OMV secures $144m in funding for Austrian green hydrogen project

OMV has secured up to €123m ($143.7m) successful accumulation backing from Austria Wirtschaftsservice (aws) to make a 140MW greenish hydrogen electrolyser works successful Bruck an der Leitha, Lower Austria.

Expected to go operational by the extremity of 2027, the installation is acceptable to play a cardinal relation successful the decarbonisation of concern processes astatine OMV’s refinery successful Schwechat.

It is acceptable to go 1 of Europe’s 5 largest greenish hydrogen accumulation sites and the largest of its benignant successful Austria and south-eastern Europe.

OMV volition put a sum successful the mid-hundreds of millions of euros successful the project, which aims to nutrient up to 23,000 tonnes (t) of greenish hydrogen annually utilizing renewable energy generated from wind, star and hydropower sources.

Annual output from the works is forecast to trim c emissions by up to 150,000t, contributing towards decarbonisation efforts astatine OMV’s Schwechat refinery.

The European Hydrogen Bank (EHB) antecedently recommended the task for backing pursuing a affirmative assessment.

The backing statement with aws formalises Austria’s enactment for the inaugural via EHB’s programme administered by the erstwhile arsenic nationalist processing office.

OMV CEO Alfred Stern said: “The affirmative appraisal made by the EHB and the resulting backing from the Austrian authorities for our greenish hydrogen works is simply a beardown awesome for the aboriginal of sustainable vigor proviso and Austria arsenic a location.

“With our project, we are mounting a milestone for the vigor modulation successful Europe and showing however OMV combines innovation and responsibility.”

Construction of the Austrian greenish hydrogen works began successful September 2025 aft permits for gathering and operations were granted.

As portion of its development, OMV volition conception a hydrogen pipeline of astir 22km successful magnitude to link the caller works straight with the Schwechat refinery.

In November 2025, OMV and Masdar signed an statement to found a associated task for financing, operation and cognition of the plant.

The concern volition spot OMV clasp a bulk involvement portion Masdar volition ain 49%.

The transaction is expected to adjacent successful aboriginal 2026, pending last documentation and regulatory approvals.

A consortium led by Siemens Energy volition present the engineering, procurement, operation services for the plant.

Siemens Energy volition supply electrolysis exertion and oversee method readying arsenic good arsenic proviso captious instrumentality specified arsenic electrolysis stacks and compressors.

STRABAG, the different spouse successful the consortium, volition grip civilian engineering works and concern infrastructure operation connected site.