OMV and Kommunalkredit Austria have made a joint investment in the construction of Austria’s largest electrolysis plant in the OMV Schwechat Refinery.
Total investment will be around EUR 25 million, with OMV and Kommunalkredit each bearing half the cost. The plant is expected to go live in the second half of 2023.
From this point, the 10 MW PEM (polymer electrolyte membrane) electrolysis will produce up to 1,500 metric tons of green hydrogen a year.
“By building Austria’s largest electrolysis plant in the OMV Schwechat Refinery, we are making another contribution to reducing CO2 and to meeting climate targets, whereby hydrogen is a key technology. We deliberately opted for green hydrogen production on an industrial scale as we see the potential it holds – for lower-carbon road use as well as for reducing CO2 emissions in industrial operations.”Thomas Gangl, OMV chief Downstream Operations Officer.
“This project is a milestone in Austria’s industrial policy under the EU Green Deal. We take our responsibility towards society seriously, to contribute to measures that help to prevent climate change. As a member of the “European Clean Hydrogen Alliance”, we are backing our words with actions, supporting the construction of the electrolysis plant with green financing, and thereby making an important contribution, together with OMV, to the United Nations’ SDGs.”Bernd Fislage, CEO of Kommunalkredit Austria.
The project is supported by the Austrian Climate and Energy Fund and is part of the Hydrogen Initiative Energy Model Region Austria Power & Gas (WIVA P&G).