OMV Petrom (BVB: SNP) has signed a new purchase contract for pre-treated used cooking oil with Astra Bioplant of Bulgaria, a company part of the Bulmarket group owned by Bulgarian businessman Stanko Stankov, SNP announced in a note to investors.\u00a0<\/p>\n
In June 2024, OMV Petrom signed a similar contract with Romanian edible oil producer Expur.<\/p>\n
The Romanian company thus secured more than 80% of the feedstock for the first eight years of production at the SAF\/HVO plant during the execution phase.<\/p>\n
In February this year, OMV Petrom started construction of new facilities at its Petrobrazi refinery to produce sustainable aviation fuel (SAF) and biodiesel (hydrotreated vegetable oil, HVO), the company announced.<\/p>\n
The EUR 750 million investment will give OMV Petrom an annual production capacity of 250,000 tonnes, making it the first major producer of sustainable fuels in Southeast Europe.<\/p>\n
The contract with Bioplant was concluded for a period of five years, with the possibility of an extension for three additional years, with deliveries to begin in 2028.\u00a0<\/p>\n
Pre-treated used cooking oil is the raw material for producing sustainable aviation fuel (SAF), which will be processed in the SAF\/HVO plant currently under construction at the Petrobrazi refinery.\u00a0<\/p>\n
Pricing is based on a formula that is indexed to an international quotation.\u00a0<\/p>\n
The maximum total quantity of the contract is 0.6 million tonnes, with an estimated value of over EUR 700 million at current market quotations. \u00a0\u00a0<\/p>\n
Astra Bioplants Ltd is a Bulgarian company, the largest producer of biodiesel in the region, and a longtime partner of OMV Petrom.<\/p>\n
(Photo: Brand portal OMV Petrom)<\/em><\/p>\n iulian@romania-insider.com<\/em><\/p>","protected":false},"excerpt":{"rendered":" OMV Petrom (BVB: SNP) has signed a new purchase contract for pre-treated used cooking oil with Astra Bioplant of Bulgaria, a company part of the Bulmarket group owned by Bulgarian businessman Stanko Stankov, SNP announced in a note to investors.\u00a0 In June 2024, OMV Petrom signed a similar contract with Romanian edible oil producer Expur. […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5545","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/5545","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5545"}],"version-history":[{"count":0,"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/5545\/revisions"}],"wp:attachment":[{"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}