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    Summary sheet

    Release date
    11 February 2026
    Status
    Reference
    Under appraisal | 29/01/2026
    20250483
    Project name
    Promoter - financial intermediary
    PETROBRAZI GREEN HYDROGEN PRODUCTION
    OMV PETROM SA
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 165 million
    EUR 239 million
    Location
    Sector(s)
    Description
    Objectives

    The project concerns the construction and operation, as well as the grid connection works, of two electrolysers (20MW and 35MW) for green hydrogen production to be supplied to the Promoter's refinery, in Prahova County, Romania.

    The aim is to produce hydrogen from electrolysis based on renewable electricity capacity, aiming to align with the EU Taxonomy requirements. The project will contribute to the national and EU renewable energy targets in the transport sector as well as tthe objectives of the country's National Hydrogen Strategy and Action Plan.

    Environmental aspects
    Procurement

    Production, storage and pipeline transport of hydrogen fall under Annex II of the environmental impact assessment (EIA) Directive 2011/92/EU as amended by Directive 2014/52/EU, requiring the competent authorities to determine whether an EIA is required. The project underwent an EIA process, which has now been concluded. Hydrogen production needs to be aligned with the sustainability of relevant EU directives and regulations, incl. the threshold for substantial contribution to climate mitigation, set by the EU Taxonomy.

    The project will be operating without exclusive or special rights within the meaning of the EU Utilities Directive 2004/17/EC c.q. 2014/25/EU hence private sector procurement procedures apply.

    Milestone
    Under appraisal

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

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