Repsol signs deal with Ryanair uA new strategic alliance in the race to promote renewable fuels in the aviation industry.
As reported by both companies in the statement, through this agreement, the two groups reinforce their role as relevant actors in the decarbonisation of the aviation sector and establish a framework of cooperation to move towards sustainable air mobility in the years to come.
Thus the group led by Josu Jon Imaz It will give Ryanair access to a maximum of 155,000 tons of SAF between 2025 and 2030Equivalent to more than 28,000 flights from Dublin to Madrid, which will allow to reduce approximately 490,000 tonnes of CO2 emissions.
While SAF is a key factor in aviation decarbonisation, represents only a small fraction of current aviation fuel use worldwide.
Repsol Customer General Manager Valero Marín stated that this cooperation agreement with Ryanair “strengthens the company’s commitment to the aviation industry and represents another step in Repsol’s commitment to renewable fuels”.
“An industry like aviation needs solutions like SAF fuels for a decarbonization process like the one we’re in. It also reinforces our position as a multi-energy company with the goal of achieving zero net emissions by 2050.” .
Ryanair’s CEO, Eddie Wilson, said SAF was “playing”.an important role in the strategy On Ryanair’s ‘Pathway to Net Zero’ and its target to use 12.5% of SAF by 2030.”
“This agreement helps Ryanair secure access to 15% of this ambitious target. Repsol is a key sustainability partner for Ryanair and we look forward to further developing this collaboration as our Group grows. Growing to carry 225 million passengers per year by 2026“, added.
Commitment to renewable fuels for all transportation sectors, including aviation, is part of Repsol’s strategy to become a net-zero emissions company by 2050.
Strategic alliances
In this sense, it adds recently the signing of strategic agreements for the use and promotion of sustainable aviation fuels.
Among them, they have alliances with Iberia, which, among others, First national and long-haul flight in Spain with biofuel produced from waste.
It also reached an agreement with the Air and Space Army, which Águila Patrol used for the first time in the Hispanic Day air parade a year ago. A renewable fuel produced by Repsol. Likewise, it has recently signed a cooperation agreement with Gestair, the leader of Spain and the European benchmark in non-scheduled aviation.
Likewise, the multi-energy company will establish and produce its first advanced biofuel plant in Spain in Cartagena (Region of Murcia) at the end of this year. 250,000 tons of renewable fuel from wasteIt aims to reach a renewable fuel production capacity of 1.3 million tons in 2025 and 2 million tons in 2030.