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OMV and Kommunalkredit invest in the production of green hydrogen

Schwechat refinery © OMV Aktiengesellschaft

Total investment will be approx. € 25 million, with the plant expected to come on stream in the second half of 2023. From this point, the 10 MW PEM (polymer electrolyte membrane) electrolysis will produce up to 1,500 metric tonnes of green hydrogen annually. The green hydrogen will be used to hydrogenate bio-based and fossil fuels to enable grey hydrogen to be substituted in the refinery. In turn, this would reduce OMV's carbon footprint by up to 15,000 tonnes of fossil CO₂ annually. Moreover, the use of green hydrogen would also serve as the basis for 17 million CO₂-free bus or truck kilometres every year.

"This project is a milestone in Austria's industrial policy under the EU Green Deal. We take our responsibility towards society seriously, particularly with respect to measures helping to prevent climate change. As a member of the 'European Clean Hydrogen Alliance', we are backing our commitment with action by supporting the construction of the electrolysis plant with green financing. In this way, we are making an important contribution together with OMV towards achieving the SDGs of the United Nations", said Bernd Fislage, CEO of Kommunalkredit Austria AG.

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