Masdar, the UAE’s clean energy company, and Austria’s integrated energy firm OMV have signed a non-binding Letter of Intent (LOI) to explore joint development of green hydrogen, synthetic sustainable aviation fuel (eSAF), and other sustainable products. The agreement, signed in Vienna, aims to accelerate decarbonization efforts across Austria, the UAE, and Central and Northern Europe. Masdar aims to become a leading global producer of green hydrogen by 2030, actively developing commercial-scale projects worldwide. OMV, as part of its 2050 net-zero target, is focusing on green hydrogen production through electrolysis using renewable energy. The collaboration between Masdar and OMV seeks to deliver concrete business opportunities, drive innovation, and set new standards for sustainable solutions in the energy sector. Both companies are committed to advancing energy transition efforts and reshaping industries through the development of green hydrogen and sustainable synthetic fuels.