OMV Petrom invests ~EUR 750M at Petrobrazi

OMV Petrom will invest approximately EUR 750M at Petrobrazi to transform the refinery into the first major producer of sustainable fuels in the region. 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.

The investments for this unit amount to EUR 560M. The plant will have a production capacity of 250 kt/year, of SAF and HVO as well as by-products like bio-naphtha and bio-LPG, which are used in the chemical industry. 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.

The investment for the two green hydrogen units is estimated at ~EUR 190M. 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 will result in at least a 70% reduction in CO2 emissions compared to conventional fuels.

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