OMV and Masdar have formed a joint venture to develop a 140 MW green hydrogen electrolyzer plant in Austria, marking a significant step toward decarbonization and sustainable energy collaboration.

Target Information

OMV and Masdar have entered into a joint venture focused on the development and operation of a new electrolyzer plant in Bruck an der Leitha, Austria. This project, which will produce 140 MW of green hydrogen, represents a substantial milestone in OMV's commitment to sustainability and aligns with their goals for reducing carbon emissions at their Schwechat refinery. The facility is poised to be among the largest green hydrogen production sites in Europe and is expected to be operational by 2027.

The joint venture will see OMV hold a majority stake, while Masdar will own 49 percent. This collaboration leverages OMV’s extensive expertise in integrated fuels and chemicals alongside Masdar’s global experience in financing and executing clean energy projects. The partnership is aimed at not just producing green hydrogen, but also paving the way for future developments in sustainable aviation fuels and synthetic chemicals.

Industry Overview in Austria

The hydrogen industry in Austria is gaining momentum as part of the country's broader commitment to becoming a leading hub for hydrogen production and technology in Europe. With ambitious plans for decarbonization, the Austrian government