OMV invests €21 million to increase bio-blending levels
OMV Petrom has invested approximately €21 million in the Petrobrazi refinery in order to increase its bio-blending capacity.
The largest energy company in South Eastern Europe, supplies fuels with a volumetric bio-content of 6.5% in diesel and 8% in gasoline.
Following the investment, Petrobrazi has increased the blending capacity of bio-content in fuels from 200 kilotons to over 350 kilotons of biofuels per year.
“We are an energy company and we want to be part of the solution for a cleaner energy. We are investing in obtaining fuels with a high level of biofuel content, as well as in alternative solutions for mobility and in various others sustainable projects. It is a combined effort at all levels across our company, as we aim to reduce our carbon emissions by 27% by 2025 versus 2010,” said Radu Căprău, member of OMV Petrom executive board, responsible for downstream oil.
Petrobrazi has a total crude oil processing capacity of 4.5 million tons per year and, starting 2005, OMV Petrom has invested approximately €1.8 billion in the refinery.
Through sustained investments, OMV Petrom has reduced the carbon emissions of its operations by 22% in 2019 compared with 2010.
OMV Petrom is one of the first companies in Romania to sign the UN Global Compact.
The largest energy company in South Eastern Europe, supplies fuels with a volumetric bio-content of 6.5% in diesel and 8% in gasoline.
Following the investment, Petrobrazi has increased the blending capacity of bio-content in fuels from 200 kilotons to over 350 kilotons of biofuels per year.
“We are an energy company and we want to be part of the solution for a cleaner energy. We are investing in obtaining fuels with a high level of biofuel content, as well as in alternative solutions for mobility and in various others sustainable projects. It is a combined effort at all levels across our company, as we aim to reduce our carbon emissions by 27% by 2025 versus 2010,” said Radu Căprău, member of OMV Petrom executive board, responsible for downstream oil.
Petrobrazi has a total crude oil processing capacity of 4.5 million tons per year and, starting 2005, OMV Petrom has invested approximately €1.8 billion in the refinery.
Through sustained investments, OMV Petrom has reduced the carbon emissions of its operations by 22% in 2019 compared with 2010.
OMV Petrom is one of the first companies in Romania to sign the UN Global Compact.
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