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

27 Nov

M Core opens new retail park in Orăștie

25 Nov

Crestpoint launches new project management platform in Prague

20 Nov

Smarter operations for older buildings: Unlocking fast energy savings with AI control

14 Nov

Leading developer speaks out: Permitting gridlock pushes investments out of Bucharest

13 Nov

Turkish investors pour millions into Romanian green energy

CONFERENCES

CEE PROPERTY FORUM & AWARDS GALA 2024 - VIENNA, AUSTRIA

POLAND ESG FORUM 2024

Romania ESG Forum 2024

RECOMMENDED FROM THE HOME PAGE

Business

Cost remains main driver and biggest barrier in sustainability

51% of Romanian entrepreneurs see sustainability as a way to reduce operational costs, yet the same proportion say implementation is too expensive, according to a new study by BRD Groupe Société Générale. Conducted among micro and small-to-medium enterprises, the research outlines how Romanian entrepreneurs perceive the opportunities and challenges of transitioning to sustainable business models.

Energy

Turkish investors pour millions into Romanian green energy

Romania is emerging as a key destination for Turkish renewable energy investments, attracting growing interest from industrial and financial groups. Real grid connection opportunities for projects, infrastructure modernisation potential, and investment framework stability make Romania strategic for Turkish capital as Europe accelerates its transition to sustainable sources and energy independence.

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.

Energy

EU struggles to agree on climate targets, set to miss UN deadline

The European Union is at risk of missing a key United Nations deadline for submitting updated climate targets, as internal disagreements among member states delay a final decision on emissions goals for 2040.

POPULAR

Business

1 month

Cost remains main driver and biggest barrier in sustainability