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OMV invests €21 million to increase bio-blending levels

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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.