WBAG:OMVOil and Gas
Should OMV's (WBAG:OMV) Green Hydrogen Plant Launch Prompt a Rethink of Its Decarbonization Pathway?
OMV has commenced construction of a 140 MW electrolysis facility in Bruck an der Leitha, Austria, which aims to become one of Europe's largest green hydrogen plants and is expected to be operational by the end of 2027 in partnership with Siemens Energy and STRABAG.
The project, part-funded by the European Hydrogen Bank, is set to supply up to 23,000 tons of green hydrogen annually to OMV’s Schwechat refinery, targeting a significant reduction in carbon emissions and demonstrating a direct...