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.

Kaufland Romania invests €9 million in projects for the community
Industry

Kaufland Romania invests €9 million in projects for the community

Last year, Kaufland Romania was involved in the development and implementation of social responsibility projects worth €9 million, including two financing programs through which Kaufland offers non-refundable grants to non-governmental organizations. The company states that it is among the biggest supporters of NGOs that fight for causes such as health, environmental protection, education, healthy living, and sports or culture.

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
Microsoft hits 100% renewable energy target five years early
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.

Real estate

How is EU real estate navigating the CSRD changes? Take our survey

The recent weakening of the CSRD may have some real estate developers cheering the compliance rollbacks, but the consequences could be complicated. A new research survey examines how EU real estate firms are navigating changes to the CSRD, and what that could mean for upcoming SFDR revisions.

Energy

Waldevar Energy builds utility-scale PV parks in Romania

Waldevar Energy has begun construction on two utility-scale photovoltaic parks for Doral Energy in Tudor Vladimirescu (Brăila County) and Ștefan Vodă (Călărași County), Romania. The projects will deliver 14 MWp of installed capacity using around 25,000 photovoltaic panels.

Industry

Lidl Romania exceeds 2030 sustainability targets early

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.

READ MORE
Green Forum  |  19 February, 2026 at 10:24 AM
Green Forum  |  5 February, 2026 at 11:47 PM