OMV, the integrated, international oil, gas and chemicals company headquartered in Vienna, and Kommunalkredit Austria AG (Kommunalkredit) announced a joint investment in the construction of Austria’s largest electrolysis plant in the OMV Schwechat Refinery.

Total investment will be around EUR 25 MM, with OMV and Kommunalkredit each bearing half the cost. The plant is expected to go live in the second half of 2023. 

From this point, the 10 MW PEM electrolysis will produce up to 1,500 metric t of green hydrogen a year. The green hydrogen will be used to hydrogenate bio-based and fossil fuels, substituting grey hydrogen in the refinery. This would reduce OMV’s carbon footprint by up to 15,000 metric t of fossil CO2 annually, and enables by using green hydrogen more than 17 MM CO2 emission free bus or truck km each year.