SkyFuel's Business Model
Build, Operate, Sell to Infrastructure Funds
Developer / IPP sell-down. Fast capital recycling. Carry retained.
3 Plants Locations
2 Converstion Steps
Plant 1
ATJ — Alcohol-to-Jet
Conversion Steps
1.
Renewable Natural Gas → Syngas (reforming)
2.
Syngas → Ethanol (fermentation)
3.
Ethanol → SAF (dehydration + oligomerisation)
Lower capex. Proven at commercial scale. Faster to COD.
Plant 2 & 3
FT — Fischer-Tropsch
Conversion Steps
1.
Renewable Natural Gas → Syngas (reforming)
2.
Syngas → Ethanol (fermentation)
3.
Ethanol → SAF (dehydration + oligomerisation)
Superior yield at scale. Co-product monetisation. Stronger IP moat.
Disclaimer
SkyFuel is technology-agnostic. Platform is not locked to one vendor — we retain the right to switch or dual-source at each plant.
01
To
Develop
Source and secure Development sites, Obtain permits, complete FEED studies, and lock in technology licenses and offtake MOUs. Generating developer fee income throughout this phase.
02
Finance & Build
Arrange plant level project finance. Contribute SkyFuels equity share, and construct under an EPC wrap with a completion guarantee to manage build risk.
03
Operate to COD
Oversee commissioning and ramp up, demonstrating stabilised EBIDTA and reliable credit/revenue streams ahead of exit.
04
Sell to Infra Fund
Exit via majority sale to Long term infrastructure buyer at COD, capturing the development margin while retaining a minority carried interest per plant.
Our Process
Our Process
Why Not Hold the Assets?
Faster Velocity
Recycle capital across 3 plants rather than waiting for one to cashflow.
Lower Risk
Infra funds take commodity price and long-run operational risk. We take development risk — and get paid for it.
Better Returns
Developer margin (15–25% of EV) + carry (20–30% retained) outperforms operating yield on same capital.
Bigger Buyers
Stonepeak, Brookfield, GIP — they need to deploy $500M+ per transaction. We build what they cannot originate themselves.