OMV Petrom Invests EUR 750mn in Sustainable Aviation Fuel and Renewable Diesel Production Unit
Key Ideas
- OMV Petrom is investing EUR 750mn in a new Sustainable Aviation Fuel and Renewable Diesel unit with a production capacity of 250,000 tons per year, starting in 2028.
- This investment aims to position OMV Petrom as the first major producer of sustainable fuels in Southeast Europe, contributing to the energy transition and reducing carbon emissions.
- The new unit will integrate the production of Sustainable Aviation Fuel and Hydrotreated Vegetable Oil (HVO) with existing infrastructure, meeting the region's sustainable mobility needs.
- OMV Petrom is also expanding its network of charging points for electric vehicles, targeting over 5,000 units by 2030 in Romania to support lower-emission transportation.
OMV Petrom is embarking on a significant investment of EUR 750 million to establish a Sustainable Aviation Fuel (SAF) and Renewable Diesel (HVO) production unit at the Petrobrazi refinery in Romania. This new facility, scheduled to commence operations in 2028, will have an annual production capacity of 250,000 tons of sustainable fuels. This strategic move positions OMV Petrom as a pioneer in sustainable fuel production in Southeast Europe and aligns with its commitment to the energy transition and carbon emissions reduction.
The production of SAF and HVO involves processing renewable raw materials like used vegetable oils and animal fats through advanced refining processes utilizing green hydrogen. As a result, these fuels exhibit characteristics similar to conventional kerosene and diesel but with a significantly reduced carbon footprint, lowering CO₂ emissions by at least 65% compared to traditional fossil fuels.
By investing in sustainable fuel production, OMV Petrom is actively contributing to decarbonizing transportation, particularly in sectors where electrification is challenging, such as aviation. The company's focus on sustainable mobility extends beyond fuel production to include the expansion of electric vehicle charging points, with a target of surpassing 5,000 units by 2030 in Romania.
The innovative approach of integrating green hydrogen production facilities with the SAF and HVO unit underscores OMV Petrom's commitment to leveraging new technologies for sustainable solutions. This comprehensive project not only enhances the role of the Petrobrazi refinery in catering to future mobility needs but also reflects the company's dedication to operational excellence and environmental stewardship. The investment in lower-emission transportation infrastructure further solidifies OMV Petrom's position as a key player in advancing sustainable practices in the region.