Romanian energy company OMV Petrom is set to invest €750M (US$805M) in its Petrobrazi refinery in a bid to become the first major producer of sustainable fuels in southeast Europe.
The plans included a sustainable aviation fuel (SAF)/hydrotreated vegetable oil (HVO) facility and two facilities for green hydrogen for use in biofuels production, the company said on 11 June.
Starting in 2028, the company said its aim was to supply around 250,000 tonnes of sustainable fuels.
“In addition to our new renewable power projects, … we have taken a decisive step towards decarbonising transport in Romania. In total, by 2030, we’re committing €11bn (US$11.81bn) to transform the company for a lower carbon future, both in Romania and the region,” OMV Petrom CEO Christina Verchere said.
Full story OMV Petrom invests €750M in Petrobrazi to become the first major… (ofimagazine.com)
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