Major low-cost carrier Ryanair has firmed a purchase of 500 tonnes of Sustainable Aviation Fuel (SAF) from OMV, the international integrated oil, gas, and chemicals company.
This agreement will effectively save over 1,250 tonnes in CO2 emissions – the equivalent of approximately 100 Ryanair flights from Dublin to Vienna.
The Green Commitment
Ryanair’s purchase of 500 tonnes of SAF from OMV on October 19th is a testament to their commitment to reducing their carbon footprint.
This purchase alone is projected to save over 1,250 tonnes of CO2 emissions, which is equivalent to approximately 100 Ryanair flights from Dublin to Vienna.
This move is part of Ryanair’s strategy to increase the use of SAF in their operations.
This recent purchase is not an isolated event but a continuation of the Memorandum of Understanding (MoU) signed between Ryanair and OMV last year.
The MoU granted Ryanair unique access to purchase up to 160,000 metric tonnes of SAF from OMV until 2030. This partnership is vital in enabling Ryanair to work towards its goal of achieving 12.5% SAF usage by 2030.
Net-Zero Emissions Strategy
Ryanair’s dedication to sustainability extends beyond SAF purchases. The airline has set ambitious goals for the future, aiming to achieve net-zero emissions by 2050.
To meet these targets, Ryanair has taken several significant steps, including partnering with Trinity College Dublin to establish the Ryanair Sustainable Aviation Research Centre.
Additionally, they have invested $22 billion in their ‘Gamechanger’ fleet, designed to reduce CO2 emissions by 16%.
Further bolstering their green commitment, they’ve allocated another $40 billion for the acquisition of 300 Boeing 737 MAX-10 aircraft, which will reduce CO2 emissions by 20% while accommodating 21% more passengers.
OMV’s Sustainability Drive
OMV, the supplier of the purchased SAF, is also on a mission to embrace sustainability. They are implementing various measures to achieve their strategic sustainability goals, with SAF playing a pivotal role in this transformation.
OMV aspires to become a regional leader in the supply of SAF, making it a valuable partner for Ryanair and other airlines in Austria, Germany, and Romania.
Comments from the Leaders
Ryanair’s Head of Sustainability, Steven Fitzgerald, emphasized the importance of SAF in their decarbonization strategy.
He stated, “SAF plays a key role in our Pathway to Net Zero decarbonization 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.”
Martijn van Koten, OMV Executive Vice President Fuels & Feedstock, shared his thoughts on the partnership: “We are building a growth business for Sustainable Aviation Fuel 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.”
Did you know AviationSource has two newsletters? One covers the general news and analysis of the industry as a whole, and the other to do with emergencies that take place throughout the year! To subscribe to our General News Newsletter, CLICK HERE! To subscribe to our Emergencies, Accidents & Incidents Newsletter, CLICK HERE!