OMV Petrom invests €750 mn in sustainable fuels plant

OMV Petrom will invest approximately €750 million at Petrobrazi to transform the refinery into the first major producer of sustainable fuels.

The company has made the final investment decision to build a SAF/HVO facility along with two facilities for green hydrogen which will be used in the production of biofuels.

The investments for this unit amount to €560 million. The plant will have a production capacity of 250 kt/year of SAF and HVO, as well as by-products like bio-naphtha and bio-LPG, which are used in the chemical industry.

The high flexibility of the installation allows adjusting the products mix according to market demand and the available feedstock mix. The plant will have an annual consumption of about11 kt of hydrogen, most of which will be provided by the two new green hydrogen production units.

The investment for the two green hydrogen units is estimated at about €190 million, of which up to €50 million is from European funds, through the National Plan for Recovery and Resilience (NPRR). OMV Petrom and the Ministry of Energy signed the financing contracts at the beginning of this year.

The two units will have a total capacity of 55 MW, with a total annual production of green hydrogen estimated at around 8 kt. Integrating green hydrogen into sustainable fuels, such as sustainable aviation fuel and renewable diesel, will result in at least a 70% reduction in CO2 emissions compared to conventional fuels.

Petrobrazi is the first refinery in the country certified to produce SAF and HVO through the co-processing of biological raw materials.