Masdar, a global clean energy leader, and OMV, Austria’s integrated energy, fuels, and chemicals company, 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 decarbonizing its Schwechat refinery and accelerating the energy transformation.
According to the statement, construction of the facility began in September 2025, and it is expected to be operational by 2027.
The JV between OMV and Masdar will be majority-owned by OMV, with Masdar owning 49 percent. 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 JV is anticipated to close in early 2026, conditional on completion of final documentation, shareholders’ approvals, and regulatory approvals.
Key Officials’ Comments on the Masdar-OMV Deal
Dr. Sultan bin Ahmed Al Jaber UAE Minister of Industry & Advanced Technology Chairman – Masdar
“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, stated that, “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. In doing so, we reaffirm our commitment to maintaining a strong, energy-intensive industrial base – to create jobs and secure prosperity for the future.”
Dr. Alfred Stern, Chairman of the Executive Board and CEO of OMV, noted that, “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.”
Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, commented that, “This landmark partnership with OMV marks an important step in expanding Masdar’s green hydrogen footprint in Europe and strengthening the energy collaboration between the UAE and Austria.”
“By combining Masdar’s global expertise in developing and scaling clean energy projects with OMV’s strong industrial and technological capabilities, this joint venture will accelerate the decarbonisation of hard-to-abate industries and advance the development of a sustainable hydrogen economy in Europe,” Al Ramahi added.
