Clifford Chance advises SkyNRG and Macquarie Asset Management on APG's strategic investment of up to €250 million, on behalf of ABP

30 May 2025

Tim Heerschop, Sebastiaan van Steenbergen , Wouter Fonteijn, , Hein Tonnaer, Liesbeth Buiter, Philip Walsh, Carlijn Tenge, Lotte De Bruin, Johanneke Butijn, Niels N. Kuil, Edward Bretherton, Tom Pemberton, Mark-Jan Arends , Laura Stegeman, Astrid van Ommeren, Najib Muslem, Michiel Sunderman, Alec Sanderson, Jurre Jurriëns, Tamlin Higgins
Amsterdam

Clifford Chance advises SkyNRG and Macquarie Asset Management on APG's strategic investment of up to €250 million, on behalf of ABP

Global law firm Clifford Chance has advised SkyNRG, leader in Sustainable Aviation Fuel (SAF), and Macquarie Asset Management (MAM) on APG's strategic investment of up to €250 million in SkyNRG, on behalf of its pension fund client ABP, to enable the development and adoption of SAF worldwide.

The funding will support the continued growth of SkyNRG’s platform which includes a portfolio of capacity development projects, R&D activities, advisory services, and a range of commercial innovative customer programs.

As part of an investment round of up to €300 million, this investment allows SkyNRG to move forward with its plans to develop and construct SAF production facilities in Delfzijl, the Netherlands – on which Clifford Chance also acts as legal advisor – as well as in Sweden (Project SkyKraft) and the United States (Project Wigeon).

This investment builds upon a €175 million investment from Macquarie Asset Management (MAM) in 2023, who is also increasing its overall investment to SkyNRG in conjunction with this funding round to approximately €225 million. Clifford Chance has also advised SkyNRG on MAM's initial investment in 2023.

SkyNRG is a Dutch frontrunner in the SAF industry, founded in 2009, by amongst others, KLM Royal Dutch Airlines, and is headquartered in Amsterdam. Read more about the investment here.

The Clifford Chance core team was led by Tim Heerschop and further consisted of Sebastiaan van Steenbergen, Wouter Fonteijn and Laura Dolstra. The wider team consisted of Hein Tonnaer, Liesbeth Buiter, Philip Walsh, Carlijn Tenge, Lotte de Bruin, Johanneke Butijn, Niels Kuil, Berend Schoemaker, Charlotte Horsten, Edward Bretherton, Tom Pemberton (Energy & Infrastructure), Mark-Jan Arends, Laura Stegeman, Agha Kader (Notary), Martijn van Beusekom (Corporate M&A), Astrid van Ommeren, Najib Muslem, Inge de Bruin (Employment), Michiel Sunderman, Alec Sanderson, Cile Arnoldy (Tax), Jurre Jurriëns, Claire Blaisdell (Antitrust) and Tamlin Higgins (Tech//Digital).