Austrian energy and chemical major OMV and Masdar – Abu Dhabi Future Energy Corporation– have signed a binding settlement to create a joint venture for the financing, construction, and operation of a 140-MW green hydrogen plant in Bruck an der Leitha, Austria.
The venture, which start construction in September, will be one among Europe’s largest green hydrogen facilities and is planned to start operations in 2027. It indicates a big step in OMV’s plan to reduce emissions at its Schwechat refinery. Beneath the agreement, OMV will hold a majority 51% stake in the joint venture, at the same time as Masdar will own 49%. The collaboration presents collectively OMV’s specialization in fuels and chemical with Masdar’s experience in clean energy venture evolution and financing. The corporations stated that they would also work collectively on green hydrogen, synthetic sustainable aviation fuel (e-SAF), and synthetic chemicals ventures in both the UAE and Central and Northern Europe. OMV, which operates a 10-MW green hydrogen electrolyser in Schwechat, will obtain renewable electricity for the brand new facility and own the hydrogen manufactured at Bruck an der Leitha, positioned near the borders of Hungary and Slovakia. The joint venture is predicted to be formally mounted in early 2026, subject to final documentation, shareholder, and regulatory approvals.
