With an annual capacity of 250,000 tons, this unit will establish OMV Petrom as the first major producer of sustainable fuels in Southeast Europe.
By integrating SAF and HVO production into an existing refinery, the facility will enhance the infrastructure for fuel manufacturing, storage, and distribution.
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.
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.
CMS has provided legal counsel to DRI in relation to the physical power purchase agreements (PPAs) concluded with OMV Petrom for three solar projects.
OMV Petrom, the largest integrated energy producer in Southeastern Europe, will test a new carbon capture and utilization technology at the Petrobrazi refinery, starting in June.
Through the bill voted today, Romania has taken an important step towards promoting renewable energy in the country.
Public Power Corp (PPC), based in Greece, has completed the acquisition of the 84 MW wind farm owned by Lukoil in Romania.
The European Union has reached a provisional agreement to reduce the scope and stringency of two major ESG regulatory frameworks: Corporate Sustainability Reporting Directive (CSRD) and Corporate Sustainability Due Diligence Directive (CSDDD).
Lidl Romania has published its eighth sustainability report for the 2024 financial year, announcing accelerated progress in reducing environmental impact. The retailer has achieved its international 2030 target for transitioning to natural refrigerants, with these now used in 100% of logistics centres and 81.7% of stores, compared to the original goal of 100% of logistics centres and 40% of stores. The company has also increased its green energy usage to 80% of total consumption.
Global law firm Dentons has advised OX2 on acquiring three wind power projects totaling 235 MW in Romania from Future Power. The projects, located in Vaslui and Vrancea counties, are expected to be commissioned between 2028 and 2030, subject to permitting.
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.
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.
