Ryanair has signed an MoU with OMV, an Austrian oil and gas company, to supply sustainable aviation fuel (SAF) to Ryanair airports in Germany, Austria, and Romania over the next eight years. As per the agreement, Ryanair will purchase 160,000 tonnes of fuel from OMV. The move sees Ryanair progress toward its 12.5% target for SAF fuel by 2030, the airline said.
Ryanair’s Director of Sustainability Thomas Fowler commented: "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.”
OMV's Nina Marczell said: “We are committed to reducing our own carbon footprint as well as supporting our customers in reducing theirs. This agreement is a great opportunity to accelerate both companies' sustainability efforts.”
Ryanair says that the deal with OMV will see them save up to 400,000 tonnes of CO2 emissions, the equivalent of 25,000 flights from Dublin to Vienna.
OMV operates three refineries in Europe and holds a strong market position with a turnover of €35.5bn in 2021. In the Middle East, it owns 15% of ADNOC Refining and ADNOC Global Trading. The processing capacity of its refineries is 500,000 barrels of oil per day.