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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 168 million
EUR 243 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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The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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