OMV Petrom will supply the fuel at four airports in Romania, in compliance with the requirements of the RefuelEU Aviation Regulation: Henri Coandă International Airport Bucharest, Avram Iancu International Airport Cluj, Traian Vuia International Airport Timișoara and Iași International Airport.
“We are delighted to continue our partnership with TAROM, a long-standing relationship between two significant Romanian companies. This strengthens our business ties and underscores our commitment to sustainable transport. OMV Petrom is committed to applying European standards and achieving targets for a more sustainable future,” stated Radu Căprău, member of the OMV Petrom Executive Board, responsible for Refining and Marketing.
In paralle, as part of its Strategy 2030, OMV Petrom plans investment of above EUR1 billion in the decarbonization of transportation in Bucharest.
„This year, we took the final investment decision to build at the Petrobrazi refinery, a production capacity of 250 kt/year of biodiesel and SAF, which is expected to enter production in 2028,” added Radu Caprau.
SAF, a fuel produced from renewable raw materials, reduces greenhouse gas emissions by over 80% throughout its entire life cycle compared to conventional kerosene.
As part of the European Union’s ‘Fit for 55’ initiative, the RefuelEU Aviation Regulation introduces the requirement to use SAF at a rate of 2% starting 2025, with a gradual increase to 70% by 2050 (6% in 2030). It also mandates fuel suppliers to provide sustainable aviation fuel at airports within the European Union. This regulation, applicable to all member states, aims to support the transition to low-emission aviation and encourages the use of SAF as the main element for decarbonizing the aviation sector.
„We are at a point when sustainability is becoming a central factor for the entire aviation industry, with the requirements for using SAF coming into effect in 2025. We are pleased to be among the leading companies in this initiative, with the support of OMV Petrom. Accelerating the use of sustainable aviation fuels is essential if we are to meet the environmental targets set for 2030, and the introduction of SAF for the TAROM fleet represents our firm commitment to adhering to European objectives,” stated Costin Iordache, General Director of TAROM.
OMV Petrom is 43% held by Romanian shareholders, while 22.5% are held by Romania pension funds, with another almost 500,000 individual investors and other Romanian entities.
(English version by Catalina Apostoiu)