OMV Petrom Secures Placement of Part of Future Biofuels Production Starting 2028
Published by Teresa on June 25, 2026
OMV Petrom SA concluded a sales contract with OMV Downstream GmbH, a fully owned subsidiary of OMV AG, for part of the Sustainable Aviation Fuel (SAF) and Hydrotreated Vegetable Oil (HVO) to be produced in Petrobrazi refinery.
The contract was concluded for a period of five years, with the possibility of extension for five additional years, with deliveries to begin in 2028. Pricing is based on a formula that is indexed to international quotations and transaction details follow arm’s length principles.
>> In Other News: Axpo Conducts Its First Bio-LNG Refueling of MOL Vessel in Barcelona
The maximum total quantity of the contract is 360,000 metric tons, of which at least 200,000 metric tons SAF, with an estimated total value of over EUR 800 million at recent market quotations.
This transaction allows OMV Petrom to maintain flexibility to capture additional opportunities on the Romanian market and in the region, while securing the placement of part of its future biofuels production toward additional airports in Central and Eastern Europe. The company will continue to be one of the largest SAF suppliers for airports in Romania.
OMV Petrom’s SAF/HVO program currently in execution at Petrobrazi involves total investments of EUR 750 million, of which EUR 560 million for the construction of the SAF/HVO unit and EUR 190 million for the two green hydrogen production facilities. The new SAF/HVO unit, with an annual capacity of 250,000 tons, has more than 80% of feedstock secured for the first 8 years.
Subscribe to the newsletter
Daily decarbonization data and news delivered to your inbox
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Latest issues
-
380 MW of AI Power, Powered by Fuel Cells
Inside This Issue ⚡ FuelCell Energy and Fit Energy Announce Strategic Agreement for Up to 380 MW of Clean Power for Data Centers 🧭 China's Renewable Energy Mandates Set the Stage for Expanded Hydr...
-
250,000 Tonnes of CO2: One Shipping Deal
Inside This Issue 🚢 Fortescue and CMB.TECH Sign Milestone Agreement for 12 Ammonia Bulkers to Accelerate Zero-Emissions Shipping 🌱 Mati Carbon Hits New Bar for Carbon Removal Certification With Is...
-
$915 Million Says Carbon Removal Isn't Slowing Down
Inside This Issue 🌐 Frontier Secures $915 Million From Google, Anthropic and Tech Buyers to Scale Permanent Carbon Removal 🧪 IEA Cuts 2030 Clean Hydrogen Outlook by 40% as Investment Stalls 🦘 Aust...
Company Announcements
-
re.green and Novo Nordisk Announce Long-term Amazon Restoration Agreement
20-year partnership to restore 500 hectares of native forest and generate 87,000 carbon removal credits Winner of The Earthshot Prize for 2025 – Protect and Restore Nature – re.green’s unique ...
-
dynaCERT Inc. (TSX: DYA) (OTCQB: DYFSF) (FRA: DMJ) ("dynaCERT" or the "Company") is pleased to announce that, resulting from the continuation of its market entry strategy including multiple pilot p...
-
Canada Bankrolls Almost $973,000 for ASEAN Carbon Capture
Jakarta. Canada is bankrolling ASEAN’s efforts to be able to store its massive emissions as Southeast Asia seeks to pivot to a low-carbon economy. Carbon capture, utilization, and storage (CCUS) t...
-
OMV Petrom Secures Placement of Part of Future Biofuels Production Starting 2028
OMV Petrom SA concluded a sales contract with OMV Downstream GmbH, a fully owned subsidiary of OMV AG, for part of the Sustainable Aviation Fuel (SAF) and Hydrotreated Vegetable Oil (HVO) to be pro...