OMV and RYANAIR sign MoU to supply 160,000 tons Sustainable Aviation Fuel
OMV and Ryanair, signed a Memorandum of Understanding to supply sustainable aviation fuel (SAF) at Ryanair airports across Austria, Germany, and Romania. While the limited production of SAF remains a global aviation issue, this MoU agreement gives Ryanair unique access to purchase up to 160,000 tons (53 million gallons) of SAF from OMV over the next 8 years (starting in 2023). This would account for a total CO2 reduction of over 400,000 tons, equivalent to approx. 25,000 Ryanair flights from Dublin to Vienna.
This landmark MoU demonstrates Ryanair’s continued progress towards its target of using 12.5% SAF by 2030 and the airline and OMV’s wider shared ambition to reach net-zero emissions by 2050. Ryanair has already significantly advanced these commitments by partnering with Trinity College Dublin to open the Ryanair Sustainable Aviation Research Centre and investing USD 22bn in its ‘Gamechanger’ fleet, which offers 4% more seats while burning 16% less fuel.
OMV is implementing numerous measures to achieve its ambitious strategic sustainability goals, and SAF makes an essential contribution in this transformation. Based on the strategic outlook for the aviation sector, OMV sees sustainable aviation fuel as an important addition to its future jet fuel range. This portfolio upgrade is in line with OMV’s commitment to becoming a net-zero company by no later than 2050 (for Scope 1,2 and 3). Clear medium and long-term emission reduction targets have been defined for this purpose as part of the OMV Strategy 2030. The planned scale up of SAF production to 700,000 tons in 2030 will play an important role in achieving these goals.
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