The company has made the final investment decision to build a SAF/HVO facility along with two facilities for green hydrogen which will be used in the production of biofuels.
We are moving forward with our transformation, in addition to our new renewable power projects, today we have taken a decisive step towards decarbonizing transport in Romania. In total, by 2030, we’re committing EUR 11 billion to transform the company for a lower carbon future, both in Romania and the region.
—Christina Verchere, CEO OMV Petrom
SAF/HVO production facility. The investments for this unit amount to €560 million. The plant will have a production capacity of 250 kt/year, of SAF and HVO as well as by-products such as bio-naphtha and bio-LPG, which are used in the chemical industry. The high flexibility of the installation allows adjusting the products mix according to market demand and the available feedstock mix. The plant will have an annual consumption of ~11 kt of hydrogen, most of which will be provided by the two new green hydrogen production units.
Green hydrogen for the production of sustainable fuels. The investment for the two green hydrogen units is estimated at ~€190 million, of which up to €50 million is from European funds, through the National Plan for Recovery and Resilience (NPRR). OMV Petrom and the Ministry of Energy signed the financing contracts at the beginning of this year.
The two units will have a total capacity of 55 MW, with a total annual production of green hydrogen estimated at around 8 kt. Integrating green hydrogen into sustainable fuels, such as sustainable aviation fuel and renewable diesel, will result in at least a 70% reduction in CO2 emissions compared to conventional fuels.
Petrobrazi is the first refinery in the country certified to produce SAF and HVO through the co-processing of biological raw materials. In order to ensure access to a safe source of raw materials to produce biofuels, OMV Petrom has acquired a 50% stake in "Respiră Verde", a leader in the collection of used cooking oil in Romania. "Respiră Verde” collects up to 10 kt of used edible oil per year from economic agents in fields such as the hospitality industry (hotels, restaurants) and retail.
OMV Petrom is the largest integrated energy producer in Southeastern Europe, with an annual Group hydrocarbon production of approximately 41 million boe in 2023. The Group has a refining capacity of 4.5 million tons annually and operates an 860 MW high-efficiency gas-fired power plant. The Group is present on the oil products retail market in Romania and neighboring countries through approximately 780 filling stations under two brands – OMV and Petrom.
