2016 Sustainable Development & Corporate Responsibility Report


With the completion of the significant investment for upgrading and modernizing the Elefsina refinery in 2013 (preceded by that of the Thessaloniki refinery in 2011), HELLENIC PETROLEUM set 2014 as the base year for improving environmental performance.


Indicatively, long-term environmental goals in key priority areas for the Group and refineries (as main productive activity) are presented below:

  • 5% reduction of tn CO2 emissions/tn crude oil supply ratio by 2020.

The tn CO2/tn crude oil ratio continued to decline in 2016, exceeding the original target set (-15% compared to the initial target of -5% in 2020), reflecting the contribution of significant actions - energy saving projects and other optimization interventions performed at the Group’s refineries.     

  • 250,000 tn CO2 reduction of the Group’s carbon footprint through investing in Renewable Energy Sources - RES (minimum 100MW power) by 2025.

Based on RES investments that have been completed and are in operation, it is estimated that carbon footprint reduction has already been achieved by about 40,000 tonnes of CO2.


HELLENIC PETROLEUM SARegistered Address: 8A Chimarras str., 151 25-Maroussi/Greece
S.A. Registration Number.: 2443/06/B/86/23
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