23 July 2024 - 10:15 CEST | PDF | 123.88 KB
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Repsol and Iberia sign an agreement with Inditex to use 5% of SAF for the transport of its air cargo
Press Release
23/07/2024 10:15
The three companies are taking a new step toward their decarbonization objectives by opting for this alternative fuel that reduces CO2 emissions by more than 80% with respect to the mineral-based kerosene it replaces.
Repsol and Iberia have signed an agreement with Inditex for the purchase of sustainable aviation fuel (SAF). The SAF used represents 5% of the fuel that Iberia uses to transport Inditex's merchandise on its flights.
Iberia has made a first purchase of SAF to be used for Inditex's cargo, which Repsol will supply directly at the Adolfo Suárez Madrid-Barajas airport. The use of this fuel leads to a reduction in emissions of more than 80% compared to the mineral kerosene it replaces, so this agreement represents a further step toward the decarbonization objectives of the three companies.
Iberia, Repsol and Inditex are committed to the use of SAF as a key tool to contribute to decarbonizing the aviation sector. The SAF supplied by Repsol is certified and complies with the standards of Annex IX Part B of the European Union's Renewable Energy Directive 2018/2001 Renewable Energy Directive II.
"This new alliance with Iberia and Inditex reinforces our commitment to 100% renewable fuels as a lever for the decarbonization of mobility. The start of large-scale production of 100% renewable fuels in Cartagena is a milestone in our strategy. This plant, which produces both 100% renewable diesel and sustainable aviation fuels, will enable Repsol to be ready to supply the aviation sector with the SAF it needs to realize its decarbonization ambitions," said Carlos Suárez, Repsol's International Aviation Director.
"SAF is the best and most immediate solution to advance the decarbonization of the airline industry. This agreement with Inditex is part of our commitment to reach zero net emissions by 2050. It is a great challenge that must be tackled on a global scale and that will only be achieved through collaborations such as the one we have just signed between Iberia and Inditex," said Teresa Parejo, the airline's Sustainability Director.
Sustainable aviation fuel has positioned itself as the best means to decarbonize the airline industry. It can be organic (produced from vegetable oils, animal fats, biomass or other waste such as agricultural waste) or synthetic (generated from CO2 capture using green hydrogen). One of its main advantages is that it can be used in airplanes and airports without the need for any modification.
About Repsol: Repsol is a multi-energy company with a global presence that can meet all the energy needs of its customers in the home and in mobility. It employs 25,000 people in more than twenty countries and has 24 million customers. Its extensive network of more than 4,500 service stations supplies fuels in Spain, Portugal, Peru, and Mexico, and is also incorporating alternatives such as electric recharging, 100% renewable fuels, AutoGas, and natural gas vehicles. It is the fourth largest electricity supplier in Spain, and has a diversified renewable generation portfolio, with an installed capacity of approximately 3,000 MW, mainly in Spain, the United States, and Chile. It produces an average of 599,000 barrels of oil equivalent per day and has one of the most efficient refining systems in Europe. Repsol is transforming its six industrial complexes on the Iberian Peninsula into multi-energy hubs, capable of treating a wide variety of raw materials and waste to manufacture products with a low carbon footprint, such as 100% renewable fuels, which will be key to achieving its goal of being a zero net emissions company by 2050.
About Iberia: Iberia has been flying from Spain for 96 years with the purpose of generating prosperity, connecting people with the world. It is the leading airline in flights between Europe and Latin America, where it offers direct flights to 18 destinations in 16 countries in the region. Together with Iberia Express and Iberia Regional Air Nostrum, it has a fleet of 166 aircraft and offers flights to some fifty countries around the world from the airport in Madrid, where it has developed its hub. It is part of the IAG Airline Group, the first in the world to commit to achieving zero net emissions by 2050, and to operate with 10 percent sustainable aviation fuel by 2030. Over the last decade, it has consistently ranked among the most punctual airlines in Europe and the world.
About Inditex: Inditex is a global fashion retail group, comprising seven brands (Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, and Zara Home) that are present in more than 200 markets. Its business model is focused on satisfying customer demand in a sustainable way. Inditex is committed to achieving climate neutrality by 2040.