OMV and Ryanair renew their SAF offtake agreement

OMV and Ryanair have renewed their offtake agreement for 500 tonnes of sustainable aviation fuel (SAF).
The airline’s CEO Michael O’Leary and OMV’s EVP Fuels & Feedstock executive Martijn A. van Koten signed the corresponding agreement in Vienna.
A company spokesman said: “Also in 2024, we will deliver Europe’s biggest low-cost airline with our innovative bio-based SAF. This is good news for the environment.
“As a long-standing partner to the aviation industry, we bring a wealth of expertise to the emerging SAF market. Our SAF reduces carbon dioxide emissions by more than 80% compared to conventional kerosene.”
The aviation industry is a hard-to-abate sector.
To further continue the transformation towards more sustainable mobility, the airline need strong alliances based on shared goals.
Both Ryanair and OMV are committed to decarbonisation and SAF is at the heart of this mission.