Romania can become a “Blue hydrogen valley”in EU, as it has gas resources, carbon storage capacities and varied industry which can use this resource, said Ionut Ciubotaru, vicepresident for business development, OMV Petrom, at a conference on Tuesday. “At present we are the second gas producers in EU after the Netherlands and we have a big opportunity to become the first largest natural gas producer in EU, if we access gas resources in the Black Sea, with all advantages this investment can bring along in point of jobs, state budget incomes and Romania's independence from imports. If we do not have these resources, Price Waterhouse Coopers foresees that 50% of the necessary has consumption will come from import in 2030,” Ciubotaru said at the conference “Hydrogen Project- first steps in Romania,” organized by Energynomics.ro. Moreover, Romania can store carbon dioxide in empty crude and gas reservoirs. “Obviously, tests must be done and the law adjusted, but there is this possibility, we should take it into account and have in view that we may become one of the largest carbon dioxide stock owners in EU,” the OMV Petrom official continued. At the same time, Romania has a varied industry where hydrogen can be used. “Romania has a very good industrial diversity, which leads us to the idea that maybe we will have local hydrogen consumers in the future. I am mentioning all these three arguments for a concept we are trying to promote, that Romania can become a “Blue hydrogen valley in EU,” Ciubotaru added. In his turn, Ioan Iordache, the CEO of the Association for Hydrogen Energy, said that hydrogen can be stored in salt mines on a long run. “We are talking about storing hydrogen in underground salt caves. Storing on a long run, in large quantities. In Romania we have this potential and we are among the first to have studied and written about it,”Iordache showed at the same conference.
The shares of four other companies listed on the Bucharest Stock Exchange (BVB) will be included in the MSCI Frontier, MSCI Romania, MSCI Frontier IMI and MSCI Romania IMI. Romania will thus have 30 listed companies part of the MSCI indices as of June 1, 2024. The shares of telecom group Digi Communications (DIGI)...
DP World announced on May 15 the opening of three new sites in Romania, following total investments of over EUR 130 million. The company said the projects aim to provide “a significant boost to the country’s growing status as a key hub of European trade.” Thus, Constanta, the largest container port on the Black Sea, […]
Measuring the confidence of Romanian managers and entrepreneurs in the local economy for over 4 years, the results of the 10th edition of the CONFIDEX study highlight the optimism, resilience, and adaptability of the Romanian business environment. According to the CONFIDEX study from the first semester of this year, the proportion of managers who declare […]
Alternative investment fund BT Property said on May 15 that it acquired Funshop Park Turda, Cluj county, from the Polish group Scallier. The transaction marks the fund's entry into the retail market, where it aims to expand. Funshop Park Turda retail park has over 9,000 sqm of leasable area and BREEAM-certified buildings, according to international standards. BT Asset […]
Attractive Romania/România Atractivă was launched this week with the aim of offering local and foreign tourists a new tool to explore the country. The multimedia platform includes 12 thematic routes in 35 counties, listing 275 landmarks to discover. The program, with a value of over RON 36.3 million, is part of the National Recovery and Resilience […]
It’s a packed agenda this week, with film festivals, art and jewelry fairs, events for foodies, the start of the light and music show at Bucharest’s Unirii fountains, and an anniversary but slimmed-down edition of the Night of Museums. The public in Iași can attend the events of the Romanian Creative Week, while theater fans […]
