OMV Petrom to construct two green hydrogen production facilities

OMV Petrom signed two financing contracts through the National Recovery and Resilience Plan (NRRP) for the construction of two production facilities for green hydrogen. 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. The projects consist of building two water electrolysis plants of 35 MW and 20 MW at the Petrobrazi refinery. The entire production process will be powered by renewable energy, therefore carbon-free, allowing the hydrogen obtained to be classified as green hydrogen. The annual amount of green hydrogen to be produced by the two projects has been estimated at approximately 8 kilotons.