OMV Supplies RYANAIR with 500 Tonnes Sustainable Aviation Fuel in 2023 - Biofuels Central
OMV supplies RYANAIR with 500 tonnes Sustainable Aviation Fuel in 2023. OMV, the integrated energy, fuels & feedstock and chemicals OMV, the integrated energy, fuels & feedstock and chemicals & materials company headquartered in Vienna, and Ryanair, Europe’s largest airline group, have announced the signing of an offtake agreement to supply 500 metric t of Sustainable Aviation Fuel (SAF) at Vienna Airport in 2023. This agreement will save over 1,250 metric t in CO2 emissions, equivalent to about 100 Ryanair flights from Dublin to Vienna. The agreement is part of the MoU agreement between the companies, which allows Ryanair to purchase up to 160,000 metric t from OMV up to 2030. This move is seen as another step towards increasing the production of sustainable fuels and chemical feedstock to 1.5 million metric t per year by 2030. The announcement demonstrates Ryanair's commitment to its 12.5% target for SAF by 2030, with the company investing USD 22 bn in its ‘Gamechanger’ fleet and an additional USD 40 bn order of 300 Boeing 737 MAX-10 aircraft.
Published : 2 years ago by redactoramexico in Travel
OMV, the integrated energy, fuels & feedstock and chemicals & materials company headquartered in Vienna, and Ryanair, Europe’s largest airline group , announced the signing of an offtake agreement to supply 500 metric t of Sustainable Aviation Fuel (SAF) at Vienna Airport in 2023.
This forms part of the MoU agreement between the companies, providing Ryanair with unique access to purchase up to 160,000 metric t of SAF from OMV up to 2030. This 500 t offtake agreement will save over 1,250 metric t in CO2 emissions (equivalent to about 100 Ryanair flights from Dublin to Vienna).
For OMV, the agreement represents another step towards raising the production of sustainable fuels and chemical feedstock to 1.5 million metric t per year by 2030. OMV is implementing numerous measures to achieve its ambitious strategic sustainability goals, and SAF is an essential contributor to this transformation.
Based on the strategic outlook for the aviation sector, it is OMV’s ambition to become a regional leader in SAF supply, making use of its advantageous existing infrastructure.
Today’s 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.
Furthermore, it is investing USD 22 bn in its ‘Gamechanger’ fleet, which reduce CO2 emissions by 16% less fuel; and an additional USD 40 bn order of 300 Boeing 737 MAX-10 aircraft which burn 20% less fuel while carrying 21% more passengers.
OMV produces Sustainable Aviation Fuel by co-processing sustainable and regional raw materials, specifically used cooking oil, at its Schwechat refinery in Austria. Compared to conventional jet fuel, Sustainable Aviation Fuel contributes to a reduction of greenhouse gas emissions by more than 80% over the entire life cycle.
“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.”
Steven Fitzgerald, Ryanair’s Head of Sustainability said:
“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.”
• Memorandum of Understanding (MoU) signed last year enables Ryanair to purchase up to 160,000 metric t of SAF from OMV by 2030
• OMV and Ryanair have pledged to actively contribute to reduce CO2 emissions of the aviation sector
Topics: Aviation, Airlines