Ryanair has signed a Memorandum of Understanding deal with Austria's OMV to supply the airline with sustainable aviation fuel (SAF) at its bases across Austria, Germany and Romania.
While limited production of SAF remains a global aviation issue, Ryanair said the deal gives it access to purchase up to 160,000 tonnes of SAF from OMV over the next eight years.
This will save over 400,000 tonnes in CO2 emissions, which is equivalent to about 25,000 Ryanair flights from Dublin to Vienna, according to the airline.
Ryanair said today's deal shows its continued commitment towards its 12.5% SAF by 2030 target and its ambition to reach net-zero emissions by 2050.
Ryanair's Director of Sustainability, Thomas Fowler, said that SAF plays a key role in the airline's Pathway to Net Zero decarbonisation strategy in which it has committed to increasing its use of SAF over the coming years.
"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," he added.
Nina Marczell, OMV Vice President Aviation, Fuels Distributors & Public Sector, said the company is committed to reducing its own carbon footprint as well as supporting its customers in reducing theirs.
"This Memorandum of Understanding is a great opportunity to accelerate both companies' sustainability efforts. Sustainable aviation fuel significantly reduces CO2 emissions, and we are delighted to collaborate with a strong partner like Ryanair and to provide solutions for the sustainable development of the aviation industry," she added.
