OMV and Masdar sign binding agreement to develop and operate new 140 MW green hydrogen plant in Austria
Austria, Nov. 6 -- OMV, Austria's integrated energy, fuels and chemicals company, and Masdar, a global clean energy leader, have signed a binding agreement to establish a joint venture (JV) for the financing, construction and operation of the 140 MW green hydrogen electrolyzer plant in Bruck an der Leitha, Austria.This landmark project will be one of Europe's largest green hydrogen production facilities and marks a major step in OMV's commitment to decarbonizing its Schwechat refinery and accelerating the energy transformation. Construction of the facility began in September 2025 and it is expected to be operational in 2027.The JV between OMV and Masdar will be majority-owned by OMV with Masdar owning 49 percent. The partnership combines OM...
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