OMV Petrom signs long-term contract for sustainable fuels with Expur

Green Forum

28 June, 2024 at 9:33 AM

OMV Petrom SA has signed a six-year contract with Expur to purchase fully refined vegetable oil, with the option to extend the agreement for an additional two years.

Deliveries are set to begin in 2028. This vegetable oil will be a raw material for producing renewable diesel (HVO - Hydrotreated Vegetable Oil) at a new HVO/SAF plant in the Petrobras refinery. The company finalized the investment decision for this plant in June 2024. The pricing will follow an international index formula.

The contract covers over 0.7 million tonnes of vegetable oil, with an estimated value exceeding €750 million, based on the quantities ordered. At least 50% of the vegetable oil will be sourced from Romania, ensuring a sustainable supply chain from production to market.

Export, a Romanian company, is part of the Avril Group, one of Europe's largest producers of vegetable oil and biodiesel.

OMV Petrom to supply sustainable aviation fuel

OMV Petrom and TAROM announced the signing of a contract for the supply of sustainable aviation fuel (SAF), a first for Romanian aviation.

Energy

OMV Petrom acquires 50% of Electrocentrale Borzești

OMV Petrom, the largest integrated energy producer in Southeastern Europe, completed the acquisition of 50% of the shares of Electrocentrale Borzești from RNV Infrastructure.

Energy

OMV Petrom buys solar projects in Romania

OMV Petrom, closed the acquisition of several photovoltaic projects from the Danish company Jantzen Renewables ApS.

Energy

OMV Petrom to acquire wind and solar projects in Southern Romania

The Romanian Competition Council will analyze the transaction through which OMV Petrom SA intends to acquire, together with RES Terranet Holding SRL, the companies Tenersolar Park SRL, Enerintens Solar SRL, and CIL PV Plant SRL.

Business

OMV Petrom invests in high-efficiency installations to reduce energy consumption

OMV Petrom is implementing measures to reduce its GHG emissions footprint by transitioning from non-renewable energy sources to renewable energy sources.

Energy

OMV Petrom aims for a significant boost in clean energy by 2030

OMV Petrom announced a revision of their 2030 strategy, focusing on a bigger push for renewable energy, sustainable fuels, and making electric vehicles more accessible.

Business