The contract was concluded for a five-year period, with the possibility of extension for three additional years, with deliveries to begin in 2028. Pre-treated used cooking oil is the raw material for the production of sustainable aviation fuel (SAF) that will be processed in the SAF/HVO plant currently in construction at the Petrobrazi refinery. Pricing is based on a formula that is indexed to an international quotation.
The maximum total quantity of the contract is 0.6 million tons, with an estimated value of over EUR 700 million at current market quotations.
Considering also the supply contract for pre-treated vegetable oil concluded in June 2024, OMV Petrom secured more than 80% of the feedstock for the first 8 years of production at the SAF/HVO plant in execution phase.
Astra Bioplants Ltd is a Bulgarian company, the largest producer of biodiesel in the region and a longtime partner of OMV Petrom.