- Masdar will acquire a 49% stake in Austria’s largest hydrogen project, a 140 MW electrolysis plant operated by OMV, which will retain a 51% stake and operational control.
- The plant, worth a high three-digit million euros, will produce 23,000 tonnes of green hydrogen annually by 2027.
Masdar, the United Arab Emirates’ state-owned energy company, has invested in Austria’s largest hydrogen project operated by OMV.
Austria’s economy minister announced the deal at the ADIPEC energy fair in Abu Dhabi, confirming that Masdar will buy a 49% stake in the planned 140-megawatt electrolysis plant in Bruck an der Leitha. OMV will keep a 51% stake and handle operations.
Meanwhile, the companies will commit a high three-digit million-euro sum to the project. The plant will produce 23,000 tonnes of green hydrogen annually and is expected to begin operations by late 2027, ranking among Europe’s five largest hydrogen facilities.
OMV Chief Executive Officer Alfred Stern said the partnership marks a new chapter in Austria–UAE relations, describing it as the first direct investment from Abu Dhabi in Austria.
The agreement strengthens economic ties between the two countries. ADNOC, another UAE state-owned company, already holds a 24.9% stake in OMV and remains its second-largest shareholder.