OMV, an energy company, has made a strategic decision to invest in a groundbreaking green hydrogen project in Bruck an der Leitha, Lower Austria. The project involves the construction of a 140 MW electrolysis plant, expected to start operations by the end of 2027. With an annual output capacity of 23,000 tons of green hydrogen, this plant will be a key player in Europe's green hydrogen production sector. The investment, subject to the outcome of the European and Austrian Hydrogen Bank auction, is significant, amounting to a mid-three-digit million-euro sum. This initiative aligns with OMV's commitment to reducing CO2 emissions, with an estimated 150,000 tons reduction per year, a considerable environmental impact. By utilizing renewable energy sources such as wind, solar, and hydro power, OMV aims to make the production processes of fuels and chemical products more sustainable. This project is a testament to the company's focus on industrial innovation and sustainability as it integrates green hydrogen into its operations. The move also reinforces OMV's role as a pioneer in industrial transformation, showcasing a harmonious blend of innovation and environmental responsibility. The future plant's certification under the EU Renewable Energy Directive further highlights OMV's dedication to promoting green energy. Overall, OMV's investment in this large green hydrogen plant signifies a significant step towards a greener and more sustainable energy future.