OMV Petrom, the largest integrated energy producer in Southeastern Europe, has announced the signing of two financing contracts through the NRRP for the construction of two green hydrogen production facilities at the Petrobrazi refinery. With a combined capacity of 55 MW, these facilities represent a significant step towards promoting sustainable practices in the energy sector. The contracts, valued at EUR 50 million, were secured in collaboration with the Romanian Ministry of Energy, with the total investment estimated at EUR 140 million. This funding follows the reopening of a competitive call for projects supporting investments in green hydrogen, underscoring OMV Petrom’s commitment to advancing renewable energy initiatives.
Christina Verchere, CEO of OMV Petrom, emphasised the company’s dedication to supporting the energy transition in Romania and the wider region. With investments of approximately EUR 11 billion planned by 2030, of which 35 percent will support low- and zero-carbon projects, OMV Petrom is actively contributing to a sustainable future. Radu Căprău, a member of OMV Petrom’s executive board responsible for refining and marketing, expressed pride in the company’s role as a pioneer in green hydrogen production in Romania. By leveraging renewable energy sources, these projects at the Petrobrazi refinery mark significant progress towards sustainable refining activities.
The construction projects entail the development of two water electrolysis plants with capacities of 35 MW and 20 MW, respectively. Powered entirely by renewable energy, the production process will be carbon-free, enabling the classification of the obtained hydrogen as green hydrogen. It is estimated that the annual production from these projects will reach approximately 8 kilotons of green hydrogen. Integrating green hydrogen into the production of green fuels, such as sustainable aviation fuel and biodiesel, will result in a minimum 70 percent reduction in CO2 emissions compared to conventional fuels.
Currently in the engineering phase, the projects are on track to reach a final investment decision in 2024. With these initiatives, OMV Petrom is poised to play a leading role in driving the transition towards a sustainable energy landscape in southeastern Europe.
For more information visit www.omvpetrom.com
