Romania: OMV Petrom’s investment in Petrobrazi refinery, SEE Energy News
In order to increase the bio-blending capacity and improve the infrastructure for transporting, unloading, and storing bio-components within the refinery, The largest Romanian oil and gas company OMV Petrom has invested some 21 million euros at the Petrobrazi refinery.
Member of OMV Petrom Executive Board responsible for Downstream Oil Radu Caprau said that the company invests in obtaining fuels with a high level of biofuel content, alternative mobility solutions, and various other sustainable projects. It is a combined effort at all levels across the company, as it aims to reduce its carbon emissions by 27 % by 2025 compared to 2010 level.
The Petrobrazi refinery has a total crude oil processing capacity of 4.5 mln tons per year. OMV Petrom supplies fuels with a volumetric bio-content of 6.5 % in diesel and 8 % in gasoline.
As of 2005, OMV Petrom has invested approximately 1.8 billion euros in Petrobrazi refinery, a third of which went into reducing the environmental impact. In 2019, the company managed to reduce its operations’ carbon emissions by 22 % compared to 2010 level.
- June 11, 2021 Slovenia: MOL Group’ retail acquirement agreement with OMV
- June 11, 2021 Serbia: NIS’ environmental projects investments
- June 11, 2021 Romania: IFC’s investments in Raiffeisen green bond issue