Tuesday, August 4, 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

Montenegro’s clean growth after COVID-19

A 50mln euros loan from the EBRD will help to ensure the stability and resilience of Montenegro’s energy provision while simultaneously protecting the achievements made in its ambitious clean growth and decarbonisation agenda.

EBRD’s latest loan to increase Ukraine’s natural gas production

A 51.9 million euros sovereign loan to Ukraine’s largest natural gas producer will increase domestic natural gas production and reduce the country’s dependency on imports.

International recognition of ELES’ innovative smart networks

ELES is the recipient of the Award of Excellence in the field of innovation, integration and smart grid system transformations with the NEDO project consortium and the FutureFlow project.

INA: oil and gas industry far from full recovery

With the easing of restrictive measures connected to COVID-19 pandemic, the global oil market has stabilised, but the oil and gas industry is far from full recovery.