OMV and Masdar partner to build a 140 MW green hydrogen plant in Austria, advancing Europe’s clean energy transition and hydrogen economy.
OMV, Austria’s leading integrated energy, fuels, and chemicals company, has entered into a binding joint venture (JV) agreement with Masdar, the UAE-based global clean energy pioneer, to finance, construct, and operate a 140 MW green hydrogen electrolyzer plant in Bruck an der Leitha, Austria. This milestone initiative will stand among Europe’s largest green hydrogen production facilities and represents a crucial step toward OMV’s decarbonization goals for its Schwechat refinery while advancing Austria’s and Europe’s broader energy transition. Construction commenced in September 2025, with full operations anticipated by 2027.
Under the agreement, OMV will hold a majority stake in the joint venture, while Masdar will own 49 percent. The partnership merges OMV’s industrial leadership within its integrated Fuels and Chemicals business with Masdar’s deep technical, financial, and operational expertise in renewable and clean energy developments across global markets. OMV, already operating a 10 MW green hydrogen plant in Schwechat, will procure renewable electricity for the new facility and retain ownership of the hydrogen produced.
Beyond this project, the collaboration sets the foundation for broader strategic cooperation between OMV and Masdar in developing green hydrogen, sustainable aviation fuels (e-SAF), and synthetic chemical production in the UAE, as well as Central and Northern Europe. The venture follows the Letter of Intent signed in April 2025, signaling both companies’ intent to strengthen low-carbon energy partnerships. The JV is expected to close by early 2026, subject to regulatory approvals, final documentation, and shareholder consent.
The binding agreement was formalized during ADIPEC in Abu Dhabi, attended by H.E. Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Chairman of Masdar; H.E. Dr. Wolfgang Hattmannsdorfer, Austria’s Federal Minister of Economy, Energy and Tourism; Dr. Alfred Stern, Chairman and CEO of OMV; and Mohamed Jameel Al Ramahi, CEO of Masdar. The official signing was completed by Martijn van Koten, OMV Executive Vice President for Fuels and Chemicals, and Mohammad Abdelqader El Ramahi, Chief Green Hydrogen Officer at Masdar.
Dr. Al Jaber emphasized that the partnership reflects the UAE’s dedication to accelerating the global clean energy transition through strong international collaborations. Dr. Hattmannsdorfer highlighted the project as one of Austria’s largest foreign investments, reinforcing the nation’s ambition to become Europe’s hydrogen hub. Dr. Stern described the venture as a cornerstone of OMV’s Strategy 2030 to decarbonize production and promote a climate-neutral future. Meanwhile, Al Ramahi stated that Masdar’s partnership with OMV will strengthen its presence in Europe and contribute significantly to building a sustainable hydrogen economy.
Masdar aims to become a global leader in green hydrogen and its derivatives by 2030, expanding its commercial portfolio and scaling renewable energy projects worldwide.
