{"id":133739,"date":"2023-10-31T07:35:00","date_gmt":"2023-10-31T06:35:00","guid":{"rendered":"https:\/\/renewable-carbon.eu\/news\/?p=133739"},"modified":"2023-10-26T14:05:24","modified_gmt":"2023-10-26T12:05:24","slug":"omv-supplies-ryanair-with-500-tonnes-sustainable-aviation-fuel-in-2023","status":"publish","type":"post","link":"https:\/\/renewable-carbon.eu\/news\/omv-supplies-ryanair-with-500-tonnes-sustainable-aviation-fuel-in-2023\/","title":{"rendered":"OMV supplies RYANAIR with 500 tonnes Sustainable Aviation Fuel in 2023"},"content":{"rendered":"\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Memorandum of Understanding (MoU) signed last year enables Ryanair to purchase up to 160,000 metric t of SAF from OMV by 2030&nbsp;<\/strong><\/li>\n\n\n\n<li><strong>OMV and Ryanair have pledged to actively contribute to reduce CO<sub>2<\/sub> emissions of the aviation sector&nbsp;<\/strong><\/li>\n<\/ul>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/renewable-carbon.eu\/news\/media\/2023\/10\/231018_JAK_OMV_RYANAIR_0157-1-1024x683.jpg\" alt=\"from left to right: Andreas Gruber (CEO Laudamotion), Nina Marczell (Senior Vice President Industrial Sales and Marketing at OMV) Steven Fitzgerald (Head of Finance &amp; Sustainability at Ryanair) and Axel R\u00f6mmer (Head of Aviation at OMV).\" class=\"wp-image-133769\" style=\"aspect-ratio:1.499267935578331;width:708px;height:auto\" srcset=\"https:\/\/renewable-carbon.eu\/news\/media\/2023\/10\/231018_JAK_OMV_RYANAIR_0157-1-1024x683.jpg 1024w, https:\/\/renewable-carbon.eu\/news\/media\/2023\/10\/231018_JAK_OMV_RYANAIR_0157-1-300x200.jpg 300w, https:\/\/renewable-carbon.eu\/news\/media\/2023\/10\/231018_JAK_OMV_RYANAIR_0157-1-150x100.jpg 150w, https:\/\/renewable-carbon.eu\/news\/media\/2023\/10\/231018_JAK_OMV_RYANAIR_0157-1-768x512.jpg 768w, https:\/\/renewable-carbon.eu\/news\/media\/2023\/10\/231018_JAK_OMV_RYANAIR_0157-1-400x267.jpg 400w, https:\/\/renewable-carbon.eu\/news\/media\/2023\/10\/231018_JAK_OMV_RYANAIR_0157-1.jpg 1450w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">From left to right: Andreas Gruber (CEO Laudamotion), Nina Marczell (Senior Vice President Industrial Sales and Marketing at OMV) Steven Fitzgerald (Head of Finance &amp;&nbsp;Sustainability at Ryanair) and Axel R\u00f6mmer (Head of Aviation at OMV). \u00a9 OMV<\/figcaption><\/figure><\/div>\n\n\n<p><strong>OMV, the integrated energy, fuels &amp; feedstock and chemicals &amp; materials company headquartered in Vienna, and Ryanair, Europe\u2019s largest airline group , today announced the signing of an offtake agreement to supply 500 metric t of Sustainable Aviation Fuel (SAF) at Vienna Airport in 2023. This forms part of the MoU agreement between the companies, providing Ryanair with unique access to purchase up to 160,000 metric t of SAF from OMV up to 2030. This 500 t offtake agreement will save over 1,250 metric t in CO<sub>2<\/sub> emissions (equivalent to about 100 Ryanair flights from Dublin to Vienna). &nbsp;<\/strong><\/p>\n\n\n\n<p>For OMV, the agreement represents another step towards raising the production of sustainable fuels and chemical feedstock to 1.5 million metric t per year by 2030. OMV is implementing numerous measures to achieve its ambitious strategic sustainability goals, and SAF is an essential contributor to this transformation. Based on the strategic outlook for the aviation sector, it is OMV\u2019s ambition to become a regional leader in SAF supply, making use of its advantageous existing infrastructure. &nbsp;<br><br>Today\u2019s announcement demonstrates Ryanair\u2019s continued commitment towards its 12.5% target for SAF by 2030. Ryanair has already significantly advanced these commitments by partnering with Trinity College Dublin to open the Ryanair Sustainable Aviation Research Centre. Furthermore, it is investing USD 22 bn in its \u2018Gamechanger\u2019 fleet, which reduce CO<sub>2<\/sub> emissions by 16% less fuel; and an &nbsp; additional USD 40 bn order of 300 Boeing 737 MAX-10 aircraft which burn 20% less fuel while carrying 21% more passengers.&nbsp;<br><br>OMV produces Sustainable Aviation Fuel by co-processing sustainable and regional raw materials, specifically used cooking oil, at its Schwechat refinery in Austria. Compared to conventional jet fuel, Sustainable Aviation Fuel contributes to a reduction of greenhouse gas emissions by more than 80% over the entire life cycle.&nbsp;<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><strong>Martijn van Koten, OMV<\/strong> Executive Vice President Fuels &amp; Feedstock, \u201cWe are building a growth business for Sustainable Aviation Fuel to support the industry\u2019s journey towards a more sustainable future. We are proud of our partnership with Ryanair that allows both companies to leverage their expertise in promoting the use of SAF. This facilitates the transition towards the application of more sustainable forms of energy and helps reduce the climate impact of aviation.\u201d<br><br><strong>Ryanair\u2019s Head of Sustainability, Steven Fitzgerald<\/strong> said, \u201cSAF plays a key role in our Pathway to Net Zero decarbonization strategy in which we have committed to increasing our use of SAF over the coming years \u2013 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\u2019s largest airline Group.\u201d<\/p>\n<\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\">About <strong>OMV Aktiengesellschaft<\/strong><\/h3>\n\n\n\n<p>With Group sales revenues of EUR 62 bn and a workforce of around 22,300 employees in 2022, OMV is amongst Austria\u2019s largest listed industrial companies.<br>In Chemicals &amp; Materials, OMV through its subsidiary Borealis, is one of the world\u2019s leading providers of advanced and circular polyolefin solutions and a European market leader in base chemicals and plastics recycling. Together with its two major joint ventures \u2013 Borouge (with ADNOC, in the UAE and Singapore) and Baystar\u2122 (with TotalEnergies, in the USA) \u2013 Borealis supplies products and services to customers across the globe. OMV\u2019s Fuels &amp; Feedstock business produces and markets fuels as well as feedstock for the chemical industry, operates three refineries in Europe, and holds a 15% stake in a refining joint venture in the UAE. OMV operates around 1,700 filling stations in eight European countries. In the Energy segment, OMV explores and produces oil and gas in the four core regions of Central and Eastern Europe, Middle East and Africa, North Sea, and Asia-Pacific. Average daily production in 2022 amounted to 392 kboe\/d. Its activities also include the Low Carbon Business as well as the entire gas business.<br><br>OMV intends to transition from an integrated oil, gas, and chemicals company to become a leading provider of innovative and sustainable fuels, chemicals, and materials, while taking a leading global role in the circular economy. By switching over to a low-carbon business, OMV is striving to achieve net zero in all three Scopes by 2050 at the latest.<br><br>OMV shares are traded on the Vienna Stock Exchange (OMV) and as American Depository Receipts (OMVKY) in the U.S.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">About <strong>Ryanair Holdings plc<\/strong><\/h3>\n\n\n\n<p>Ryanair Holdings plc, Europe\u2019s largest airline group, is the parent company of Buzz, Lauda, Malta Air, Ryanair &amp; Ryanair UK. Carrying 183.5m guests p.a. on 3,300 daily flights from 91 bases, the Group connects 230 airports in 36 countries on a fleet of 563 aircraft, with 386 Boeing 737s on order, which will enable the Ryanair Group to grow traffic to 225m p.a. by FY26 &amp; 300m p.a. by FY34. Ryanair has a team of over 22,000 highly skilled aviation professionals delivering Europe\u2019s No.1 operational performance, and an industry leading 38-year safety record. Ryanair is Europe\u2019s greenest, cleanest, major airline group and customers switching to fly Ryanair can reduce their CO\u2082 emissions by up to 50% compared to major European legacy airlines.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>OMV, the integrated energy, fuels &amp; feedstock and chemicals &amp; materials company headquartered in Vienna, and Ryanair, Europe\u2019s largest airline group , today announced the signing of an offtake agreement to supply 500 metric t of Sustainable Aviation Fuel (SAF) at Vienna Airport in 2023. This forms part of the MoU agreement between the companies, [&#8230;]<\/p>\n","protected":false},"author":59,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","nova_meta_subtitle":"Ryanair is going to use SAF on its flights by 12.5% until 2030, while OMV\u2019s ambition is, to become a regional leader in SAF supply","footnotes":""},"categories":[5572],"tags":[10794,10416,10617,16792,5528],"supplier":[1286,4534],"class_list":["post-133739","post","type-post","status-publish","format-standard","hentry","category-bio-based","tag-aviationfuel","tag-circulareconomy","tag-jetfuel","tag-saf","tag-sustainability","supplier-omv-ag","supplier-ryanair"],"_links":{"self":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/133739","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/comments?post=133739"}],"version-history":[{"count":0,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/133739\/revisions"}],"wp:attachment":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/media?parent=133739"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/categories?post=133739"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/tags?post=133739"},{"taxonomy":"supplier","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/supplier?post=133739"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}