Potential offtaker

OMV Petrom SA

www.omvpetrom.com

Estimated electricity consumption

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Countries of production presence

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OMV Petrom SA is a Romanian integrated oil and gas company that operates in the upstream, midstream, and downstream sectors of the industry. The company is the largest oil and gas producer in Southeastern Europe, with a market capitalization of over $10 billion. OMV Petrom SA has a significant presence in Romania, where it owns and operates several oil and gas fields, refineries, and petrochemical plants. The company also has operations in other countries, including Kazakhstan, Bulgaria, and Serbia.

OMV Petrom SA is committed to decarbonisation and reducing its carbon footprint. The company has set a target of reducing its carbon intensity by 30% by 2025, compared to 2010 levels. To achieve this goal, OMV Petrom SA is investing in renewable energy and exploring new technologies to reduce its emissions. The company is also working to improve energy efficiency in its operations and reduce waste.

One of the ways OMV Petrom SA is investing in renewable energy is through corporate power purchase agreements (PPAs). In 2020, the company signed a PPA with Enel Green Power Romania for the purchase of 33 MW of wind power. The PPA will provide OMV Petrom SA with renewable energy to power its operations in Romania, helping the company to reduce its carbon footprint and meet its sustainability goals.

OMV Petrom SA is also investing in corporate energy solutions to improve its energy efficiency and reduce its energy costs. The company has implemented several initiatives to reduce its energy consumption, including the installation of energy-efficient lighting and the optimization of its heating and cooling systems. OMV Petrom SA is also exploring new technologies to improve its energy efficiency, such as the use of artificial intelligence and machine learning to optimize its operations.

In addition to its focus on decarbonisation and renewable energy, OMV Petrom SA is also committed to sustainability and social responsibility. The company has implemented several initiatives to support the communities in which it operates, including programs to promote education, health, and environmental protection. OMV Petrom SA is also committed to promoting diversity and inclusion in its operations and has implemented several initiatives to support women in leadership positions.

OMV Petrom SA's commitment to sustainability and decarbonisation has been recognized by several organizations. In 2020, the company was included in the Dow Jones Sustainability Index for the fourth consecutive year, reflecting its strong performance in environmental, social, and governance (ESG) criteria. OMV Petrom SA was also recognized as one of the top 100 sustainable companies in the world by Corporate Knights, a Canadian media and research company.

In conclusion, OMV Petrom SA is a leading integrated oil and gas company in Southeastern Europe that is committed to decarbonisation and reducing its carbon footprint. The company is investing in renewable energy and exploring new technologies to improve its energy efficiency and reduce its emissions. OMV Petrom SA's focus on sustainability and social responsibility has been recognized by several organizations, reflecting its strong commitment to ESG criteria. As the world moves towards a more sustainable future, OMV Petrom SA is well-positioned to play a leading role in the transition to a low-carbon economy.

✓ Declared Net Zero commitment