- The LNG/CNG filling station will be operational in 2025
- Using LNG/CNG instead of conventional fuels can contribute to a 15% reduction in carbon emissions
OMV Petrom, the largest integrated energy company in Southeastern Europe, announces that it has entered a partnership with Vulcangas Romania for opening liquefied and compressed natural gas filling stations. The first one is expected to be operational in 2025 and will be installed at a Petrom filling station located in Chitila Sat, Ilfov County. This station will supply light and heavy transportation vehicles. Other future filling stations will be installed depending on the evolution of LNG and CNG demand in Romania.
Radu Căprău, member of the OMV Petrom Executive Board, responsible for Refining and Marketing: "Through this partnership, we continue to diversify our mobility offer for medium and long-distance freight transport, by supporting the growth of the LNG and CNG market. Natural gas can be a viable option for the transition to cleaner transportation.”
Constantino Amadei, Vulcangas Romania administrator: "We value the collaboration with OMV Petrom in order to bring our expertise and experience in providing LNG/CNG solutions to the Romanian market. Our focus on innovation, sustainable development and quality and safety-based services for all our customers makes us share the same values with our partner OMV Petrom. Having all these tools and shared values at hand we can become, together with our partner, important players on the Romanian LNG/CNG market.”
LNG/CNG freight transportation generates approximately 15% less CO2 emissions, 50% less SOx emissions and almost no heavy particulate emissions. A truck fueled by LNG/CNG can benefit from an autonomy of up to 1,600 kilometers.
About OMV Petrom
OMV Petrom is the largest integrated energy company in South-Eastern Europe, with an annual Group hydrocarbon production of approximately 43 million boe in 2022. The Group has a refining capacity of 4.5 million tons annually and operates an 860 MW high-efficiency power plant. The Group is present on the oil products retail market in Romania and neighboring countries through approximately 780 filling stations under two brands – OMV and Petrom.
OMV Petrom is a company in which Romanian shareholders hold over 42% of the shares (of which the Romanian state, through the Ministry of Energy, holds 20.7%, and 21.7% are owned by pension funds in Romania, to which are added almost 500,000 individual investors and other Romanian entities). OMV Aktiengesellschaft, one of the largest listed industrial companies in Austria, holds a 51.2% stake in OMV Petrom, and the remaining 6.4% are held by other foreign investors. Of the total shares of OMV Petrom, 28.1% represents the free float on the Bucharest Stock Exchange.
OMV Petrom is the largest contributor to the state budget, with approximately 39 billion euro in taxes and dividends paid between 2005 and 2022. During the same period, the company invested approximately 17 billion euro. In 2022, the taxes paid by OMV Petrom ensured 7% of Romania's tax revenues.
Since 2007, OMV Petrom has included corporate responsibility principles into its business strategy. Between 2007 and 2022, the company has allocated around 120 million euro to develop communities in Romania, focusing on environmental protection, education, health, and local development.
On July 29th, 2020, OMV Petrom announced its support for the recommendations issued by the Task Force on Climate-related Financial Disclosures (TCFD) regarding risks and opportunities on climate change. OMV Petrom annually reports on the progress made in implementing these recommendations.
About Vulcangas Romania Società Italiana Gas Liquidi S.P.A
Vulcangas Romania is a subsidiary of Società Italiana Gas Liquidi S.P.A., founded in 1978 by Fabbri Family, a top supplier of natural gas and LPG solutions in Italy.
Società Italiana Gas Liquidi S.P.A. "Vulcangas" with headquarters in Rimini is a leading company in the Small Scale LNG distribution sector in Italy and Europe, which has been working constantly, for over 40 years, to offer the best services to its customers.
Respect for nature is one of Vulcangas' identity values. Investments in research and innovation led the company to open the renewable energy division and from 2013 the liquefied natural gas (LNG) division. After only two years, in 2015, it opened the first LNG station, by modernizing its own station conventional fuel supply from Rimini.
In 2018, launching its own fuel card for vehicles running on liquefied natural gas and compressed natural gas, Vulcancard, continued its expansion into the L-LCNG market. In October 2020, Vulcangas carried out the first feed from a Biorefinery, transported and put on the market for consumption the first amount of Bio-LNG in Italy.
The entire Bio-LNG supply chain is certified from the Biorefinery to the end user, through the Vulcancard circuit.
Today, Vulcangas, the owner of several LNG delivery stations in Italy and abroad, is the first Italian operator for the sale of LNG, with more than 7,500 tons per month supplied from the terminals Fos sur Mer, Ravenna, Krk, Zeebrugge, Rotterdam, constantly supplying L-LCNG both to its customers Italians as well as Europeans.
Vulcancard is the card dedicated to vehicles fueled with L-LCNG and Bio-LNG, card accepted in 90 filling stations in Italy and 50 stations throughout Europe (www.lngcorridor.com).