The project entails a total investment of 750 million euros, of which 560 million euros are allocated for the construction of the SAF/HVO unit, and 190 million euros for two green hydrogen production facilities.
“Investing in sustainable fuel production is part of our Strategy 2030 and reflects OMV Petrom’s commitment to energy transition and reducing carbon emissions. Sustainable fuels are essential to decarbonize transportation, especially in sectors where electrification is difficult to implement, such as aviation. Between 2022 and 2030, we are allocating 35% of our investment budget towards projects that support the energy transition, in Romania and the region,” stated Christina Verchere, OMV Petrom CEO.
The unit will have a production capacity of 250,000 tons of sustainable fuels per year, starting in 2028 and will position OMV Petrom as the first major producer of sustainable fuels in Southeast Europe, contributing to the energy transition.
“This investment strengthens the role of the Petrobrazi refinery in providing the necessary fuels for mobility – today and in the future. Building on a long tradition of operational excellence, the refinery is transforming to accommodate the production of sustainable fuels,” stated Radu Căprău, member of the OMV Petrom Executive Board responsible for Refining and Marketing.
In addition to the development of sustainable fuel production, OMV Petrom is expanding its network of charging points for electric vehicles, aiming for over 5,000 units by 2030 in Romania, compared to approximately 900 currently.
OMV Petrom ended 2024 with RON35.7 billion turnover, down 8% from 2023. The company’s net profit revolved around RON4.2 billion, up 4% from 2023.
(English version by Catalina Apostoiu)