OMV AG and Masdar have entered a partnership to develop large-scale green hydrogen and derivative production across Austria, the UAE, and northern and central Europe. This collaboration aims to produce synthetic aviation fuel, other synthetic fuels, and chemicals, with a focus on advancing decarbonization strategies. Masdar plans to achieve an annual production of 1 million metric tons of renewable hydrogen and derivatives by 2030, while OMV aims to use green hydrogen to power its refineries, targeting net-zero emissions by 2050. OMV recently launched its first commercial-scale green hydrogen plant in Austria, expected to produce 1,500 metric tons annually and reduce CO2 emissions. The company's financial report for Q1 2025 showed a decrease in net profit compared to the previous year, yet OMV remains profitable despite market challenges. The partnership between OMV and Masdar signifies a significant step towards scaling up green hydrogen production and supporting global decarbonization efforts.