OMV Petrom Secures NPRR Funding for Green Hydrogen Production in Romania
- The financing contract is worth up to EUR 39 million, with a total investment estimated at EUR 74 million.
- The project will establish a 20 MW hydrogen production capacity at the Petrobrazi refinery.
- The hydrogen production will generate over 2,600 tons of green hydrogen annually, reducing CO2 emissions by 70%.
- The final investment decision is expected in 2024, with project completion in 2025.
Project Overview
OMV Petrom has signed a financing contract through the National Plan for Recovery and Resilience to construct a hydrogen production facility at the Petrobrazi refinery in Romania. The contract, signed with the Ministry of Energy, is valued at up to EUR 39 million, with the total investment estimated at EUR 74 million.
Hydrogen Production Capacity
The project will establish a 20 MW hydrogen production capacity using water electrolysis, powered entirely by renewable energy. This process will ensure that no CO2 emissions are generated during the separation of oxygen and hydrogen molecules.
Environmental Impact
The facility is expected to produce over 2,600 tons of green hydrogen annually. The integration of this green hydrogen will lead to a reduction of at least 70% in CO2 emissions across the entire production value chain of sustainable fuels compared to conventional fuels.
Timeline and Next Steps
OMV Petrom will initiate a public tender for the purchase of the electrolyzer in the near future. The final investment decision is anticipated in 2024, with the completion of the project expected by 2025.