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 of OMV Petrom.

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 like bio-naphtha and bio-LPG, which are used in the chemical industry. The high flexibility of the installation allows for adjusting the product 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.

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.

1 HVO – Hydrotreated vegetable oil is also known as renewable diesel, green diesel, or biodiesel. This is a low-carbon fuel, produced by processing renewable residual lipids.