OMV Petrom invests EUR 60 million in new polyfuel unit at Romanian refinery

OMV Petrom, the largest oil company in Romania, has started work at a new polyfuel unit at its Petrobrazi refinery in Romania. The new unit, which requires a EUR 60 million investment, will allow the conversion of LPG components into gasoline and middle distillates, through the use of a catalytic process. It can convert up to 50,000 tons of the refinery’s LPG production. The project entails the building of three main reactors, and of several adsorbents, columns and pumps. The first phase of the project entails laying down the foundation, for which 3,000 cubic meters of concrete and 335 tons of concrete yarn will be used. “The new polyfuel unit is an ambitious project, where latest-generation technologies in the refining and petrochemical industry will be made available in Romania as well. The project is going according to plan and we hope the new unit will be functional by the beginning of 2019,” Neil Anthony Morgan, an OMV Petrom board member responsible for the Downstream Oil activity, said. Earlier in July, OMV Petrom announced another EUR 1.7 million investment at Petrobrazi, to open a 1.4-km railway section at the refinery. In mid-June this year, it inaugurated a EUR 5 million analysis center for fuel quality control, also at Petrobrazi. With a refining capacity of 4.5 million tons annually, Petrobrazi can process OMV Petrom’s entire oil production in Romania. Romanian oil&gas group OMV Petrom doubles net profit in first quarter editor@romania-insider.com