Ryanair has signed a Memo of Understanding with global energy group Repsol to advance the supply of sustainable aviation fuel (SAF) at the airline's hubs across Spain and Portugal.
Today's deal with Repsol gives Ryanair access to up to 155,000 tonnes (52m gallons) of SAF between 2025 and 2030.
This is equivalent to over 28,000 flights from Dublin to Madrid and will save about 490,000 tonnes in CO2 emissions.
Ryanair is aiming to use 12.5% SAF for its fuel by 2030 and net-zero emissions by 2050.
SAF only accounts for a small fraction of the current jet fuel usage worldwide.
Ryanair chief executive Eddie Wilson said that SAF plays a key role in Ryanair's "Pathway to Net Zero" strategy and its goal of using 12.5% SAF by 2030.
"Achieving this requires multiple different feedstocks and production methods and we’re encouraged that Repsol are looking at multiple solutions. This agreement helps Ryanair secure access to about 15% of this ambitious goal," Mr Wilson said.
"Repsol is a key sustainability partner for Ryanair, and we look forward to building on this collaboration as our group grows to carry 225 million passengers annually by FY26," he added.
Valero Marin, Repsol’s Executive Managing Director of Client, said today's deal with Ryanair reinforces its commitment to the aviation sector and it is another step in Repsol's commitment to renewable fuels.
"The aviation sector needs solutions such as SAF fuels to support the decarbonization process it is currently undergoing. This also consolidates our position as a multi-energy company with the objective of achieving zero net emissions by 2050," he added.
