REG - OMV Petrom S.A. - OMV Petrom - start of SAF production at Petrobrazi

OMV Petrom SAAnnouncement

23/06/2022 09:45

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RNS Number : 9502P  OMV Petrom S.A.  23 June 2022

OMV Petrom S.A.

Investor News

June 23, 2022

 

 

OMV Petrom will start the production of sustainable aviation fuel at
Petrobrazi

 

►  Petrobrazi to be the first refinery in Romania to produce sustainable
aviation fuel (SAF)

►  The SAF volumes produced at the Petrobrazi refinery can help reduce the
CO2 emissions from commercial flights by about 70%, compared to conventional
fuel

 

OMV Petrom, the largest integrated energy company in Southeastern Europe, will
produce sustainable aviation fuel at the Petrobrazi refinery by co-processing
locally produced rapeseed oil. The first test run volumes are estimated for
July, this year. The product will help reduce the CO2 emissions from
commercial flights.

Radu Căprău, member of the Executive Board responsible for Refining &
Marketing: "The production of SAF is part of our strategic objectives and we
believe that it will become the main alternative for achieving the climate
objectives of the aviation industry. Our goal is that, in 2030, to have an
annual combined production of SAF and HVO (hydrotreated vegetable oil) of
about 450 thousand tons."

This test run was based on a successfully completed first rapeseed oil
co-processing pilot at the Petrobrazi refinery, performed in July 2020. OMV
Petrom was certified as an HVO producer based on the CERTROM audit, in
accordance with the requirements of the International Sustainability and
Carbon Certification (ISCC-EU) voluntary scheme. This is a system recognized
by the European Commission for the certification of sustainable materials that
comply with the legal requirements of the Directive on the promotion of the
use of Energy from Renewable Sources (RED). The use of HVO reduces the CO2
emissions by at least 65% compared to conventional diesel.

Petrobrazi will thus become the first ISCC certified refinery in the country
to produce SAF and HVO by co-processing raw materials of a biological nature.
The SAF volumes produced at the Petrobrazi refinery for commercial flights
will help reduce the CO2 emissions by about 70% compared to the conventional
fuel.

At the same time, the company aims to increase the production capacities in
the future, in order to produce advanced sustainable fuels based on various
waste feedstocks (i.e. used cooking oil).

To meet the Green Deal climate goals, the European Commission's current plan
includes the use of at least 63% SAF out of the aviation fuel demand by 2050
for EU air transport. Sustainable fuels will play a major role in
decarbonizing this sector.

Romania is one of the largest producers of rapeseed in the European Union,
ranking 4(th) in 2021. According to the National Institute of Statistics, most
of the production is exported as raw material (seeds), only a part of the
quantities obtained being recovered internally. By using locally obtained
rapeseed oil in the production of sustainable fuels for aviation, we
contribute to the expansion of the rapeseed value chain in Romania.

 

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 more
than 780 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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