OMV Petrom, the largest integrated energy producer in Southeastern Europe announces the start of construction for a sustainable aviation fuel (SAF) and renewable diesel (HVO) production unit at the Petrobrazi refinery. This new facility will position OMV Petrom as the first major producer of sustainable fuels in the Southeast Europe, with an annual capacity of 250,000 tons.
Christina Verchere, CEO of OMV Petrom: "Investing in sustainable fuel production is part of our Strategy 2030 and reflects OMV Petrom's commitment to energy transition and reducing carbon emissions. Sustainable fuels are essential to decarbonize transportation, especially in sectors where electrification is difficult to implement, such as aviation. Between 2022 and 2030, we are allocating 35% of our investment budget towards projects that support the energy transition, in Romania and the region.
"Radu Căprău, member of the OMV Petrom Executive Board responsible for Refining and Marketing: "This investment strengthens the role of the Petrobrazi refinery in providing the necessary fuels for mobility – today and in the future. Building on a long tradition of operational excellence, the refinery is transforming to accommodate the production of sustainable fuels. With the commencement of this very complex project, employing new and innovative technologies, we are proud to lead the way with the first installation of its kind in our operating region. This achievement is made possible by our highly qualified colleagues, whose expertise and dedication are crucial to our success.
"The new unit will enable OMV Petrom to integrate the production of SAF and HVO with the existing infrastructure for fuel production, storage, and distribution, thus meeting the region's sustainable mobility needs.
The project entails a total investment of € 750 million, of which 560 million euros are allocated for the construction of the SAF/HVO unit, and 190 million euros for two green hydrogen production facilities.
