OMV Petrom secures its raw material for the production of sustainable aviation fuel.
OMV Petrom, the largest integrated energy producer in Southeastern Europe, concluded a contract with Expur S.A. 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.
According to the contract, Expur will supply a maximum total quantity of 0.7 million tons, with an estimated value of over EUR 750 mn, depending on the ordered quantity. The price is based on a formula that is indexed to an international quotation.
Radu C?pr?u, member of the OMV Petrom Executive Board responsible for Refining and Marketing:
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.”
Expur S.A. is a Romanian company, part of the Avril Group, one of the largest producers of vegetable oil and diesel from renewable sources in Europe.
Nikolay Belchev, CEO Expur S.A.:
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 EUR 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.”
At least 50{c431b1036349617aea55b35aa92592c3cb3fecc7f94273a754a3b674e9a603ce} of the contracted amount of fully refined vegetable oil under this partnership comes from Romania, thus ensuring a sustainable flow along the entire supply chain, from production to placing the product on the local market.
OMV Petrom plans to invest around EUR 1 bn for the decarbonization of transport in Romania, of which approximately EUR 750 mn will be for the construction of a SAF/HVO facility and two green hydrogen facilities within the Petrobrazi refinery.
Last year, OMV Petrom acquired a 50{c431b1036349617aea55b35aa92592c3cb3fecc7f94273a754a3b674e9a603ce} stake in “Respir? Verde”, a leader in the collection of used cooking oil in Romania to ensure a source of raw materials to produce biofuels. “Respir? Verde” collects up to 10 kt of used edible oil per year from economic agents in fields such as the hospitality industry (hotels, restaurants) and retail.
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OMV Petrom secures its raw material for the production of sustainable aviation fuel. source