Sunday, July 14, 2024
HomeTransportOMV will supply 2,000 metric tons of Sustainable Aviation Fuel to the...

OMV will supply 2,000 metric tons of Sustainable Aviation Fuel to the Air France-KLM

OMV the integrated energy company headquartered in Vienna announced that it has signed an offtake agreement to supply 2,000 metric tons of Sustainable Aviation Fuel (SAF) to the Air France-KLM Group in 2023.

This offtake agreement follows an existing MoU, granting Air France-KLM access to purchase more than 300,000 metric tons of SAF from OMV 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’s ambition to become a regional leader in SAF supply, making use of the advantageous infrastructure in place. This portfolio upgrade is in line with OMV’s commitment to become a net-zero company latest 2050.

Furthermore, the European Parliament recently passed a new law to increase the uptake of sustainable fuels in the aviation sector. EU airports and fuel suppliers must ensure that starting from 2025, at least 2 per cent of aviation fuels will be “green”, with this share increasing every five years. In addition, there will be an EU label for the environmental performance of flights as of 20251.

“This offtake agreement is a great opportunity to accelerate the sustainability efforts of both companies. Sustainable aviation fuel significantly reduces CO2 emissions and we are delighted to make progress together with strong partners like Air France-KLM and to provide solutions for the sustainable development of the aviation industry,” said Martijn van Koten, OMV Executive Vice President Fuels & Feedstock.

“Air France-KLM is glad to partner with OMV to increase our SAF uptake and contribute to the emerging SAF industry,” added Fatima Da Gloria De Sousa, Vice President Sustainability, Air France-KLM. “We aim to be at the forefront of sustainable aviation and this translates into ambitious, tangible targets. By 2030, we aim to incorporate at least 10 per cent of SAF in all our flights, which goes beyond the mandates set by the European Union. We have already secured 3 out of those 10 per cent and we are actively building a worldwide network of SAF providers.”

Sustainable Aviation Fuel is produced by OMV 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 per cent over the entire life cycle.

Sign up for our newsletters

    Monthly newsletter – Delivering the most important energy stories of the month selected by our Editor-in-chief
    Weekly Oil&Gas roundup - All major news about the oil and gas industry, LNG developments, the upscaling of new gases and related EU regulations arriving in your mailbox every Monday.
    Weekly Renewables&Climate roundup - All major news about investments in renewable energy sources, environment protection, green hydrogen and new innovative ways to tackle the climate crisis arriving in your mailbox every Tuesday.

    Most Popular