature energy infrastructure but rare for SAF to date. Closing on those terms signals growing lender confidence in SAF as a bankable asset class.

SkyNRG’s Evolution

“I am proud of our team and partners, who have worked tirelessly through complexity and overcome significant challenges to bring the project to this point,” said Maarten van Dijk, CEO and co-founder of SkyNRG.

DSL-01 reflects SkyNRG’s evolution from sourcing and distributing SAF to becoming an owner and operator of production capacity — a vertical integration step that gives it direct control over supply.

Pipeline Beyond DSL-01

SkyNRG is also progressing Project Wigeon in the US Pacific Northwest with Boeing, and Project SkyKraft in Sweden — an eSAF facility using renewable electricity, green hydrogen, and biogenic CO2.

Source: https://www.greenairnews.com/?p=8526

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