REG - OMV Petrom S.A. - EUR 130 mn investment for new aromatics unit

OMV Petrom SAAnnouncement

12/10/2022 09:00

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RNS Number : 6287C  OMV Petrom S.A.  12 October 2022

 

 

 

 

 

OMV Petrom S.A.

Investor News

12 October 2022

 

OMV Petrom: investment of EUR 130 million at Petrobrazi refinery to build new
unit of aromatic products

 

►  The new unit of aromatics product will deliver processes and products
with low environmental impact at modern BAT (Best Available Technology)
operating standards

►  By putting the new unit into operation, the production capacity of
aromatic products will double, from around 50 kt/year, to around 100 kt/year,
starting 2026

 

OMV Petrom, the largest integrated energy company in South-Eastern Europe,
invests approximately EUR 130 million in the next 3 years to build a new unit
of aromatic products at Petrobrazi refinery. The unit will function at modern
BAT (Best Available Technology) operating standards with low environmental
impact. The processing capacity of the new unit is about 1,500 tons/day of
reformed gasoline.

Radu Căprău, member of the OMV Petrom Executive Board responsible for the
Refining and Marketing activity: "The demand for gasoline continues to be
robust in Southeastern Europe. In parallel with the development of our offer
for alternative mobility products, we want to provide our customers with the
products they need, at high environmental standards. Other significant
investments will follow at Petrobrazi, both in the technological efficiency of
the refinery as well as in the production of second-generation biofuels."

The process of replacing the existing aromatic products unit will be carried
out between 2023 and 2025. The aromatic products currently functioning at
Petrobrazi Refinery was put into production in 1961. This is the only facility
within a Romanian refinery that can ensure gasoline at European standards.

The new unit of aromatic products will be put into operation in 2026. It will
ensure continuity of production of gasoline with a volumetric benzene content
of less than 1%, according to current European standards. At the same time, a
larger amount of toluene will be possible to obtain from the process of
gasoline production. Toluene can be used to obtain commercial gasoline with
improved octane number, but it can also be used as a solvent in the chemical
industry to obtain paints, adhesives or in processes for obtaining leather
products.

The Petrobrazi refinery has a total crude oil processing capacity of 4.5
million tons per year. Since 2005, OMV Petrom has invested approximately EUR
1.8 billion in the refinery, with a third of this investment contributing to
reducing the environmental impact.

 

 

 

 

About OMV Petrom

 

OMV Petrom is the largest integrated energy company in South-Eastern Europe,
with an annual Group hydrocarbon production of approximately 47 million boe in
2021. The Group has a refining capacity of 4.5 million tons annually and
operates an 860 MW high-efficiency power plant. The Group is present on the
oil products retail market in Romania and neighboring countries through
approximately 790 filling stations under two brands - OMV and Petrom.

OMV Petrom shares are traded on the Bucharest Stock Exchange and the London
Stock Exchange. OMV Aktiengesellschaft, one of the largest listed industrial
companies in Austria, holds a 51% stake in OMV Petrom. The Romanian State,
through the Ministry of Energy, holds 20.6% of OMV Petrom shares, and 28.4% is
owned by natural and legal persons.

OMV Petrom is the largest contributor to the state budget, with approximately
35 billion euro in taxes and dividends paid between 2005 and 2021. During the
same period, the company invested approximately 17 billion euro.

Since 2007, OMV Petrom has included corporate responsibility principles into
its business strategy. Between 2007 and 2021, the company has allocated over
80 million euro to develop communities in Romania, focusing on environmental
protection, education, health, and local development.

On July 29th, 2020, OMV Petrom announced its support for the recommendations
issued by the Task Force on Climate-related Financial Disclosures (TCFD)
regarding risks and opportunities on climate change.

 

Contact:

OMV Petrom Investor Relations

Tel: +40 372 161930, Fax: +40 372 868518

e-mail: investor.relations.petrom@petrom.com
(mailto:investor.relations.petrom@petrom.com)

 

 

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