OMV Petrom secures raw materials for production of sustainable fuels

OMV Petrom has concluded a contract with Expur for the supply of fully refined vegetable oil.
It will be used as feedstock in the Petrobrazi refinery's sustainable aviation fuel (SAF) and renewable diesel (HVO) production facility, for which the company recently made final investment decision.
The contract was concluded for a period of six years, with the possibility of extension for additional two years, with deliveries to begin in 2028.
Expur will supply a maximum total quantity of 0.7 million tons, with an estimated value of over €750 million, depending on the ordered quantity. The price is based on a formula that is indexed to an international quotation.
Radu Căprău, member of the OMV Petrom executive board responsible for refining and marketing, said: "We are always looking for solutions for low-carbon emissions transportation, so as to remain our customers’ preferred choice in the future.
“Alongside electro-mobility, biofuels are our answer to this challenge. Through the contract with Expur, we are securing part of the raw material to produce diesel from renewable sources, thus progressing towards our ambition to become the first major producer of renewable fuels in the region."
Nikolay Belchev, CEO Expur, added: "In Expur, we frame our projects and investments on providing people with healthier food, protecting nature and supporting the circular economy.
“Last year we started up the engines of a cogeneration plant, a €15.5 million investment where we use the husks from sunflower seeds hulls to generate the electricity and steam needed to run our Slobozia factory. We are the largest employer in Slobozia and we continue to develop strategic partnerships such as the one with OMV Petrom to support our long-term vision of becoming a leader in providing people with healthy food and renewable energy through excellence and innovation for a clean future."