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Romania's Rompetrol Rafinare invests $2.3 mln in vapor recovery unit

Romania's Rompetrol Rafinare invests $2.3 mln in vapor recovery unit Rompetrol Rafinare new vapor recovery unit at Vega refinery

BUCHAREST (Romania), November 12 (SeeNews) - Romania's Rompetrol Rafinare [BSE:RRC] said on Tuesday it has inaugurated a new fully automated vapor recovery unit at the auto and rail loading points in the Vega refinery following a $2.3 million (2.08 million euro) investment.

The investment effort is intended to reduce the impact of the operational activities on the environment and communities in the area, Rompetrol said in a press release.

The works also complete the general plan of actions carried out by the company for the optimization, efficiency and compliance of the operational processes.

"We are investing in the implementation of the most modern and safe technologies, aimed at continuously reducing the impact that the Vega refinery has on the environment. The ongoing projects, together with the investments destined to streamline the production processes, will be
able to ensure a positive course for Vega refinery, in the trend of the last years, in which remarkable results have been obtained," Rompetrol Rafinare general manager Yedil Utekov said.

The vapor recovery unit complies with all the environmental requirements in the field of emissions of volatile organic compounds, resulting from the operations of loading and unloading of petroleum products in the automotive and rail ramps of the Vega refinery, Rompetrol said.

Currently, Rompetrol Rafinare operates Vega Ploiesti and Petromidia Navodari – the largest refinery in Romania, which fully supplies to the refinery in Ploiești the raw/ semi-manufactured materials necessary to obtain special products with a high added value.

Rompetrol Rafinare is majority owned by KMG International with 54.63% and the Romanian energy ministry with 44.69%.

Rompetrol Rafinare shares last traded 2.08% lower at 0.0470 lei as at 1621 CET on November 11 on the Bucharest Stock Exchange.

($ = 0.9063 euro)