US EditionUAE's Masdar to Invest in Austria's Largest Hydrogen Project
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8 Articles
The Austrian energy company plans a large hydrogen production plant in Bruck an der Leitha. Almost half of it is now taken over by the renewable company of the Arab Emirates Abu Dhabi.
The energy location Bruck an der Leitha gets international tailwind: Abu Dhabi's state-owned company Masdar participates with a three-digit million in the OMV project for green hydrogen. Austria and the United Arab Emirates deepen their energy partnership. Masdar, the state-owned renewable energy company Abu Dhabis, takes over 49 percent of the planned OMV hydrogen plant in Bruck an der Leitha. The OMV retains the majority with 51 percent. "We w…
Masdar to invest in Austria’s largest hydrogen project
Abu Dhabi renewables major Masdar has partnered with Austrian energy company OMV to make a “significant investment” in the largest hydrogen project in Austria. Masdar will take a 49 percent stake in the proposed electrolysis plant in Bruck an der Leitha while OMV will retain 51 percent, Austria’s APA news agency reported. “We will build Europe’s fifth-largest electrolyser, which will allow us to produce green hydrogen,” said OMV CEO Alfred Stern…
Abu Dhabi Invests in OMV Hydrogen Plant in Bruck a.d. Leitha
Masdar, the state-owned renewable energy company from Abu Dhabi, is investing a three-digit million sum in OMV's hydrogen project in Bruck an der Leitha. The contract was signed with Ahmed Al Jaber, the UAE's Minister of Industry. Masdar will own 49 percent and OMV 51 percent of the joint venture.
According to the OMV CEO, Masdar, the state renewable company of the emirate, takes over 49 percent of the investment in the high three-digit million range
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