OMV Petrom lands government financing for $152M 55MW green hydrogen facilities

In Romania, OMV Petrom, the largest integrated energy producer in Southeastern Europe, announces the signing of two financing contracts through the National Recovery and Resilience Plan, for the construction of two production facilities for green hydrogen with a total capacity of 55 MW at the Petrobrazi refinery. The contracts were signed with the Romanian Ministry of Energy for a maximum funding amount of EUR 50 million; the total investment is approximately EUR 140 million.  

The funding was obtained following the reopening, in July 2023, of the competitive call for projects supporting investments in green hydrogen, initially launched in 2022.