AUSTRALIA'S macquarie Group (MQG.AX) announced that its asset management arm is set to initiate an investment of up to US$190 million in SkyNRG, a Netherlands-based supplier of sustainable aviation fuel (SAF), reports Reuters.
The surge in interest within the SAF industry has prompted various fund managers to explore opportunities in a sector gaining momentum, particularly as airlines increasingly turn to eco-friendly fuels to curb emissions and achieve their environmental targets.
This investment from Macquarie, facilitated through its GIG Energy Transition Solutions Fund, marks the company's inaugural foray into the sustainable aviation fuel space.
The funds allocated to SkyNRG will be utilised for establishing dedicated SAF facilities in Europe and the United States by the year 2030.
SeaNews Turkey
The surge in interest within the SAF industry has prompted various fund managers to explore opportunities in a sector gaining momentum, particularly as airlines increasingly turn to eco-friendly fuels to curb emissions and achieve their environmental targets.
This investment from Macquarie, facilitated through its GIG Energy Transition Solutions Fund, marks the company's inaugural foray into the sustainable aviation fuel space.
The funds allocated to SkyNRG will be utilised for establishing dedicated SAF facilities in Europe and the United States by the year 2030.
SeaNews Turkey