OMV and Austria Wirtschaftsservice GmbH have entered into a funding agreement to support the construction of a green hydrogen plant in Bruck an der Leitha, Lower Austria. The agreement provides production funding of up to about €123 million for the planned project. The proposal had earlier received a positive assessment and funding recommendation from the European Hydrogen Bank.
The project involves the development of a 140 MW green hydrogen plant, which is scheduled to commence operations by the end of 2027. The plant will use renewable electricity sourced from wind, solar, and hydropower to produce green hydrogen. Once operational, the plant is expected to generate up to 23,000 tonnes of green hydrogen annually. This output is projected to offset up to 150,000 tonnes of carbon emissions annually. Additionally, the facility will contribute to the decarbonisation of the Schwechat refinery.
In November 2025, OMV and Masdar signed a binding agreement to form a joint venture company to finance, develop, and operate this green hydrogen project. Masdar will hold a 49 per cent stake, while the remaining share will be with OMV. Construction of the facility commenced in September 2025.
