OMV Petrom signs EUR 700 mln contract for pre-treated used cooking oil to process after 2028
<p>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.&nbsp;</p>

<p>In June 2024, OMV Petrom signed a similar contract with Romanian edible oil producer Expur.</p>

<p>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>

<p>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>

<p>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>

<p>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.&nbsp;</p>

<p>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.&nbsp;</p>

<p>Pricing is based on a formula that is indexed to an international quotation.&nbsp;</p>

<p>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. &nbsp;&nbsp;</p>

<p>Astra Bioplants Ltd is a Bulgarian company, the largest producer of biodiesel in the region, and a longtime partner of OMV Petrom.</p>

<p><em>(Photo: Brand portal OMV Petrom)</em></p>

<p><em>iulian@romania-insider.com</em></p>