EIB Finances OMV’s 140 MW Plant in Lower Austria

The article accurately describes OMV's €450 million loan from the European Investment Bank for a 140 MW green hydrogen production facility in Bruck an der Leitha, Austria. The project aims to produce up to 23,000 tonnes of renewable hydrogen annually by late 2027, reducing CO₂ emissions by approximately 150,000 tonnes per year. The facility will be connected to OMV's Schwechat refinery via a 22 km pipeline. The financing structure includes a €600 million total investment, with the EIB covering about 75%, and Austria Wirtschaftsservice GmbH (aws) providing up to €123 million in guarantees. Masdar holds a 49% minority stake in the project. The use of Proton Exchange Membrane (PEM) electrolysis technology is central to the plant's design, with Siemens Energy supplying the PEM stacks. The project is part of OMV's Strategy 2030 to decarbonize its operations and contribute to Europe's energy transition. The information is current as of July 18, 2026.