Irish low cost Ryanair bought 500 tonnes of sustainable aviation fuel (SAF) to OMVan Austrian multinational integrated oil, gas and chemicals company.
This agreement will save more than 1,250 tonnes of CO2 emissionsthe equivalent of approximately 100 flights from Dublin to Vienna, according to Ryanair. It follows the memorandum of understanding concluded between the two companies last year, which gives Ryanair unique access to purchase 160,000 metric tonnes of SAF from OMV until 2030.
Ryanair is committed to meeting its target of 12.5% SAF usage by 2030, as well as achieving net zero emissions by 2050. It has already significantly advanced these commitments by s partnering with Trinity College Dublin to open the Ryanair Sustainable Aviation Research Centre, investing $22 billion in its fleet of new Boeing 737 MAX-8s, which reduces CO2 emissions by 16%, and investing $40 billion additional in 300 Boeing 737 MAX-10 planes which reduce CO2 emissions by 20% while carrying 21% more passengers.
For its part, OMV is also implementing numerous measures to achieve its ambitious strategic objectives in terms of sustainable development, the SAF being an essential element of this transformation. OMV’s ambition is to become a regional leader in SAF supply.