OMV Petrom agrees SAF and HVO offtake agreement with OMV Downstream
The contract was concluded for a period of five years, with the possibility of extension for five additional years, with deliveries to begin in 2028. Pricing is based on a formula that is indexed to international quotations and transaction details follow arm’s length principles.
The maximum total quantity of the contract is 360,000 tons, of which at least 200,000 tons SAF, with an estimated total value of over EUR 800 million at recent market quotations.
This transaction allows OMV Petrom to maintain flexibility to capture additional opportunities on the Romanian market and in the region, while securing the placement of part of its future biofuels production toward additional airports in Central and Eastern Europe. The company will continue to be one of the largest SAF suppliers for airports in Romania.
Category: Fuels
