OMV Petrom to invest EUR 3.7 bln in low-carbon business lines by 2030
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…
iulian ernst · Journalist
· Updated · 1 min read
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 Ziarul Financiar.
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.
Verchere confirmed that the company will invest RON 8 billion (EUR 1.6 billion) annually in the next three years.
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.
(Photo source: the company)
