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

Green Forum
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.

The cleanup process uses an innovative Romanian scientific method developed by researchers at the National Research & Development Institute for Pedology, Agrochemistry and Environmental Protection (ICPA) in Bucharest. The team created a formulation of natural microorganisms that can absorb hydrocarbons, boosting the soil's natural healing process and reducing remediation time.

"This area has held a decades-long historical role in the development of Constanța and has been a driver of economic growth. We aim to transform this place from a symbol of yesteryear's industry into a clean and modern urban regeneration project," said Raluca Munteanu, Development Manager at Iulius.

The contaminated site housed an oil depot with over 30 tanks containing petroleum products for about 80 years. The tanks, built around 100 years ago, were no longer technically viable for remediation. "The platform has been out of use for more than a decade now due to the incompatibility of these operations with the city center," explained Sorin Ciutureanu, General Manager of Oil Terminal.

Iulius invested over €420,000 in research infrastructure, including €300,000 for a laboratory at ICPA and €120,000 for a chemical testing laboratory at Ovidius University of Constanța. The bioremediation process includes soil treatment, physical isolation of contaminants, and groundwater purification. The future development, designed by Foster + Partners, will include cultural venues, retail spaces, offices, parks, and connectivity solutions to make Constanta an active destination year-round.

RECOMMENDED
What the surge in technical services demand means for property investments in 2026
Real estate

What the surge in technical services demand means for property investments in 2026

Andrei Ianculescu, Head of Project & Development Services at Cushman & Wakefield Echinox, talked to Property Forum about the expansion of design and ESG advisory services, the industrial and logistics sector's growth post-Schengen, and the importance of independent project management for tenant fit-outs. Ianculescu also emphasised the potential in secondary cities and the increasing relevance of aligning projects with sustainability standards.

BRD grants sustainable financing of €220 million in 2022
Business

BRD grants sustainable financing of €220 million in 2022

BRD – Groupe Société Générale granted sustainable financing of RON1.1 billion (€220 million) last year. BRD launched 2022 its first green lending products for individuals. Also, the BRD Group reduced its energy consumption by 12.5% compared to the previous year and the greenhouse gas emissions resulting from operations.

Transilvania Construcții invests in production of green energy
Energy

Transilvania Construcții invests in production of green energy

Transilvania Construcții plans to invest more than €10 million in the generation of green energy across all projects within its portfolio over the next five years. The first project that will produce green energy is TRC Park Cluj, where the estimated investment amounts to almost €1 million.

Schneider Electrics first Sustainability School opens for enrolment
Industry

Schneider Electric's first Sustainability School opens for enrolment

Schneider Electric, the leader in the digital transformation of energy management and automation, today announced that the Schneider Electric Sustainability School is open for enrolment. Free to access, the digital platform provides a range of interactive courses aimed at equipping companies and professionals with the knowledge and skills needed to improve their sustainability performance.

RECOMMENDED FROM THE HOME PAGE
Sustainability moves from ambition to action
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.

Finance

ProCredit Bank Romania launches CO2 calculator for SMEs

ProCredit Bank Romania has launched a CO2 Emissions Calculator to help microenterprises and small and medium-sized enterprises quantify and understand their carbon footprint. This initiative reflects the Procredit Group's commitment to achieve net-zero emissions by 2050, with client engagement at the core of its Climate Action Strategy.

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.

READ MORE
Green Forum  |  24 April, 2026 at 11:04 AM
Green Forum  |  14 April, 2026 at 8:46 AM