OMV has signed a funding agreement with Austria Wirtschaftsservice GmbH (aws), securing production funding guarantees of up to €123 million for its planned green hydrogen plant in Bruck an der Leitha in Lower Austria. The project had earlier received a positive assessment from the European Hydrogen Bank, which recommended it for financial support. The development is seen as a key step in strengthening Austria’s hydrogen plans and supporting OMV’s long-term business strategy, reports Indian Chemical News.
OMV said the support from European and Austrian institutions reflects growing confidence in large-scale green hydrogen projects. The company said the project highlights Austria’s role in advancing clean energy and underlines OMV’s focus on combining new technology with environmental responsibility.
The company plans to invest several hundred million euros in the Bruck an der Leitha facility. The 140 MW plant is expected to begin operations by the end of 2027 and is set to rank among the five largest green hydrogen plants in Europe. Once operational, it will produce up to 23,000 tonnes of green hydrogen each year using electricity generated from wind, solar and hydropower. OMV estimates this will reduce carbon emissions by as much as 150,000 tonnes annually.
The hydrogen produced at the plant will be transported through a 22-kilometre pipeline directly to OMV’s Schwechat refinery. The company said local production and direct supply would play an important role in cutting emissions from its fuel and chemical operations.
In November 2025, OMV entered into an agreement with Masdar, a global clean energy company, to set up a joint venture for the project. The joint venture will be responsible for financing, building and operating the green hydrogen plant. OMV said the partnership is expected to be finalised in early 2026, subject to the completion of legal documents, shareholder approvals and regulatory clearances.
