OMV Continues Development of €600M Green Hydrogen Plant in Austria After Partner Masdar Withdraws
Austrian energy company OMV has decided to continue with the development of its planned green hydrogen plant in Bruck an der Leitha, Lower Austria, despite the withdrawal of its initial partner, UAE-based renewable energy firm Masdar. The project is valued at €600 million ($688m) and includes a 140MW electrolysis facility expected to produce up to 23,000 tonnes per annum (tpa) of green hydrogen. The European Investment Bank has already approved a €450m loan for the project in July 2026, while Austria's Wirtschaftsservice is providing additional funding. Construction began in September 2025 and operations are expected to start by 2027. The plant will supply hydrogen via a 22km pipeline to OMV’s Schwechat refinery near Vienna, replacing fossil-based hydrogen and reducing annual CO₂ emissions by around 150,000 tonnes. OMV aims to enhance the sustainability of its fuel and chemical production at Schwechat through this initiative. The project also lays groundwork for future sustainable aviation fuels.
Topics: Hydrogen Infrastructure Partnership Exit Renewable Energy