Irish low-cost airline Ryanair has signed a Memorandum of Understanding (MoU) with Vienna-based OMV, which produces Sustainable Aviation Fuel (SAF).
Under the agreement, Ryanair will begin to take deliveries of SAF over the time span of 8 years at airports across Austria, Germany and Romania.
Ryanair claims the initiative will save over 400,000 tonnes in CO2 emissions (equivalent to c.25,000 Ryanair flights from Dublin to Vienna).
Ryanair's landmark agreement demonstrates their commitment to reaching a 12.5% share of sustainable aviation fuel (SAF) by 2030. This ambitious target aligns with their goal of reaching net-zero emissions by 2050.
Ryanair has been making significant progress towards its environmental goals, with a $22bn investment in its new Boeing 737 "Gamechanger" fleet. These planes produce 16% less emissions and 40% less noise.
The Sustainable Aviation Research Centre in Trinity College Dublin is also helping to achieve these goals, as is Ryanair's partnership with OMV. OMV is adding SAF to its product range and advancing its ambitious strategic sustainability goals.
Speaking from Vienna, Ryanair’s Director of Sustainability, Thomas Fowler said:
“SAF plays a key role in our Pathway to Net Zero decarbonisation 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.”
Nina Marczell, OMV Vice President Aviation, Fuels Distributors & Public Sector:
“We are committed to reducing our own carbon footprint as well as supporting our 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.”