LUKOIL and Rusatom Overseas MOI on Green H2 Production and Supply for PETROTEL-LUKOIL Refinery

LUKOIL and Rusatom Overseas (part of the ROSATOM Group) signed a memorandum of intent (MOI) on the development of cooperation regarding production and supply of green hydrogen for PETROTEL-LUKOIL refinery located in the city of Ploiesti, Romania.

The parties plan to study opportunities for construction of a green hydrogen production unit at the refinery, thus reducing CO2 emissions, as well as to look into the issue of obtaining government support for the project at both national and European levels.

“Together with our technological partner, ROSATOM State Corporation, we will evaluate prospects for our plant’s switching to one of the most environmentally friendly technology of hydrogen production, which enables refineries to greatly reduce their carbon footprint. In the future, this will allow us to replace all traditionally produced hydrogen, generated by methane steam reforming, with green hydrogen, generated via electrolysis in symbiosis with renewable energy sources,” said Rustem Gimaletdinov, Vice President for Oil Refining, Petrochemicals and Gas Processing of PJSC LUKOIL.

“ROSATOM acts as investor, developer and technological partner in hydrogen projects in Russia and abroad. We are happy to offer our cooperation in supplying ‘turnkey’ low-carbon hydrogen to LUKOIL. We are studying possibilities of manufacturing hydrogen at the Romanian refinery by employing electrolysers with production capacity of 10 thousand cubic metres per hour,” noted Evgeny Pakermanov, President of Rusatom Overseas JSC.

Green hydrogen production projects have great potential for decarbonizing industrial facilities and make notable contribution to solving the problem of CO2 emissions.

 

About PETROTEL-LUKOIL

Established in 1998, the company LUKOIL Romania is one of the leading Romanian oil companies, with a share of about 20% of the total market of oil products in Romania. LUKOIL is one of the major international oil and gas companies, representing 2.2% of global oil production. PETROTEL-LUKOIL is one of the oldest in Romania, founded in 1904 by the Romanian-American Society. In 1998, LUKOIL acquired the majority of shares. LUKOIL has invested approximately USD 120 million for upgrading the refinery. Platform holds refinery and a power plant (CHP) located on the platform refinery with a capacity of 61 MW.