Tuesday, October 20, 2020
Home Climate OMV Petrom reduced GHG emissions by 22%

OMV Petrom reduced GHG emissions by 22%

OMV Petrom, the largest integrated energy company in Southeastern Europe, continued its investments in decreasing greenhouse gas (GHG) emissions resulting in a reduction by 22 per cent compared to 2010, according to the Sustainability Report for 2019.

“The world is going through an unprecedented crisis, which has occurred at a time of profound transformation for the energy sector,” commented Christina Verchere, CEO of OMV Petrom. “In the context of the climate change agenda and the European Green Deal, we, at OMV Petrom, aim to be part of the solution for the energy transition. And we do so by fulfilling our mission of providing energy for Romania, in a cleaner and sustainable manner.”

Last year, OMV Petrom commissioned several large projects which, through the use of innovative and state-of-the-art technologies, have contributed to improving the environmental footprint. These include the Polyfuels unit at the Petrobrazi refinery and the Hurezani gas hub in Asset Oltenia, with total investments of 115 million euros.

Moreover, in 2019, the total amount of water withdrawal decreased by 55 per cent compared to 2010 and 53 per cent of the total waste generated was recycled. One of the projects successfully implemented last year is the modernisation of the water station in Săcuieni, which currently provides fully automatic control of water flow, in order to prevent losses. 

The company continued its efforts to minimise its impact on the environment, with total investments of over 214 million euros for the environment. 

Most Popular

Russia’s TVEL completes development of the new nuclear fuel modification for Hungary’s Paks NPP

TVEL has completed the project of development and validation of the new nuclear fuel modification for the VVER-440 reactors operated at the Paks NPP in Hungary. It will increase the efficiency of fuel usage and advance the economic performance of the power plant operation.

Comprehensive national policies key for CEE to take advantage of the energy transition

Michał Motylewski from Dentons writes about how CEE countries made insufficient use of the National Energy and Climate Plans. Where policies today are fragmented, they need to be aligned and supplemented.

PGNiG to join the European Clean Hydrogen Alliance

PGNiG is joining the newly launched European Clean Hydrogen Alliance, which offers new opportunities for advancing green hydrogen technologies and a direct influence on EU regulations in this area.

Multi-partner platform launched for the transformation of coal regions in the Western Balkans and Ukraine

The World Bank, the EBRD, the European Commission, the Energy Community Secretariat and the Government of Poland joined forces for an initiative that provides dedicated help for coal-dependent regions in the Western Balkans and Ukraine.