Masdar, UAE’s global clean energy leader, and Austria’s OMV will jointly finance, construct and operate a 140MW green hydrogen electrolyser plant in Bruck an der Leitha, Austria.
The joint venture 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 began in September 2025 and it is expected to be operational in 2027.
OMV will hold a majority 51 per cent stake in the JV and Masdar 49 per cent. The JV is anticipated to close in early 2026, depending on completion of final documentation and mandatory approvals.
The partnership combines OMV’s 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.
Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and Chairman of Masdar, commented: “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.”
Dr Wolfgang Hattmannsdorfer, Austria’s Federal Minister of Economy, Energy and Tourism, added: “We can only secure jobs and prosperity in Austria if we stand firmly for open trade and build successful international partnerships. Together with the strategic partnership between OMV and Masdar, we have brought one of the largest direct investments of recent years to Austria.
“OMV and Masdar are jointly constructing the fifth-largest hydrogen plant in Europe – right here in Austria. This project further strengthens Austria’s leading role in a key technology of the future. Our goal is clear: Austria aims to become Europe’s leading hydrogen hub.”
The binding agreement was signed at ADIPEC in the presence of Dr Al Jaber, Dr Hattmannsdorfer, Dr Alfred Stern, Chairman of the Executive Board and CEO of OMV; and Mohamed Jameel Al Ramahi, CEO of Masdar.
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.
OMV’s Dr Stern added: “Green hydrogen is a key element in OMV’s Strategy 2030 for decarbonising 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.”
Masdar is aiming to be a leading producer of green hydrogen and its derivatives globally by 2030. It is developing and investing in commercial projects and building scalable platforms in key markets around the world.
