Ryanair has signed a Memo of Understanding (MOU) with global energy group Repsol.
Details
According to a statement published on Corporate.Ryanair.com, the purpose of the MOU is to advance the supply of sustainable aviation fuel (SAF) at Ryanair airports in Spain and Portugal, with the agreement with between the two companies giving Ryanair access to up to 155,000 tonnes (52 million gallons) of SAF between 2025 and 2030, which will save approximately 490,000 tonnes in CO2 emissions.
Ryanair is aiming to use 12.5% SAF by 2030 and to have net-zero emissions by 2050.
Statements
The statement published on Corporate.Ryanair.com quoted Ryanair DAC CEO Eddie Wilson as saying, "SAF plays a key role in Ryanair's Pathway to Net Zero strategy and our goal of using 12.5% SAF by 2030. Achieving this requires multiple different feedstocks and production methods and we’re encouraged that Repsol are looking at multiple solutions. This agreement helps Ryanair secure access to c.15% of this ambitious goal.
"Repsol is a key sustainability partner for Ryanair, and we look forward to building on this collaboration as our group grows to carry 225 million passengers annually by FY26."
The statement published on Corporate.Ryanair.com also quoted Repsol executive managing director of client Valero Marin as saying, "This collaboration agreement with Ryanair, Europe's leading passenger airline, reinforces our commitment to the aviation sector and it is another step in Repsol's commitment to renewable fuels. The aviation sector needs solutions such as SAF fuels to support the decarbonization process it is currently undergoing. This also consolidates our position as a multi-energy company with the objective of achieving zero net emissions by 2050."
Read More: Ryanair's Passenger Traffic Increased Year On Year In April
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