Romania's OMV Petrom invests 1.5 mln euro in Petrobrazi refinery lighting system

Romania's top oil and gas group OMV Petrom [BSE:SNP] said on Wednesday that it has invested 1.5 million euro ($1.8 million) at its Petrobrazi refinery to streamline the lighting system of the ten industrial ramps, where crude oil and feedstock is unloaded and oil products are loaded.

The new LED-based lighting system will halve the annual amount of electricity used by the refinery at the industrial ramps, resulting in an annual reduction of about 100 tonnes of carbon emissions, equivalent to the volume of carbon dioxide sequestrated annually by about 18,000 trees, OMV Petrom said in a press release.

"We continue our environmentally friendly initiatives on the entire value chain, which include both the implementation of new technologies and an efficient energy management during operations," OMV Petrom Executive Board, member of responsible for Downstream Oil Radu Caprau said.

Petrobrazi has a total crude oil processing capacity of 4.5 million tonnes per year and, starting 2005, OMV Petrom has invested approximately 1.8 billion euro in the refinery. One third of this investment contributed to the reduction of the environmental impact, the group said. Thus, OMV Petrom has reduced the carbon intensity of its operations by an estimated 25% in 2020 compared with 2010.

Shares in blue-chip OMV Petrom traded 0.81% higher at 0.3725 lei ($0.09/0.08 euro) by 0941 CET on Wednesday on the Bucharest Stock Exchange.

($=0.823 euro)

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