Vienna-based OMV has decided to invest a significant sum in constructing a 140 MW green hydrogen electrolysis facility in Lower Austria, set to be one of the largest in Europe. This move aims to supply the nearby refinery with green hydrogen, paving the way for a reduction of around 150,000 tons of CO2 emissions annually. Green hydrogen is being recognized as a crucial element in the transition to cleaner energy, especially for sectors with challenging emissions profiles. While the current hydrogen production heavily relies on fossil fuels, OMV's initiative focuses on clean hydrogen capacity utilizing renewable energy sources. The project, anticipated to commence operations by the end of 2027, will utilize wind, solar, and hydro power for green hydrogen production. Additionally, OMV's commitment to sustainability is evident in its launch of 'Strategy 2030' to transition to renewable fuels and circular solutions, ultimately aiming for zero emissions by 2050. The company's previous electrolyzer facility, constructed in 2024, was a pioneering green hydrogen plant in Europe, meeting EU Renewable Energy Directive standards. Martijn van Koten, OMV's Executive Vice President, emphasizes the project's significance in combining industrial innovation with sustainability to reshape the production of essential fuels and chemicals.