OMV AG and Abu Dhabi Future Vitality Co PJSC (Masdar) have signed a binding settlement to kind a three way partnership for an under-construction 140-megawatt electrolyzer that can produce as much as 23,000 metric tons each year (MMtpa) of hydrogen in Bruck an der Leitha, Decrease Austria.
Anticipated to start out manufacturing 2027, it is going to be the most important renewable hydrogen plant in Austria and Southeastern Europe and among the many prime 5 throughout the continent, in response to Austria’s state-backed OMV. The plant’s electrolytic course of to separate water into hydrogen and oxygen is deliberate to make use of wind, photo voltaic and hydro energy.
OMV will personal 51 % and Masdar 49 %. They count on to finish the formation of the JV “early 2026” topic to shareholder and regulatory approvals, they stated in a joint assertion.
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“The partnership combines OMV’s strategic management underneath its built-in Fuels and Chemical substances enterprise and Masdar’s business, monetary and technical experience in growing and working clear vitality tasks worldwide”, the businesses stated.
“OMV, which is already operating a 10-MW electrolyzer plant for inexperienced hydrogen in Schwechat, will procure the renewable electrical energy for manufacturing and personal the inexperienced hydrogen produced”.
The plant will partly gasoline OMV’s Schwechat refinery to chop carbon emissions by as much as 150,000 MMtpa, round 10 % of the refinery’s production-related emissions, in response to OMV.
The hydrogen facility and the refinery, which has a crude oil processing capability of 9.6 MMtpa, shall be linked by way of a 22-kilometer (13.67-mile) pipeline.
OMV awarded Germany’s Siemens Vitality AG the engineering, procurement and building contract, together with the availability of the plant’s electrolysis know-how. OMV contracted Vienna-based STRABAG AG for the civil building work, OMV stated September 29 asserting the laying of the plant’s basis stone.
OMV and Masdar stated of the JV, “The partnership lays the inspiration for a future strategic collaboration between OMV and Masdar to discover inexperienced hydrogen, artificial sustainable aviation fuels (e-SAF) and artificial chemical substances manufacturing in each the UAE and Central and Northern Europe, following the signing of the letter of intent in April earlier this 12 months”.
The letter of intent is for a partnership to provide artificial aviation gasoline and different artificial fuels, in addition to artificial chemical substances, in Austria, the United Arab Emirates and northern and central Europe.
Sultan Ahmed Al Jaber, Masdar chair and United Arab Emirates trade and superior know-how minister, stated of the JV, “At the moment’s settlement additionally underscores the deep and rising collaboration between the UAE and Austria in powering progress for the data age”.
Austrian Financial system, Vitality and Tourism Minister Wolfgang Hattmannsdorfer stated, “Our purpose is obvious: Austria goals to turn into Europe’s main hydrogen hub. In doing so, we reaffirm our dedication to sustaining a robust, energy-intensive industrial base – to create jobs and safe prosperity for the long run”.
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