In Vienna, representatives from Masdar and OMV signed a non-binding Letter of Intent (LOI) to explore joint opportunities in Austria, the UAE, and Central and Northern Europe. The agreement aims to foster cooperation in developing and producing sustainable aviation fuel, other synthetic fuels, and eco-friendly chemicals. The signing took place in the presence of H.E. Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Masdar Chairman, Dr. Alfred Stern, OMV Chief Executive Officer, and H.E. Dr. Wolfgang Hattmannsdorfer, Austria’s Federal Minister of Economy, Energy, and Tourism. The LOI was formalized by Mohammad Abdelqader El Ramahi, Masdar’s Chief Green Hydrogen Officer, and Martijn van Koten, OMV’s Executive Vice President for Fuels, Feedstock, and Chemicals.
Mohammad Abdelqader El Ramahi, Chief Green Hydrogen Officer, Masdar, said: “This agreement expands our partnership with OMV and moves us closer to delivering green hydrogen to drive energy system transformation and energy security. By leveraging our combined capabilities, Masdar and OMV are looking to produce green hydrogen and derivatives at industrial scale, supporting decarbonization efforts and building the green hydrogen value chain.”
Martijn van Koten, OMV Member of the Executive Board and Executive Vice President Fuels & Feedstock and Chemicals, said: “At OMV, we see the future of energy as cleaner, smarter, and more collaborative. Our exploration of new opportunities with Masdar in green hydrogen and sustainable synthetic fuels is aiming to deliver concrete business opportunities, as well as to provide a bold step toward reshaping industries and accelerating decarbonization. Together, we aim to drive innovation and set new standards for sustainable solutions both in Austria and the UAE.”
Masdar is working to become a global leader in green hydrogen production by 2030, investing in commercial projects and developing scalable platforms in key markets worldwide. OMV is committed to achieving net-zero emissions by 2050, in alignment with national and international climate goals. The company recently launched Austria’s largest green hydrogen plant, marking a significant step toward sustainable energy production.
This partnership reflects both companies’ dedication to innovative, sustainable energy solutions, aiming to create a positive impact on the environment and contribute to a cleaner energy future.
