OMV Moves Ahead with One of Europe’s Largest Green Hydrogen Plants in Lower Austria

OMV Moves Ahead with One of Europe’s Largest Green Hydrogen Plants in Lower Austria

(IN BRIEF) OMV has secured up to EUR 123 million in production funding from Austria Wirtschaftsservice GmbH for a 140 MW green hydrogen plant in Bruck an der Leitha, following a positive assessment by the European Hydrogen Bank. Scheduled to start operations at the end of 2027, the facility will produce up to 23,000 tonnes of green hydrogen annually using renewable energy, helping cut carbon emissions by up to 150,000 tonnes per year at OMV’s Schwechat refinery. The project forms a key part of Austria’s hydrogen strategy and OMV’s Strategy 2030, with a joint venture with Masdar expected to be finalised in 2026.

(PRESS RELEASE) VIENNA, 7-Jan-2026 — /EuropaWire/ — OMV has secured major public funding support for the development of one of Europe’s largest green hydrogen production facilities, following the signing of a production funding agreement with Austria Wirtschaftsservice GmbH. The agreement provides funding of up to EUR 123 million for the construction of a large-scale electrolyser plant in Bruck an der Leitha.

The project, which was previously positively assessed and recommended for funding by the European Hydrogen Bank, is a cornerstone initiative within Austria’s national hydrogen strategy and aligns with OMV’s long-term Strategy 2030. Once operational, the facility is expected to play a central role in advancing industrial decarbonisation in Austria and beyond.

OMV plans to invest a mid-hundreds-of-millions-of-euros amount in the project. The 140-megawatt green hydrogen plant is scheduled to begin operations toward the end of 2027, positioning it among the five largest hydrogen production facilities in Europe. Using electricity generated from renewable sources including wind, solar, and hydropower, the plant will produce up to 23,000 tonnes of green hydrogen annually.

A key application of the hydrogen output will be the decarbonisation of OMV’s Schwechat refinery, which will be connected to the plant via a dedicated 22-kilometre pipeline. The project is expected to reduce carbon emissions by as much as 150,000 tonnes per year, making a substantial contribution to lowering the refinery’s carbon footprint.

Alfred Stern, Chairman of the Executive Board and CEO of OMV, said the project sends a strong signal for sustainable energy development and reinforces Austria’s position as a forward-looking industrial location. He described the combined support from the European Hydrogen Bank and the Austrian state as a milestone for the European energy transition, demonstrating how innovation and responsibility can be brought together at industrial scale.

OMV Executive Vice President for Fuels and Chemicals, Martijn van Koten, highlighted the importance of local green hydrogen production in reducing emissions from existing industrial assets. He noted that the direct pipeline connection to the Schwechat refinery enables the hydrogen to be used efficiently where it delivers the greatest decarbonisation impact.

To deliver the project, OMV is progressing plans for a joint venture with Masdar, a global clean energy leader. The partners signed an agreement in November 2025 covering the financing, construction, and operation of the electrolyser plant. The joint venture is expected to be finalised in early 2026, subject to completion of final documentation, shareholder approvals, and regulatory clearance.

About OMV Aktiengesellschaft

It is our purpose to re-invent essentials for sustainable living. OMV is transitioning to become an integrated sustainable energy, fuels and chemicals company with a focus on circular economy solutions. By gradually switching over to the low carbon business, OMV is striving to achieve net zero by 2050 at the latest. In 2024, the company generated revenues of 34 billion euros with a diverse and talented workforce of around 23,600 employees worldwide. OMV shares are traded on the Vienna Stock Exchange (OMV) and in the US on OTCQX (OMVKY, OMVJF). For more information, please visit www.omv.com.

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SOURCE: OMV