Business | 18 June, 2024 at 7:00 AM
OMV Petrom to invest €2 billion by 2030 in Petrobrazi refinery
The refinery currently supplies around 30% of Romania's fuel needs and will continue to play a key role in the transport sector.
The refinery currently supplies around 30% of Romania's fuel needs and will continue to play a key role in the transport sector.
Romanian brewing companies have invested in advanced wastewater treatment plants to treat and reuse water and reduce the pollution load on local water bodies.
This campaign reflects their commitment to achieving climate neutrality across their entire business by 2040.
The project is located in Buzău County and the first phase, which will last until 2025, will see the installation of 30 Vestas wind turbines.
Engie Romania, together with EFdeN, launched the Sustainable Prosumer Guide, a set of recommendations for becoming a sustainable prosumer.
Premier Restaurants Romania, the operator of the McDonald's restaurant chain in Romania, has published its sustainability report for the year 2023.
OMV Petrom will invest approximately €750 million at Petrobrazi to transform the refinery into the first major producer of sustainable fuels in the region.
Visual Fan in association with Waldevar Energy, announced the signing of a contract with Rondocarton S.R.L. for the implementation of a 1 MWp Full EPC project.
Battery-electric buses reached 36% of new city bus sales in 2023 in the EU, overtaking diesel as the main bus fuel type for the first time.
DS Smith has achieved a major environmental milestone by replacing over 1.2 billion pieces of plastic with eco-friendly alternatives.
Around 160,000 tonnes of textile waste are thrown away in Romania every year.
Urgency is one of the biggest challenges in implementing sustainability strategies.
The European Commission has approved an Italian scheme to support a total of 4590 MW of new capacity for electricity production from renewable energy sources.
New rules have been approved to completely ban dental amalgams, which contain mercury, and to prohibit the manufacturing, import, and export of other mercury-added products.
Visual Fan SA announced the completion of two key projects for important private companies in Romania in a very short period.
The future of ESG (Environmental, Social, and Governance) in Romania appears promising.
Amazon will enable 12 new renewable energy projects in Spain, with a combined capacity of 596 MW.
Europe will need to modernize its distribution grids to enable widespread electrification of transport, heating, and industry.
Nestlé has pledged to decrease its greenhouse gas (GHG) emissions by 20% by 2025, halve them by 2030, and attain net zero by 2050.
The total added value generated by the Group and its collaborating franchisees reached €2.1 billion in 2023, marking a 30% increase from 2022.
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.
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.
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 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.
Solar power has rapidly risen to become Hungary's second-largest source of electricity, overtaking gas for the first time in 2024.
