OMV gets loan from EIB for Its 140 MW green hydrogen production facility
In the UK, Fuel Cells Works reported that the European Investment Bank (EIB) has granted a $514 million loan to support the construction of OMV’s green hydrogen production plant, which is set to significantly contribute to the decarbonization of the Schwechat refinery in Lower Austria.
With a total investment of $686 million, this 140 MW plant in Bruck an der Leitha is currently under construction and scheduled to commence operations by the end of 2027. Using renewable energy, OMV will produce up to 23,000 tons of green hydrogen per year, according to the report.
“Green hydrogen is a cornerstone of Europe’s transition to a competitive, climate-neutral and secure energy system,” said EIB Vice-President Karl Nehammer. “By supporting green hydrogen production at industrial scale, we are strengthening Europe’s competitiveness, reinforcing our energy security and helping decarbonize refining by replacing fossil-based hydrogen with renewable hydrogen. This investment also lays the foundation for the future production of sustainable aviation fuels, supporting the EU’s climate and energy security objectives,” he added.
Category: Hydrogen
