OMV: Ryanair orders 160,000 tonnes of SAF
(CercleFinance.com) - Ryanair and OMV, an integrated oil, gas and chemical company, today signed a Memorandum of Understanding (MoU) to supply sustainable aviation fuel (SAF) to Ryanair's airports in Austria, Germany and Romania.
The MOU gives Ryanair unique access to purchase up to 160,000 tonnes (53 million gallons) of SAF from OMV over the next 8 years, saving more than 400,000 tonnes of CO2 emissions.
This agreement demonstrates Ryanair's commitment to the 12.5% FAS target by 2030 and the airline's aim to be net zero by 2050.
Ryanair has already made progress toward its environmental goals through its 22 billion dollar investment in its new Boeing 737 "Gamechanger" fleet, which produces 16% fewer emissions and 40% less noise.
Copyright (c) 2022 CercleFinance.com. All rights reserved.
The MOU gives Ryanair unique access to purchase up to 160,000 tonnes (53 million gallons) of SAF from OMV over the next 8 years, saving more than 400,000 tonnes of CO2 emissions.
This agreement demonstrates Ryanair's commitment to the 12.5% FAS target by 2030 and the airline's aim to be net zero by 2050.
Ryanair has already made progress toward its environmental goals through its 22 billion dollar investment in its new Boeing 737 "Gamechanger" fleet, which produces 16% fewer emissions and 40% less noise.
Copyright (c) 2022 CercleFinance.com. All rights reserved.