Masdar, UAE’s world clear power 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 venture will likely be one in all Europe’s largest inexperienced hydrogen manufacturing services and marks a serious step in OMV’s dedication to decarbonising its Schwechat refinery and accelerating the power 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 obligatory approvals.
The partnership combines OMV’s management beneath its built-in Fuels and Chemical substances enterprise and Masdar’s industrial, monetary and technical experience in growing and working clear power initiatives 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 Know-how and Chairman of Masdar, commented: “The UAE has a longstanding dedication to working with our companions to speed up the worldwide power methods transformation. This three way partnership unites Masdar’s twenty years of renewable power 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 data age.”
Dr Wolfgang Hattmannsdorfer, Austria’s Federal Minister of Financial 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’ve got introduced one of many largest direct investments of latest years to Austria.
“OMV and Masdar are collectively setting up the fifth-largest hydrogen plant in Europe – proper right here in Austria. This venture additional strengthens Austria’s main function in a key know-how of the long run. Our aim is evident: 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 muse for a future strategic collaboration between OMV and Masdar to discover inexperienced hydrogen, artificial sustainable aviation fuels (e-SAF) and artificial chemical substances manufacturing in each the UAE and Central and Northern Europe.
OMV’s Dr Stern added: “Inexperienced hydrogen is a key aspect in OMV’s Technique 2030 for decarbonising our fuels and chemical substances manufacturing. Partnering with Masdar to develop one in all 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 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 growing and investing in industrial initiatives and constructing scalable platforms in key markets world wide.
