OMV Petrom, the largest energy company in Southeastern Europe, has invested approximately 21 million euros at the Petrobrazi refinery in order to increase the bio-blending capacity and to improve the infrastructure for the transport, unloading and storage of bio-components within the refinery.
OMV Petrom supplies fuels with a volumetric bio-content of 6.5 per cent in diesel and 8 per cent in gasoline.
Following this investment, Romania’s Petrobrazi has increased the blending capacity of bio-content in fuels from 200 kilotons to approximately 350 kilotons of bio-fuels per year. As per European regulations, the renewable energy content in transportation fuels must increase from 10 per cent in 2020 to 14 per cent in 2030, in order to support the reduction targets of greenhouse gas emissions arising from transportation. Bio-quota targets are set as energetic substitution targets, whereby each fuel has a different energy content defined.
“We are an energy company and we want to be part of the solution for a cleaner energy,” said Radu Căprău, member of OMV Petrom Executive Board, responsible for Downstream Oil. “We are investing in obtaining fuels with a high level of biofuel content, as well as in alternative solutions for mobility and in various other sustainable projects. It is a combined effort at all levels across our company, as we aim to reduce our carbon emissions by 27 per cent by 2025 versus 2010.”
Petrobrazi has a total crude oil processing capacity of 4.5 million tons per year and, starting in 2005, OMV Petrom has invested approximately 1.8 billion euros in the refinery. One-third of this investment contributed to the reduction of the environmental impact.
Through sustained investments, OMV Petrom has reduced the carbon emissions of its operations by 22 per cent in 2019 compared to 2010 and it was one of the first companies in Romania to sign the UN Global Compact, since 2013.