The aviation fuel suppliers industry in the Benelux region is vital for powering the aviation sector, ensuring airlines and airports receive necessary fuel efficiently. Key players include traditional oil companies, alternative fuel developers, and logistics firms that supply jet fuel and sustainable aviation fuel. Notably, the industry is focused on reducing carbon emissions and increasing the accessibility of sustainable fuel options. As governments push for greener solutions, collaboration among companies to innovate and develop cleaner fuels is on the rise. The industry's trajectory suggests a growing emphasis on sustainability, making it an increasingly attractive sector for investors.


The investment landscape in Benelux's aviation fuel sector features a mix of corporate, private equity, and venture capital investors. Headquartered in key cities like Brussels, Amsterdam, and Luxembourg, these firms range from startups to established entities. They made a collective 101 investments in 2024, with significant players including the European Innovation Council and CVC Capital Partners. Each investor brings unique expertise, reflecting a determination to support innovations in aviation fuel technologies, sustainability efforts, and emerging market demands.


Top 7 Aviation Fuel Suppliers Investors in Benelux


1. European Innovation Council (EIC)


The European Innovation Council (EIC) is a public entity based in Brussels, Belgium, established to support innovation and entrepreneurship across Europe. Founded in 1958, the EIC offers various funding programs, including the EIC Accelerator and EIC Pathfinder, aimed at helping startups and SMEs develop and scale their technologies. In 2024, the EIC has made 57 investments, reflecting its active role in fostering innovation. Notably, the EIC has been involved in transactions such as funding Maeve Aerospace, a Dutch startup focused on developing a full-electric 44-seater regional airliner, which received €2.5 million from the EIC for its project. This funding could lead to further investments, indicating the EIC's commitment to advancing aviation technology. Additionally, the EIC has supported Limatech, which raised funds through various rounds, showcasing its broader interest in innovative technologies that could intersect with aviation fuel advancements.


2. Cvc

  • Website: cvc.com
  • Type: Private Equity
  • Headquarters: Luxembourg
  • Founded year: 2005
  • Headcount: 1001-5000
  • Number of deals in 2024: 16
  • LinkedIn: cvc-capital-partners

CVC Capital Partners is a prominent investment firm founded in 2005, based in Luxembourg, specializing in private equity, credit, secondaries, and infrastructure. With approximately €193 billion in assets under management for over 1000 clients, including pension funds and institutional investors, CVC focuses on delivering sustainable value and growth through strategic investments. Among their notable transactions in the aviation sector, CVC acquired a 25% stake in CLH Group, a key player in the fuel supply chain, for €1 billion in 2017. They also invested in Avolon Holdings, an aircraft leasing group, contributing $750 million to its initial capital raise in 2010. Furthermore, CVC's acquisition of Ontic Engineering and Manufacturing, Inc. for $1.365 billion in 2019 highlights their commitment to the aerospace industry, which is closely linked to aviation fuel supply. These transactions underscore CVC's strategic interest in the aviation sector, making them a relevant player in the aviation fuel suppliers market.


3. Vitol

  • Website: vitol.com
  • Type: Corporate
  • Headquarters: Rotterdam, South Holland, Netherlands
  • Founded year: 1966
  • Headcount: 1001-5000
  • Number of deals in 2024: 4
  • LinkedIn: vitol-b.v.

Vitol is a corporate investor based in Rotterdam, South Holland, Netherlands, founded in 1966. It is an energy trading company that specializes in the trading and distribution of crude oil, gas, and sustainable energy solutions. Vitol serves industrial and utility customers globally, providing comprehensive energy supply options. With a strong logistics network, Vitol efficiently manages the flow of energy products to meet the needs of their clients. In recent years, Vitol has made significant acquisitions that enhance its position in the fuel market, including the acquisition of Petrol Ofisi for $1.45 billion in 2017, Vivo Energy for $2.3 billion in 2021, and a 50% stake in Brazilian companies Rodoil and Grupo Dislub Equador, which are involved in fuel distribution. These transactions highlight Vitol's commitment to expanding its footprint in the fuel supply industry, which includes potential involvement in aviation fuel.


4. Mainport Innovation Fund


Mainport Innovation Fund II is a venture capital fund based in Amstelveen, North Holland, Netherlands, founded in 2009. The fund focuses on accelerating innovation in sustainable mobility, logistics, and aviation, providing funding and support to startups that aim to create climate impact solutions. They collaborate with major partners such as KLM and Schiphol to enhance the success of their portfolio companies. Notably, they have invested in Aiir Innovations, a company that specializes in AI-based software solutions for aircraft engine inspection, which received €500,000 from Mainport Innovation Fund II in 2019 and €2.1M in 2023. This investment is significant as it contributes to improving aircraft efficiency and potentially reducing fuel consumption, aligning with the interests of aviation fuel suppliers. Additionally, their involvement with other startups in the aviation sector further solidifies their relevance in this industry.


5. ABN AMRO Clearing Bank

  • Website: abnamro.com
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 1982
  • Headcount: 501-1000
  • Number of deals in 2024: 19
  • LinkedIn: abn-amro-clearing-bank-n-v-

ABN AMRO Clearing Bank, founded in 1982 and based in Amsterdam, North Holland, is a banking institution that provides a range of financial services including personal banking, business banking, and investment management. The bank serves individual consumers and businesses, helping them manage their financial needs and investments while ensuring compliance with financial regulations. In 2024, they participated in significant transactions, including a $650 million debt financing for EET Fuels, which is directly related to the aviation fuel industry. They also engaged in other debt financing activities, such as a $387 million investment in Low Carbon, showcasing their diverse investment portfolio. However, their involvement in the aviation fuel sector through EET Fuels positions them as a relevant investor in this industry.


6. Cycle Group


Cycle Management S.à r.l, known as Cycle Group, is a corporate investment firm based in Luxembourg, founded in 2017. The firm specializes in climate and environmental impact investing, supporting entrepreneurs in developing sustainable technologies. Cycle Group provides growth capital, international expertise, and access to a global network, with a strong focus on reducing greenhouse gas emissions and promoting eco-friendly innovations. In recent transactions, Cycle Group participated in a pre-Series C funding round for Blue World Technologies, a Danish company that develops methanol fuel cells, raising EUR 11 million. This investment was made alongside other notable investors during the COP28 climate conference, highlighting their commitment to sustainable energy solutions. Additionally, Cycle Group was involved in earlier funding rounds for Blue World Technologies, including a Seed Round in December 2020, and they also participated in a Series A funding round for Paragon Mobility in May 2021. These transactions reflect their interest in innovative fuel technologies, which could have implications for the aviation fuel sector.


7. Kartesia

  • Website: kartesia.com
  • Type: Private Equity
  • Headquarters: Leudelange, Esch-Sur-Alzette, Luxembourg
  • Founded year: 2013
  • Headcount: 51-200
  • Number of deals in 2024: 5
  • LinkedIn: kartesia

Kartesia is a private equity firm based in Leudelange, Luxembourg, founded in 2013. They specialize in providing tailored financing solutions to lower mid-market companies across Europe, focusing on private corporate lending and asset management. Their investment strategies include credit opportunities and impact funds, catering primarily to businesses seeking flexible capital for growth and operational needs. Notably, Kartesia has been involved in significant transactions within the fuel sector, such as leading a €52 million funding round for Atenoil, a Spanish fuel retail business, and participating in debt financing for MAIN Energie. These transactions highlight their engagement in the fuel industry, which is relevant to aviation fuel suppliers.



Aviation Fuel Suppliers Insights: Key Investors in Benelux


InvestorHeadquarterSizeFoundedDeals 2024
European Innovation Council (EIC)Brussels, Brussels, Belgium201-500195857
CvcLuxembourg1001-5000200516
VitolRotterdam, South Holland, Netherlands1001-500019664
Mainport Innovation FundAmstelveen, North Holland, Netherlands11-5020090
ABN AMRO Clearing BankAmsterdam, North Holland, Netherlands501-1000198219
Cycle GroupLuxembourg1-1020170
KartesiaLeudelange, Esch-Sur-Alzette, Luxembourg51-20020135


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