British Airways' parent company International Airlines Group (IAG) has agreed to purchase 28,000 of sustained aviation fuel (SAF) from Spanish-based energy company Repsol.
Repsol will supply IAG with the SAF for the next six months and will be used for IAG's airlines. Along with BA, Aer Lingus, Iberia, and Vueling are part of the group.
""We are working intensely to secure our future SAF needs and comply with our commitments, which are more ambitious than what is established by EU legislation,"" said IAG CEO Luis Gallego. ""However, it is important that governments continue to support the development of a SAF industry that increases its availability and reduces its price.""
""The aviation sector needs solutions such as sustainable aviation fuels and, at Repsol, we are prepared to supply them through our 100% renewable fuels plant in Cartagena,"" said Repsol CEO Josu Jon Imaz.
Repsol began to produce 100% renewable fuels at its facilities in Cartagena earlier this year. The plant, the first large-scale plant in Spain and Portugal dedicated exclusively to the production of 100% renewable fuels and in which Repsol has invested €250 million, has a production capacity of 250,000 tonnes per year and can produce renewable diesel and SAF from waste.
As of 31 December 2023, IAG's investments in SAF reached $1 billion, of which 86% are future commitments. As of the end of February, IAG has already secured a third of the SAF required to meet the objective of 10% of its fuel being SAF in 2030.
BA parent agrees to purchase 28,000 tonnes of SAF
