Standard Chartered supports the development of a sustainable aviation fuel production facility in the Netherlands

13 February 2026, London, UK – Standard Chartered is pleased to announce that it has acted as Mandated Lead Arranger, Original Hedge Counterparty, and Original Lender on the financing of a greenfield sustainable aviation fuel (SAF) production facility that is being developed in the Netherlands by DSL-01 B.V. (DSL-01), a wholly owned subsidiary of SkyNRG B.V (SkyNRG).

The facility will be located at the Delfzijl chemical park in the Netherlands. Financial close has been achieved and construction has commenced, with production expected to begin in the second half of 2028.

The project is underpinned by an Offtake Agreement with KLM Royal Dutch Airlines to take 75% of the production as the primary off-taker, providing long-term predictable revenue to support the bankability of the facility. Once operational, the facility is expected to produce 100,000 tonnes of sustainable aviation fuel per year.

Maarten van Dijk, SkyNRG CEO & Co-Founder 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.“

Ben Daly, Global Head of Transition Finance, Standard Chartered said: “This transaction marks Standard Chartered’s first financing of a sustainable aviation fuel production facility and reflects our commitment to supporting the transition of hard-to-abate sectors, including by deploying our balance sheet to help scale innovative solutions. SAF is widely recognized as a key near-term solution to reduce lifecycle emissions from aviation using existing aircraft and infrastructure. Transactions like this demonstrate how finance can play a convening role, bringing together producers and airlines to create investable solutions that support climate objectives while meeting commercial requirements.”

James Richards, Executive Director, Infrastructure Development Finance Group, Standard Chartered said: “From a project finance perspective, this transaction brings together the key elements required to finance SAF at scale. Long-term predictable revenue through an offtake agreement with a major airline, experienced infrastructure sponsors, and alignment with European regulatory frameworks combine to create a robust and efficient structure. It shows how thoughtful risk allocation can turn an emerging technology into a bankable asset class. We see this as a strong model for financing SAF production assets as the market continues to develop.”

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For further information please contact:

Julien Moity
Communications Director, Europe
Standard Chartered
julien.moity@sc.com

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