Repsol and Volotea’s Strategic Partnership to Decarbonize Aviation with Sustainable Fuel

Repsol and Volotea’s Strategic Partnership to Decarbonize Aviation with Sustainable Fuel

(IN BRIEF) Repsol and Volotea have formed a strategic partnership to supply over 6 million liters of sustainable aviation fuel (SAF) for Volotea flights from Spanish airports between 2025 and 2029. This collaboration is set to significantly reduce CO2 emissions and supports the European Union’s ReFuelEU Aviation regulation. Repsol will produce the SAF from waste products at its new 100% renewable fuels plant in Cartagena. The agreement underscores both companies’ commitment to sustainability and the decarbonization of the aviation sector.

(PRESS RELEASE) MADRID, 1-Aug-2024 — /EuropaWire/ — Repsol S.A. (BME: REP), a Spanish multinational energy and petrochemical company, and Volotea have announced a strategic agreement to supply sustainable aviation fuel (SAF) for Volotea flights departing from Spanish airports. Under this agreement, Repsol will provide up to 6.1 million liters of SAF to Volotea from 2025 to 2029. This initiative is expected to reduce CO2 emissions by approximately 80% compared to traditional kerosene, aligning with the European Union’s ReFuelEU Aviation regulation set to take effect next year.

The SAF supplied by Repsol is derived from waste products such as used cooking oil and complies with the European Union’s Renewable Energy Directive II (RED II) standards. Valero Marín, Repsol’s Chief Customer Officer, emphasized the company’s commitment to aviation in Spain and highlighted the role of their 100% renewable fuels plant in Cartagena in meeting the growing demand for SAF.

Carlos Muñoz, Founder and CEO of Volotea, reiterated the airline’s dedication to sustainable aviation and achieving net zero emissions by 2050. He called for further incentives to stimulate the use of sustainable fuels within the industry. Volotea has been incorporating SAF into its operations since 2022 and has partnered with Airbus to use SAF on flights between Hamburg and Toulouse.

Repsol, a pioneer in renewable fuel production in Spain, began producing 100% renewable fuels at its Cartagena plant this year. The facility, the first of its kind in Spain and Portugal, has a production capacity of 250,000 tonnes per year. Repsol aims to increase its production capacity to 1.7 million tonnes of renewable fuels by 2027 and 2.7 million tonnes by 2030, leading the market in the Iberian Peninsula.

This agreement marks a significant step towards decarbonizing the aviation industry and achieving the environmental goals set by both companies.

About Repsol

Repsol is a global multi-energy company that can meet all the energy needs of customers both at home and on mobility. It employs 25,000 people in more than twenty countries and reaches twenty-four million customers. Its extensive network of 4,500 service stations across Spain, Portugal, Peru and Mexico supplies fuels and is also incorporating alternatives such as 100% renewable fuels, electric recharge, AutoGas, and natural gas for vehicles. In addition, it is the fourth-largest electricity retailer in Spain, with more than 2.3 million customers, and is building a diversified renewable generation portfolio, with an installed capacity of 3,100 MW, mainly in Spain, the United States and Chile. Producing an average of 589,000 barrels of oil per day, Repsol boasts one of Europe’s most efficient refining systems. Repsol is transforming its six industrial complexes in the Iberian Peninsula into multi-energy hubs, capable of turning a wide variety of raw materials and waste into products with a low carbon footprint such as 100% renewable fuels, which will be key to achieving its goal of reaching net zero emissions by 2050.

About Volotea

Volotea was founded in 2011 by Carlos Muñoz and Lázaro Ros, previously founders of Vueling, and is one of the fastest growing airlines in Europe. Every year, the company increases the number of aircraft in its fleet, the routes it operates and the number of seats available. This year, the airline has reached 60 million passengers carried. Volotea serves more than 110 airports and has bases in 21 small and medium-sized European cities. In 2024, Volotea will operate more than 450 routes (more than half exclusively), offer between 12.5M and 13M seats (12-16% more than in 2023) and fly approximately 80,000 flights. The airline operates with a fleet of up to 44 Airbus A319s and A320s and employs more than 2,100 people. Volotea has received a four-star rating in 2024 and was recognised by Skytrax as the ‘Best Low-Cost Airline in Europe’ at the 2023 and 2024 World Airline Awards. The airline adds these accolades to its growing list of achievements, which includes recognition as ‘Best Low-Cost Airline in Europe’ at the World Travel Awards in 2021, 2022 and 2024.

For more information:

Repsol
Communication and Brand Management
prensa@repsol.com
www.repsol.com

Volotea
Communications and Public Relations Department
press@volotea.com
www.volotea.com
Inés Amil
915 765 250
iamil@estudiodecomunicacion.com

SOURCE: Repsol