OMV Petrom to invest EUR 3.7 bln in low-carbon business lines by 2030
<p>OMV Petrom (BVB: SNP) will dedicate one-third of its EUR 11 billion investments planned by 2030 to five low-carbon business lines, which are intended to reach 15% of the company’s EBIT consequently, company’s CEO Christina Verchere said in an interview with <a href="https://www.zf.ro/burse-fonduri-mutuale/interviu-zf-christina-verchere-ceo-omv-petrom-intrat-perioada-cele-22363923?mc_cid=b8387fd823&amp;mc_eid=cd1f92f96c" rel="noopener" target="_blank">Ziarul Financiar</a>.</p>

<p>The five low-carbon business lines are green electricity generation, biofuel production, development of infrastructure for alternative mobility, carbon capture and storage, and hydrogen production.</p>

<p>Verchere confirmed that the company will invest RON 8 billion (EUR 1.6 billion) annually in the next three years.</p>

<p>The company’s market capitalization reached RON 43 billion (EUR 8.6 billion) after its shares rose by 42% y/y – compared to the 39% y/y advance of the blue chips’ index BET.</p>

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

<p><em>(Photo source: the company)</em></p>