The signing ceremony for the development of the hydrogen plant took place at Abu Dhabi International Petroleum Exhibition & Conference.
The plant will be executed through a joint venture (JV), with OMV holding a majority stake and Masdar owning 49%. The partnership combines OMV’s expertise in integrated fuels and chemicals with Masdar’s experience in clean energy project development, financing, and operations. Construction began in September 2025, with commercial operations targeted for 2027.
Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Masdar Chair, said: “The UAE has a longstanding commitment to working with our partners to accelerate the global energy systems transformation. This joint venture unites Masdar’s two decades of renewable energy leadership with OMV’s industrial capability, paving the way for future commercial opportunities across Europe. Today’s agreement also underscores the deep and growing collaboration between the UAE and Austria in powering growth for the information age.”
OMV, which already operates a 10MW electrolyser for green hydrogen in Schwechat, will procure the renewable electricity required for the new plant and will own the green hydrogen produced. The companies also plan to explore additional opportunities in green hydrogen, synthetic sustainable aviation fuels, and synthetic chemicals production in both the UAE and Central and Northern Europe. This follows a letter of intent signed by the two firms in April 2024.
The joint venture is expected to be finalized in early 2026, pending completion of final documentation, shareholders’ approvals, and regulatory clearances.
Masdar CEO Mohamed Jameel Al Ramahi said: “This landmark partnership with OMV marks an important step in expanding Masdar’s green hydrogen footprint in Europe and strengthening the energy collaboration between the UAE and Austria. By combining Masdar’s global expertise in developing and scaling clean energy projects with OMV’s strong industrial and technological capabilities, this joint venture will accelerate the decarbonisation of hard-to-abate industries and advance the development of a sustainable hydrogen economy in Europe.”
By 2030, Masdar aims to become a global producer of green hydrogen and its derivatives, focusing on commercial project development and building scalable platforms in key markets worldwide. Last month, Masdar was awarded contracts by Saudi Power Procurement Company for two solar photovoltaic projects in Saudi Arabia, with a combined capacity of 2GW.
The 140MW green hydrogen plant in Bruck an der Leitha is expected to play a key role in Europe’s energy transition, providing clean hydrogen to support industrial decarbonisation and reinforce energy security. The collaboration demonstrates a growing international effort to develop scalable, sustainable energy solutions while fostering economic and technological partnerships between Europe and the UAE.
