Christina Verchere, OMV Petrom CEO, said that the company is analyzing opportunities in Romania for investments in new technologies such as carbon capture and storage and the vital role they will play in the decarbonization process.
Speaking at the Three Seas Initiative Business Forum, Verchere said that, in 2024, the company will test an innovative technology for capturing and using carbon at its Petrobrazi refinery as part of a European program.
She added that OMV Petrom is planning to grow its renewable energy portfolio to up to 1 GW in capacity, reminding that the company has partnered with Energy Complex (EC) Oltenia for the development of 450 MW in solar power plants.
Referring to the Neptun Deep project, Verchere stressed that this is a strategic project for the company and Romania, contributing to energy security and economic growth. Together with Romgaz, OMV Petrom will invest up to 4 billion euros to extract up to 100 billion cubic meters of natural gas, which will make Romania the largest producer of natural gas in the European Union.
