A Large Factory in Romania Leaves Behind a 50 Million-Euro Project Co-Financed by PNRR. The Director-General Resigned After the Company's Decision

The mega-producing project of batteries that should have been developed by the Oradea synteza in partnership with Lockheed Martin was cancelled. Oradeza announced that it was giving up on the project financed by PNRR because the conditions necessary for supporting economic viability would not be fully met. Article A large factory in Romania rejects a 50 million-euro project co-financed by PNRR. The Director-General resigned after the company's d…

The decision follows a feasibility analysis. The Ministry of Energy confirms that the PNRR funds have not been affected. The Romanian company Sinteza SA officially announced the withdrawal of the 50 million euro project developed in partnership with the American giant Lockheed Martin, which provided for the construction of a negative electrolyte factory for GridStar® Flow batteries in Oradea. The investment was subsequently co-financed by the Na…

The Ministry of Energy has taken action on the decision of the company Sinteza SA to give up on the implementation of the project to create a battery production capacity

Advertised with large volume in November 2024, the production project of the batteries developed by Sinteza Oradea in partnership with Lockheed Martin was cancelled, after the Romanian company announced that it was giving up the project financed by PNRR.

Sinteza Oradea, a Romanian chemical company, has abandoned its plan to build a modern factory for the production, testing and recycling of electrolytes used in industrial batteries for storing electricity. The project was to be carried out in partnership with the American giant Lockheed Martin and partially financed by European funds (PNRR).

The company of the chemical industry Sinteza Oradea (STZ bursier symbol) announced 20 more withdrawal from the investment project for the development of a...