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Eni Spa on Tuesday said its Enilive biofuel business has signed two agreements for the supply of sustainable aviation fuel to budget airline easyJet PLC. The Rome-based oil major said the fuel purchased by the Luton, England-based airline is blended with conventional jet and possesses 20% purity and enables easyJet to meet the requirements for its two new routes to Norway over the winter period. It added that the first agreement will be utilised by the airline for some routes from Milan Malpensa airport. Eni added that easyJet will benefit from the Societa per Azioni Esercizi Aeroportuali SEA sustainable aviation fuel support programme which throughout 2024 has contributed €800 per tonne to carriers at Milan airport utilising the fuel, with a total value of €500,000. Eni said the two firms have signed a letter of intent for the potential additional supply of approximately 30,000 tonnes of pure Enilive sustainable aviation fuel at other Italian airports. Enilive is engaged in biorefining, biomethane production, and smart mobility solutions. The agreements are in line with easyJet’s recent commitments made to boost growth in the sustainable aviation fuel market, with the firm launching a new business travel solution earlier this month to explore partnerships to finance the use of the fuel. easyJet Director of Tax & Fuel Strategy Raminder Shergill said: ‘SAF is key to our decarbonisation strategy and will play a vital role in helping the aviation sector achieve its net zero ambitions. ‘We are therefore delighted to be working with Enilive and with our key partner SEA to sign this agreement and hope it provides another positive signal to stimulate further growth of the SAF industry.’ Eni shares were up 0.9% at €13.46 on Tuesday in Milan. easyJet shares were up 3.6% at 566.60p in London. Copyright 2024 Alliance News Ltd. All Rights Reserved
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