OMV Petrom's €750 Million Investment in Petrobrazi: Leading the Regional Shift to Sustainable Fuels
Key Ideas
  • OMV Petrom is investing €750 million at Petrobrazi to establish the first major producer of sustainable fuels in the region, focusing on SAF/HVO and green hydrogen production.
  • By 2030, the company will allocate €11 billion towards transitioning to a lower carbon future, aiming to decrease carbon emissions and enhance product certainty for customers.
  • The green hydrogen production units, backed partially by European funds, will contribute to integrating green hydrogen into sustainable fuels, significantly reducing CO2 emissions.
OMV Petrom, a leading energy company in Romania, has announced a substantial investment of approximately €750 million at the Petrobrazi refinery. The investment aims to position Petrobrazi as the first major producer of sustainable fuels in the region. This transformation involves building a SAF/HVO facility, along with two green hydrogen production units that will be utilized in the production of biofuels. The CEO of OMV Petrom, Christina Verchere, highlighted the company's commitment to decarbonizing transport in Romania and the broader region, emphasizing the importance of renewable energy projects. The executive board member responsible for refining and marketing, Radu Caprau, underlined the role of biofuels and electro-mobility in achieving low carbon transport and meeting the increasing demand for sustainable products. The investment includes a €560 million allocation for the SAF/HVO facility, which will produce biofuels and by-products like bio-naphtha and bio-LPG. The installation's flexibility allows for adjusting the product mix based on market demands and available feedstock. Additionally, the €190 million investment in green hydrogen production units, supported by European funds, will enable the integration of green hydrogen into sustainable fuels, leading to a significant reduction in CO2 emissions. The initiative at Petrobrazi represents a crucial step towards a lower carbon future, emphasizing product certainty and reduced carbon emissions for customers while positioning Romania as a hub for sustainable fuel production.
ADVANCEH2

Our vision is to be the world's leading online platform for advancing the use of hydrogen as a critical piece needed to deliver net-zero initiatives and the promise of a clean H2 energy future.

© 2024 AdvanceH2, LLC. All rights reserved.