OMV Secures €450 Million EIB Backing to Build One of Europe’s Largest Green Hydrogen Projects
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With an investment of around EUR 600 million, one of Europe's largest hydrogen electrolysis plants is being built in Bruck an der Leitha. The European Investment Bank is supporting the OMV project with a loan of EUR 450 million. Start-up is planned by the end of 2027. OMV's hydrogen electrolysis plant in Bruck an der Leitha (Lower Austria) is under construction and is expected to cost around EUR 600 million and go into operation by the end of 20…
The planned OMV hydrogen electrolysis plant in Bruck an der Leitha (Lower Austria) is a joint venture with Masdar from Abu Dhabi. OMV is expected to become majority shareholder with 51 percent.
OMV Secures €450 Million EIB Backing to Build One of Europe’s Largest Green Hydrogen Projects
Vienna-based integrated chemicals, fuels and energy company OMV announced today a new €450 million (USD$514 million) loan agreement with the European Investment Bank (EIB), to help fund the construction of one of the largest green hydrogen production plants in Europe. The new 140 MW plant, located in Bruck an der Leitha, is currently under construction and scheduled to commence operations by the end of 2027. The facility is expected to produce u…
VIENNA. The hydrogen electrolysis plant will be one of the five largest electrolyzers in Europe with an output of 140 megawatts.
* THE APPENDIX TO THE MANUFACTURING OF GREEN WATER MATERIAL WITH A TOTAL INVESTMENT VOLUME OF EUR 600 MILLION IS PREPARED IN NETHER AUSTRIA * THE PRODUCED GREEN WATER MATERIAL SHOULD SUPPORT THE DISCOUNTING OF THE OMV RAFFINERY WHITE AND CONTRIBUTION TO EUROPE'S ENERGY CONTRIBUTION * WITH A BENEFIT OF 140 MW THE APPENDIX OF ONE OF THE GROUNDS FOR GREEN WATER MATERIAL IN [...] The OMV contribution receives a EUR 450 million loan from the European…
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