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Carbon Efficiency

The overall objective is to manage carbon emissions sustainably.

Management approach

To better respond to the new challenges resulting from climate change effects, we are taking specific actions including process optimization, boosting energy efficiency and implementing projects that reduce GHG emissions, energy consumption and costs.

OMV Petrom decreased the GHG Intensity of its operations by 22% in 2019 vs. 2010. This proves our efforts to contribute to OMV Group’s strategic objective of decreasing GHG Intensity by 27% by 2025 (vs. 2010). Thus, in 2019, the overall OMV Petrom’s GHG Intensity decreased by 2.4% vs. 2018, as follows: Upstream decreased by 4.7%, Petrobrazi refinery decreased by 3% and Power Plants increased by 1.46%.

Direct GHG Emissions

Our total direct GHG emissions (scope 1) decreased by around 7% in 2019 vs. 2018 and accounted for 4.2 mn t of CO2 eq. The decrease of direct GHG emissions was mainly due to the decrease of gas consumption and venting.

We are subject to the EU Emissions Trading Scheme (EU ETS). Seven of our operating installations were under EU-ETS at the end of 2017. Around 60% of our direct GHG emissions come from these EU-ETS installations.

Indirect GHG Emissions

Our indirect GHG emissions (scope 2) are those related to the production of the energy we purchase (electricity) for our operations. In 2019, our indirect GHG emissions totaled 44,844 t CO2 eq. (2018: 79,834 t CO2 eq.). The decrease of indirect GHG emissions was mainly due to the decrease of purchased electricity on the account of increased share of electricity produced by OMV Petrom.