OMV Petrom plans to build a new bioethanol plant in Romania.
Biofuel-news.com reported that the company submitted a proposal worth $1.2 billion lei (€245 million) to the Ministry of Economy and Energy. It has been reported that the investment planned by the oil company is a second generation bioethanol plant.
The oil company intends to build the factory in Prahova County, an area that is traditionally important for the oil industry. Petroleum that is sold at forecourts in Romania must contain 8% bioethanol blends. OMV Petrom is the largest energy company in south east Europe.
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