OMV has secured a EUR 450 million loan from the European Investment Bank to build a 140 MW green hydrogen plant in Bruck an der Leitha, Austria. The facility is expected to produce up to 23,000 tons of green hydrogen per year and cut carbon emissions by about 150,000 tons annually, roughly 10% of the OMV Schwechat refinery's direct emissions. Total project cost is around EUR 600 million, with operations slated to start by the end of 2027. The plant will use renewable energy to produce hydrogen for the refinery, replacing fossil-based hydrogen. This is part of OMV's Strategy 2030 shift from oil and gas toward renewable fuels and circular solutions, with a net zero by 2050 target. The EIB loan signals growing institutional appetite for large scale green hydrogen infrastructure, though questions remain about electrolyzer cost, power sourcing, and whether the hydrogen will actually displace fossil hydrogen at the refinery or just supplement it.
