Ryanair to purchase additional 500 metric tons of SAF from OMV
SOURCE: Ryanair
March 11, 2024
BY Ryanair
Following Ryanair’s purchase of 500 metric tons of sustainable aviation fuel (SAF) from OMV in October 2023, the airline on March 8 announced that it will take an additional 500 metric tons of SAF from OMV in 2024. This agreement will save a further 1,250-plus metric tons in CO2 emissions (equivalent to c.100 Ryanair flights from Dublin to Vienna).
Under Ryanair and OMV’s MOU agreement, Ryanair has unique access to purchase up to 160,000 metric tons of SAF from OMV up to 2030.
Ryanair’s Director of Sustainability Tom Fowler said, “We’re delighted to be taking an additional 500 tonnes of SAF from OMV this year, in addition to the 500 tonnes we agreed in October last. SAF plays a key role in our Pathway to Net Zero decarbonization strategy in which we have committed to increasing our use of 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.”
Advertisement
Advertisement
Related Stories
U.S. fuel ethanol capacity fell slightly in April, while biodiesel and renewable diesel capacity held steady, according to data released by the U.S. EIA on June 30. Feedstock consumption was down when compared to the previous month.
XCF Global Inc. on July 8 provided a production update on its flagship New Rise Reno facility, underscoring that the plant has successfully produced SAF, renewable diesel, and renewable naphtha during its initial ramp-up.
The USDA’s Risk Management Agency is implementing multiple changes to the Camelina pilot insurance program for the 2026 and succeeding crop years. The changes will expand coverage options and provide greater flexibility for producers.
EcoCeres Inc. has signed a multi-year agreement to supply British Airways with sustainable aviation fuel (SAF). The fuel will be produced from 100% waste-based biomass feedstock, such as used cooking oil (UCO).
President Trump on July 4 signed the “One Big Beautiful Bill Act.” The legislation extends and updates the 45Z credit and revives a tax credit benefiting small biodiesel producers but repeals several other bioenergy-related tax incentives.
Upcoming Events
