Masdar to take stake in OMV’s green hydrogen plant in Austria
OMV, Austria’s integrated energy, fuels and chemicals company, and UAE clean energy firm Masdar have signed a binding agreement to establish a joint venture (JV) for the financing, construction and operation of the 140 MW green hydrogen electrolyser 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 decarbonising 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%. The partnership combines OMV’s strategic leadership under its integrated Fuels and Chemicals business and Masdar’s commercial, financial and technical expertise in developing and operating clean energy projects worldwide.
OMV, which is already running a 10 MW electrolyser plant for green hydrogen in Schwechat, will procure the renewable electricity for production and own the green hydrogen produced.
The partnership lays the foundation for a future strategic collaboration between OMV and Masdar to explore green hydrogen, synthetic sustainable aviation fuels (e-SAF) and synthetic chemicals production in both the UAE and Central and Northern Europe, following the signing of the Letter of Intent in April earlier this year. The jv is anticipated to close in early 2026, conditional on completion of final documentation, shareholders’ approvals and regulatory approvals.
Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Chairman of Masdar, said: “The UAE has a longstanding commitment to working with our partners to accelerate the global energy systems transformation. This joint venture unites Masdar’s two decades of renewable energy leadership with OMV’s industrial capability, paving the way for future commercial opportunities across Europe. Today’s agreement also underscores the deep and growing collaboration between the UAE and Austria in powering growth for the information age.”
Alfred Stern, Chairman of the Executive Board and CEO of OMV, added: “Green hydrogen is a key element in OMV’s Strategy 2030 for decarbonizing our fuels and chemicals production. Partnering with Masdar to develop one of Europe’s largest green hydrogen facilities in Austria marks a significant step forward. This joint venture builds upon our existing partnership by uniting deep technological expertise with a shared vision for progressing towards a climate-neutral future. It will be a cornerstone in transforming our operations and accelerating Europe’s energy transition.”
Masdar says it is aiming to be a leading producer of green hydrogen and its derivatives globally by 2030, with the company developing and investing in commercial projects and building scalable platforms in key markets around the world.
