Tag: OMV Petrom

OMV Petrom invests $24.8M to increase biofuels blending capacity

OMV Petrom invests $24.8M to increase biofuels blending capacity

November 19, 2020 |

In Romania, OMV Petrom, the largest energy company in Southeastern Europe, invested approximately $24.8 million (EUR 21 million) at Petrobrazi refinery in order to increase the bio-blending capacity and improve infrastructure for the transport, unloading and storage of bio-components within the refinery. OMV Petrom supplies fuels with a volumetric bio-content of 6.5% in diesel and […]

Read More

Romanian oil giant looking to invest $291M in 2G ethanol plant

Romanian oil giant looking to invest $291M in 2G ethanol plant

November 12, 2020 |

In Romania, Economica.net reports the country’s main energy player OMV Petrom is looking to invest $291 million in a second-generation ethanol plant, allowing it to secure 35% of the total investment in European grant funding. The facility is expected to be co-located or located nearby the company’s existing oil extraction and refining facilities in Prahova […]

Read More