Romanian oil and gas company OMV Petrom has secured financing of up to EUR 39 million under the National Recovery and Resilience Plan for the construction of a hydrogen production capacity at its Petrobrazi refinery.
The funding, provided as a grant, is part of a larger grant scheme totaling EUR 148.8 million, with the aim of promoting renewable hydrogen production in Romania. The project is expected to contribute to the country’s transition to a greener and more sustainable energy sector.
The financing agreement, signed with the Ministry of Energy, marks an important step in OMV Petrom’s efforts to embrace clean energy solutions and reduce carbon emissions. The company plans to invest a total of EUR 74 million in the construction of a 20 MW hydrogen production facility based on water electrolysis technology. The entire process will be powered by renewable energy sources, although it remains unclear whether OMV Petrom will utilize its own renewable energy capacities or source it externally from the market.
The project aligns with the objectives of the grant scheme, which aims to support the development of new installations for the production of hydrogen from renewable sources. By December 31, 2025, the goal is to achieve a minimum of 100 MW of renewable hydrogen production capacity through electrolysis plants, with an annual hydrogen output of at least 10,000 tons.
Hydrogen produced through water electrolysis has gained significant attention as a clean and versatile energy carrier. It can be used in various sectors, including transportation, industry, and power generation, with minimal environmental impact. By leveraging renewable energy sources for hydrogen production, OMV Petrom aims to contribute to the decarbonization of the refining process at the Petrobrazi refinery and support Romania’s efforts to reduce greenhouse gas emissions.
The construction of the hydrogen production facility at the Petrobrazi refinery is expected to have a positive impact on the local economy. It will create job opportunities during the construction phase and potentially contribute to the growth of the renewable energy sector in Romania. Additionally, the project will enhance the country’s energy security by promoting domestic production of clean hydrogen and reducing reliance on imported fossil fuels.
The final investment decision for the project is scheduled for 2024, with completion anticipated in 2025. OMV Petrom’s initiative represents a significant step toward a sustainable energy future in Romania, demonstrating the company’s commitment to embracing cleaner technologies and reducing its environmental footprint.
