Deloitte Romania has gone ahead and supported OMV Petrom, the largest integrated energy producer in Southeastern Europe, in the elaboration and execution of two strategic projects funded through the National Recovery and Resilience Plan – NRRP, that will assist in the development of a 55MW green hydrogen production capacity at the Petrobrazi refinery.
The projects are aimed at developing one of the most important renewable hydrogen production capacities in Romania, for use in the manufacture of sustainable fuels such as aviation fuel – SAF and hydrotreated vegetable oil – HVO.
The investments, through the integration of these technologies, in addition to the 55MW green hydrogen production, will help to produce alternative fuels with lower emissions than traditional fuels and enhance the value chain of the green economy in an effort to speed up the energy transition.
The Deloitte Romania team offered integrated support during the whole process, related to non-reimbursable funding, including the planning and submission of applications and comprehensive support throughout the evaluation and contracting process, in addition to multidisciplinary consulting services throughout the execution stage and oversight of the awarding procedures and contracts, in an effort to meet the stringent requirements of these significant investments. The team at Deloitte Romania on the projects consisted of Alexandru Reff and Ovidiu Popescu, partners – Livia Kicsi and Adrian Coman, Senior Managers, Adriana Holdon, manager and Liliana Stan, consultant.
According to Partner, Deloitte Romania, and Energy and Sustainability Practices Leader, Deloitte SEE, Ovidiu Popescu, “The completion of the green hydrogen projects at Petrobrazi demonstrates that European financing can generate value-added investments in this sector and in the economy, if the investment vision is complemented by the co-financing and implementation capacity. I congratulate OMV Petrom on this landmark success in the national and regional energy landscape, which I expect will inspire other players to contribute to achieving the transition objectives and transforming the energy system through clean and economically viable technologies.”
The two green hydrogen projects will have an estimated annual output of approximately 8,000 tonnes and will support the production of sustainable SAF and HVO fuels, produced from vegetable oils and waste oils. These fuels can reduce CO2 emissions by at least 65% over the entire life cycle and are compatible with the current infrastructure.
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Deloitte Romania is one of the leading professional services organizations in the country, offering risk advisory, audit, business processes, tax, legal, consulting, financial advisory as well as technology services and additional related services, via 3,300 professionals, in cooperation with Reff & Associates | Deloitte Legal.