OMV Petrom to invest €750mn in sustainable fuel production
This project will establish a plant for the production of SAF, HVO, green hydrogen.
OMV Petrom is making a significant investment of approximately €750 million to transform its Petrobrazi refinery into a major producer of sustainable fuels. This project will establish a plant for the production of sustainable aviation fuels (SAF) and renewable diesel (HVO), as well as two facilities for green hydrogen production, with operations expected to begin in 2028. The company aims to supply around 250 kt/year of sustainable fuels.
CEO Christina Verchere highlighted the company's commitment to decarbonizing transport in Romania, emphasizing that this investment is part of a broader strategy to commit €11 billion by 2030 to achieve a lower carbon future. This initiative aligns with OMV Petrom's ongoing renewable power projects and marks a decisive step towards reducing carbon emissions in the region.
Radu Căprău, Executive Board Member responsible for Refining and Marketing, noted that biofuels, alongside electromobility, are crucial for achieving low-carbon transport. The new facilities will enable OMV Petrom to replace imported fuels with locally produced biofuels, ensuring product availability and reduced carbon emissions for their customers.
The SAF and HVO production facility alone represents an investment of €560 million and will produce 250 kt/year of SAF and HVO, as well as by-products like bio-naphtha and bio-LPG for the chemical industry. The plant will consume approximately 11 kt of hydrogen annually, largely supplied by the two new green hydrogen units.
This integration of green hydrogen into sustainable fuels is expected to reduce CO2 emissions by at least 70% compared to conventional fuels. Additionally, OMV Petrom has acquired a 50% stake in "Respiră Verde" to secure a reliable source of raw materials for biofuel production.
