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Masdar, UAE’s world clear vitality chief, and Austria’s OMV will collectively finance, assemble and function a 140MW inexperienced hydrogen electrolyser plant in Bruck an der Leitha, Austria.
The three way partnership mission will likely be one in every of Europe’s largest inexperienced hydrogen manufacturing services and marks a significant step in OMV’s dedication to decarbonising its Schwechat refinery and accelerating the vitality transformation.
Building started in September 2025 and it’s anticipated to be operational in 2027.
OMV will maintain a majority 51 per cent stake within the JV and Masdar 49 per cent. The JV is anticipated to shut in early 2026, relying on completion of ultimate documentation and necessary approvals.
The partnership combines OMV’s management underneath its built-in Fuels and Chemical substances enterprise and Masdar’s industrial, monetary and technical experience in creating and working clear vitality tasks worldwide.
OMV, which is already operating a ten MW electrolyser plant for inexperienced hydrogen in Schwechat, will procure the renewable electrical energy for manufacturing and personal the inexperienced hydrogen produced.
Dr Sultan bin Ahmed Al Jaber, Minister of Trade and Superior Expertise and Chairman of Masdar, commented: “The UAE has a longstanding dedication to working with our companions to speed up the worldwide vitality programs transformation. This three way partnership unites Masdar’s twenty years of renewable vitality management with OMV’s industrial functionality, paving the way in which for future industrial alternatives throughout Europe.
“As we speak’s settlement additionally underscores the deep and rising collaboration between the UAE and Austria in powering development for the knowledge age.”
Dr Wolfgang Hattmannsdorfer, Austria’s Federal Minister of Economic system, Power and Tourism, added: “We will solely safe jobs and prosperity in Austria if we stand firmly for open commerce and construct profitable worldwide partnerships. Along with the strategic partnership between OMV and Masdar, we now have introduced one of many largest direct investments of current years to Austria.
“OMV and Masdar are collectively developing the fifth-largest hydrogen plant in Europe – proper right here in Austria. This mission additional strengthens Austria’s main position in a key expertise of the longer term. Our aim is obvious: Austria goals to develop into Europe’s main hydrogen hub.”
The binding settlement was signed at ADIPEC within the presence of Dr Al Jaber, Dr Hattmannsdorfer, Dr Alfred Stern, Chairman of the Govt Board and CEO of OMV; and Mohamed Jameel Al Ramahi, CEO of Masdar.
The partnership lays the inspiration for a future strategic collaboration between OMV and Masdar to discover inexperienced hydrogen, artificial sustainable aviation fuels (e-SAF) and artificial chemical compounds manufacturing in each the UAE and Central and Northern Europe.
OMV’s Dr Stern added: “Inexperienced hydrogen is a key factor in OMV’s Technique 2030 for decarbonising our fuels and chemical compounds manufacturing. Partnering with Masdar to develop one in every of Europe’s largest inexperienced hydrogen services in Austria marks a big step ahead. This three way partnership builds upon our present partnership by uniting deep technological experience with a shared imaginative and prescient for progressing in the direction of a climate-neutral future.”
Masdar is aiming to be a number one producer of inexperienced hydrogen and its derivatives globally by 2030. It’s creating and investing in industrial tasks and constructing scalable platforms in key markets all over the world.
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