UAE's state-owned renewable energy company, Masdar, has recently entered into a letter of intent with Austrian oil and gas company OMV to cooperate in renewable energy ventures. This partnership signifies a step towards advancing sustainability and green energy initiatives. In a related development, OMV has commenced commercial operations at a green hydrogen plant located at its Schwechat refinery. The plant is expected to play a pivotal role in the production of sustainable aviation fuel (SAF). The collaboration between Masdar and OMV aims to leverage each other's expertise in the energy sector to drive innovation and contribute to a more sustainable future. The joint efforts of these two companies highlight the increasing importance of renewable energy sources in the global energy landscape.