OMV supplies Ryanair with 500 tonnes of SAF
OMV and Ryanair have announced the signing of an offtake agreement to supply 500 metric tonnes of sustainable aviation fuel (SAF) at Vienna Airport. This forms part of the MoU agreement between the companies, providing Ryanair with unique access to purchase up to 160,000 metric tonnes of SAF from OMV up to 2030.
This offtake agreement will save over 1,250 metric tonnes in CO2 emissions.
For OMV, the agreement represents another step towards raising the production of sustainable fuels and chemical feedstock.
OMV is implementing numerous measures to achieve its ambitious strategic sustainability goals, and SAF is an essential contributor to this transformation.
The announcement demonstrates Ryanair’s continued commitment towards its 12.5% target for SAF by 2030. Ryanair has already significantly advanced these commitments by partnering with Trinity College Dublin to open the Ryanair Sustainable Aviation Research Centre.
OMV produces SAF by co-processing sustainable and regional raw materials, specifically used cooking oil, at its Schwechat refinery in Austria.
Martijn van Koten, OMV executive vice-president fuels and feedstock, said: “We are building a growth business for SAF to support the industry’s journey towards a more sustainable future.
“We are proud of our partnership with Ryanair that allows both companies to leverage their expertise in promoting the use of SAF. This facilitates the transition towards the application of more sustainable forms of energy and helps reduce the climate impact of aviation.”
Ryanair’s head of sustainability, Steven Fitzgerald added: “SAF plays a key role in our Pathway to Net Zero decarbonisation strategy in which we have committed to increasing our use of SAF over the coming years – a commitment that this deal with OMV will help move further forward. OMV is a key partner for Ryanair in Austria, Germany and Romania and we look forward to growing this partnership as Europe’s largest airline group.”
Source Link: https://biofuels-news.com/news/omv-supplies-ryanair-with-500-tonnes-of-saf/
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