RYANAIR is set to buy sustainable fuels from
The low-cost carrier yesterday signed a memorandum of understanding, pledging to purchase as much as 360,000 tonnes of sustainable aviation fuel (SAF) by the end of the decade.
According to Ryanair, the agreement will save up to 900,000 tonnes of CO2 emissions - or the equivalent of 70,000 flights between
"SAF plays a key role in our 'Pathway to Net Zero' strategy, and also our commitment to a target of 12.5 per cent SAF by 2030," said Ryanair's sustainability director
"Today's agreement with
"By 2030, airlines have set a goal of having 10 per cent of their jet fuel coming from sustainable sources but given SAF is currently around 0.1 per cent of total sup- ply, a big ramp up will be required over the coming decade," he said.
Surgenor's words were echoed by Ryanair's chief executive
"I'm not sure we'll get there but by signing up more partnership agreements with
The low-cost company has struck deals with Finnish biofuel producer Neste as well as Australian oil and gas group OMV. "Who knows, hopefully we will get to 12.5 per cent by 2030," O'Leary added.
"But that will not happen unless we have a dramatic revolution in supply of production of SAFs and availability at our airports."
The Irish businessman is not the first to call for higher investment into SAF, with both airline veteran
It comes as the aviation industry welcomes a rebound in travel demand, with O'Leary noting Christmas bookings are running ahead of pre-pandemic levels.
(c) 2022 City A.M., source