EUR 2 mn investments for energy efficiency increase in Petrom filling stations
- The company introduced a new LED lighting system in 345 Petrom filling stations
- 50% reduction of electricity consumption for lighting in filling stations
OMV Petrom, the largest oil and gas producer in South-eastern Europe, replaced the conventional lighting systems in 345 Petrom filling stations with a new LED based system (light emitting diode), following a EUR 2.1 mn investment. The supplier, namely the company Electromagnetica, was selected following an international tender performed earlier this year.
Neil Anthony Morgan, member of OMV Petrom Executive Board responsible for Refining and Marketing: "The increase of energy efficiency is an important objective for us, at company level, as well as for Romania and the European Union, which targets a 30% reduction of annual primary energy consumption by 2030. This project underlines our constant concern on improving the company’s energy performance by following a responsible and sustainable business model".
The purpose of the project was to increase efficiency in filling stations by reducing the electricity consumption. In the 345 filling stations the classic lighting system was replaced with LED lighting systems for the shops, roof, car wash and stations perimeter.
Compared with the traditional lighting system, the LED system was chosen for its increased usage efficiency, generating the same luminosity while using 50-60% less energy, increased resilience to external factors (temperature, humidity) and a longer life span.
According to company estimates, the adoption of LED technology in 345 Petrom filling stations will generate a 50% reduction in the energy consumption used for lighting, respectively an 11% decrease of the total electricity bill of each station.
Other benefits of this system include lower maintenance costs, due to the longer life span of LED lighting systems, compliance with applicable Romanian and European energy efficiency norms as well as positive impact on the appearance and ambiance of the filling stations.
The funding for this project is partly ensured through an Energy Efficiency Financing Facility, a grant supported credit line for Romania offered by the European Bank for Reconstruction and Development (EBRD) and the European Union. Following a final evaluation of the project by EBRD, a grant consisting of 15% of the total value of the investment will be released.
The company is considering extending the project for the entire Petrom filling stations network.
OMV Petrom
OMV Petrom is the largest integrated oil and gas group in South-eastern Europe, with an annual oil and gas production of approximately 66 mn boe. The Group has a refining capacity of 4.2 mn tons/year and owns an 860 MW high efficiency power plant and a 45 MW wind park. OMV Petrom is present on the oil products retail markets in Romania and neighbouring countries through approximately 800 filling stations.
OMV, Austria’s largest listed industrial company, holds a 51.01% share in OMV Petrom. The Romanian state, via the Ministry of Economy, holds 20.64% of OMV Petrom shares, the Property Fund holds 18.99% and 9.36% is free float on the Bucharest Stock Exchange.
In the last nine years investments for the consolidation and modernization of OMV Petrom amounted to EUR 10 bn. The annual direct, indirect and induced impact of OMV Petrom in Romania’s GDP is around 5%.
Starting 2007, OMV Petrom integrated the principles of corporate responsibility within its business strategy. In this period, the company allocated more than EUR 40 mn for the development of communities in Romania, focusing on environment protection, education, health and local development. "Andrei’s School" is the main platform for community involvement.
Contact details:
OMV Petrom Investor Relations
Tel: 0040-372-088 406, Fax: 0040-372-868 518
e-mail: investor.relations.petrom@petrom.com