OMV Petrom signs long-term contract for sustainable fuels with Expur

Green Forum

28 June, 2024 at 9:33 AM

OMV Petrom SA has signed a six-year contract with Expur to purchase fully refined vegetable oil, with the option to extend the agreement for an additional two years.

Deliveries are set to begin in 2028. This vegetable oil will be a raw material for producing renewable diesel (HVO - Hydrotreated Vegetable Oil) at a new HVO/SAF plant in the Petrobras refinery. The company finalized the investment decision for this plant in June 2024. The pricing will follow an international index formula.

The contract covers over 0.7 million tonnes of vegetable oil, with an estimated value exceeding €750 million, based on the quantities ordered. At least 50% of the vegetable oil will be sourced from Romania, ensuring a sustainable supply chain from production to market.

Export, a Romanian company, is part of the Avril Group, one of Europe's largest producers of vegetable oil and biodiesel.

Cluj Airport planes now use OMV Petrom's SAF

OMV Petrom, the leading integrated energy producer in Southeast Europe, will supply Cluj International Airport Avram Iancu with Sustainable Aviation Fuel (SAF) starting in 2025.

Business

OMV Petrom invests €1.5 million in Polizu Maternity

OMV Petrom, in partnership with Save the Children Romania, is investing €1.5 million to renovate Polizu Maternity Hospital, the largest facility of its kind in Romania.

Business

OMV Petrom builds sustainable fuels unit

OMV Petrom announced the commencement of construction for a production unit dedicated to sustainable aviation fuel (SAF) and renewable diesel (HVO) at the Petrobrazi refinery.

Industry

CMS advised DRI on PPAs with OMV Petrom

CMS has provided legal counsel to DRI in relation to the physical power purchase agreements (PPAs) concluded with OMV Petrom for three solar projects.

Business

DRI secures record solar PPA with OMV Petrom

Dutch-based DRI has signed Romania's largest physical solar power purchase agreement (PPA) with leading oil and gas company OMV Petrom.

Energy

OMV Petrom to supply sustainable aviation fuel

OMV Petrom and TAROM announced the signing of a contract for the supply of sustainable aviation fuel (SAF), a first for Romanian aviation.

Energy

OMV Petrom acquires 50% of Electrocentrale Borzești

OMV Petrom, the largest integrated energy producer in Southeastern Europe, completed the acquisition of 50% of the shares of Electrocentrale Borzești from RNV Infrastructure.

LATEST NEWS

17 Apr

Polish office market grapples with increasing fit-out costs

16 Apr

Bucharest office fit-out, among the most affordable in CEE

14 Apr

Sustainability moves from ambition to action

13 Apr

City Point Okęcie achieves Breeam Outstanding certification

10 Apr

Slovakia: Fewer easy wins, more specialised opportunities

CONFERENCES

CEE PROPERTY FORUM & AWARDS GALA 2024 - VIENNA, AUSTRIA

POLAND ESG FORUM 2024

Romania ESG Forum 2024

RECOMMENDED FROM THE HOME PAGE

Real estate

Sustainability moves from ambition to action

Conducted in autumn 2025, the RICS Sustainable Real Estate Survey Europe gathered 112 responses from valuers, developers, investors and other professionals across 30 countries. The findings confirm that ESG has moved from a peripheral concern to a core driver of real estate value, risk and decision-making across Europe.

Energy

DSV boosts energy self-sufficiency with solar power

DSV – Global Transport and Logistics, the world's largest logistics operator, has launched a solar installation at its warehouse in Łozienica, Poland, in partnership with commercial real estate investor Accolade. The installation will meet the energy needs of Poland's first multi-client warehouse equipped with an AutoStore system.

Energy

Etem Gestamp signs cross-border wind power deal with Rezolv

Etem Gestamp, the Sofia-based joint venture between Viohalco Group and Spain's Gestamp Group focused on aluminium extrusion and processing for the automotive industry, and Rezolv Energy, the Actis-backed independent power producer, have signed a 10-year virtual power purchase agreement (VPPA) in Bulgaria. The VPPA will see Etem Gestamp buy electricity from Rezolv Energy's 461MW 'Vifor' wind farm, which is about to come onstream in Buzău County, Romania. It is the first cross-border wind PPA that has been publicly announced in Bulgaria.

Business

DP World plants underwater forests to revive Black Sea marine life

DP World has launched a five-year coastal restoration programme to create underwater "forests" of native seaweed to boost marine life near the Constanța South Container Terminal on the Black Sea.

Energy

Microsoft hits 100% renewable energy target five years early

Microsoft has achieved its goal of matching 100% of its annual global electricity consumption with renewable energy, reaching the milestone five years ahead of its 2025 target. The achievement supports the company's commitment to become carbon negative by 2030.

POPULAR

Business

4 weeks ago

DP World plants underwater forests to revive Black Sea marine life