OMV AG and Abu Dhabi Future Energy Co. PJSC (Masdar) have entered into a collaboration to produce renewable power-generated hydrogen, synthetic aviation fuel, and synthetic chemicals. The partnership spans across Austria, the United Arab Emirates, and northern and central Europe, with a focus on decarbonization efforts and building the green hydrogen value chain. Masdar is targeting the production of 1 million metric tons of renewable hydrogen and derivatives yearly by 2030, while OMV is striving to use green electrolytic hydrogen to achieve net-zero emissions by 2050. OMV recently launched its first large-scale green hydrogen facility in Austria, based at the Schwechat refinery, utilizing a 10-megawatt PEM electrolyzer powered by hydro, solar, and wind energy. This initiative aims to reduce carbon dioxide emissions significantly and produce sustainable fuels and chemicals, including aviation fuel and renewable diesel. Moreover, the project is certified under the Renewable Energy Directive (EU) 2018/2001 (RED II) for producing renewable fuel of non-biological origin. With an investment of around EUR 25 million and governmental support, the project marks a step towards sustainable industrial progress. Despite market challenges, OMV reported a net profit of EUR 288 million for Q1 2025. The company's financials indicate stability in sales revenue, with a focus on fuel, feedstock, energy, and chemical sales. OMV's commitment to green hydrogen and sustainable fuels demonstrates a positive outlook towards innovation, sustainability, and decarbonization.