OMV Petrom to invest €2 billion by 2030 in Petrobrazi refinery

Green Forum
OMV Petrom, the largest integrated energy producer in Southeast Europe, celebrates the 90th anniversary of the Petrobras refinery. OMV Petrom will invest more than €2 billion in the Petrobras refinery by 2030 for the production of biofuels, green hydrogen, and other low-carbon products, as well as for traditional activity.

The refinery currently supplies around 30% of Romania's fuel needs and will continue to play a key role in the transport sector. OMV Petrom is launching an extensive investment and modernization program on the Petrobrazi platform, which will transform the refinery into a modern industrial unit capable of producing both traditional fuels and state-of-the-art biofuels.

”Energy transition means a mix of solutions: traditional fuels, biofuels, and electric mobility. And with the investments we are making at Petrobrazi, €2 billion by 2030, we will continue to provide our customers with quality fuels and biofuels”, said Radu Căprău, member of the OMV Petrom Management Board, responsible for Refining and Marketing.

OMV Petrom recently announced its decision to invest around €750 million in a sustainable aviation fuel (SAF) and renewable diesel (HVO) production facility and two green hydrogen production facilities. This will enable the company to supply up to 250,000 tonnes of biofuels annually from 2028.

In addition, investments will continue to modernize and streamline current processes, which will reduce the refinery's environmental footprint. The company aims to reduce the refinery's carbon intensity by more than 15% by 2030 compared to 2019.

The company also supports social projects with an impact on the life of communities in Prahova, in the fields of health, education, and environment, such as the modernization of the Emergency County Hospital in Ploiesti, the renovation and energy efficiency of schools - Romania Eficient, afforestation - Romania Plants for Tomorrow. In the last 3 years, the value of these projects has amounted to more than 10 million euro.

RECOMMENDED
RECOMMENDED FROM THE HOME PAGE
Nearly 772 million liters of water are lost annually due to leakages
Environment

Nearly 772 million liters of water are lost annually due to leakages

The Annual Water Report, based on over 13.5 billion liters of monitored water usage across 5,370 properties in 36 countries, reveals that 67% of properties experience water leakage yearly. With rising water scarcity, increasing tariffs, aging infrastructure, and stricter regulations, property owners are under growing pressure to better understand their water consumption.

Real estate

Iulius invests €29 million in Europe's largest private soil cleanup

Romanian developer Iulius has launched Europe's largest private bioremediation project, investing €29 million to clean 38 hectares of contaminated land in downtown Constanța. The project will transform the former Oil Terminal platform into an integrated urban regeneration complex worth over €800 million.

Real estate

Climate risks take centre stage in Polish real estate strategies

Poland has moved up 49 places in the Climate Risk Index 2025, underscoring the increasing impact of climate change on the real estate sector. Heatwaves, heavy rainfall, droughts and floods are becoming a regular challenge for property owners and investors, according to Cushman & Wakefield.

READ MORE
Green Forum  |  10 October, 2025 at 9:55 AM
Green Forum  |  23 September, 2025 at 1:44 PM