IAG and Repsol Sign Major SAF Agreement
International Airlines Group (IAG) has reached a significant agreement with multi-energy company Repsol to purchase and supply over 28,000 tonnes of sustainable aviation fuel (SAF) over the next six months. This marks the largest voluntary SAF purchase in Spain to date. The SAF will be used by IAG airlines operating from Spanish airports, including Aer Lingus, British Airways, Iberia, Iberia Express, and Vueling.
Key Details of the Agreement:
- SAF Benefits: SAF reduces net CO2 life cycle emissions by more than 80% compared to traditional jet fuel.
- Repsol’s Production: Repsol has started producing 100% renewable fuels at its Cartagena facility, which can produce 250,000 tons annually.
- Commitments: IAG aims to use 2% SAF by 2025 and 10% by 2030, aligning with EU regulations and its own sustainability goals.
Statements from Executives:
- Luis Gallego, CEO of IAG: Emphasized the importance of sustainability and the need for governmental support to develop the SAF industry.
- Josu Jon Ima, CEO of Repsol: Highlighted the role of renewable fuels in decarbonizing transport and Repsol’s readiness to supply these fuels.
