OMV and Wizz Air agree on strategic cooperation to expand SAF technologies and reduce the aviation industry's carbon footprint. OMV and Wizz Air have signed a Memorandum of Understanding for the supply of approximately 185,000 tons of SAF for the period 2023 to 2030. While limited production of SAF is a global aviation challenge, this agreement gives Wizz Air the opportunity to purchase up to 185,000 tons of SAF from OMV. The MoU supports the airline in achieving its goal of reducing CO2 emissions by 25% by 2030, as well as Wizz Air’s and OMV's commitment to achieving net zero emissions by 2050. With the lowest CO2 intensity per passenger kilometre in Europe, one of the youngest fleets in the world, and numerous fuel efficiency initiatives, Wizz Air is already leading the aviation industry to a more sustainable future. OMV is implementing numerous measures to help deliver its ambitious strategic sustainability goals, and SAF is a key technology for the decarbonization of the aviation industry. The goal involves increasing SAF production to as much as 700,000 tons in 2030. This is in line with OMV's ambition to become a net zero company by 2050 at the latest (for Scope 1, 2 and 3). To this end, clear medium-term and long-term emission reduction targets have been defined as part of the OMV Strategy 2030.
OMV and Wizz Air agree on strategic cooperation to expand SAF technologies and reduce the aviation industry's carbon footprint. OMV and Wizz Air have signed a Memorandum of Understanding for the supply of approximately 185,000 tons of SAF for the period 2023 to 2030. While limited production of SAF is a global aviation challenge, this agreement gives Wizz Air the opportunity to purchase up to 185,000 tons of SAF from OMV. The MoU supports the airline in achieving its goal of reducing CO2 emissions by 25% by 2030, as well as Wizz Air’s and OMV's commitment to achieving net zero emissions by 2050. With the lowest CO2 intensity per passenger kilometre in Europe, one of the youngest fleets in the world, and numerous fuel efficiency initiatives, Wizz Air is already leading the aviation industry to a more sustainable future. OMV is implementing numerous measures to help deliver its ambitious strategic sustainability goals, and SAF is a key technology for the decarbonization of the aviation industry. The goal involves increasing SAF production to as much as 700,000 tons in 2030. This is in line with OMV's ambition to become a net zero company by 2050 at the latest (for Scope 1, 2 and 3). To this end, clear medium-term and long-term emission reduction targets have been defined as part of the OMV Strategy 2030.
