Austria: Green Hydrogen Production Austria’s Largest Electrolysis Plant to Be Built at OMV Schwechat Refinery
The integrated, international oil, gas and chemicals company, OMV, and Kommunalkredit Austria have announced a joint investment in the construction of Austria’s largest electrolysis plant on the premises of Schwechat Refinery.
Vienna/Austria — For a total investment of around € 25 million, OMV and Kommunalkredit will built Austria's largest electrolysis plant to date. Each of the partners will bear half of the cost. The plant is expected to go online in the second half of 2023.
From this point, the 10 MW PEM (polymer electrolyte membrane) electrolysis will produce up to 1500 metric tons of green hydrogen a year. The green hydrogen will be used to hydrogenate bio-based and fossil fuels, substituting grey hydrogen in the refinery. This would reduce OMV’s carbon footprint by up to 15,000 metric tons of fossil CO2 annually, and enables by using green hydrogen more than 17 million CO2 emission free bus or truck kilometers each year.
“We deliberately opted for green hydrogen production on an industrial scale as we see the potential it holds – for lower-carbon road use as well as for reducing CO2 emissions in industrial operations”, said Thomas Gangl, OMV Chief Downstream Operations Officer. The company laid out its ambitious climate targets back in July 2020. These include reaching net-zero emissions in operations (Scope 1 and 2) by 2050 or sooner. OMV plans to achieve net zero through energy-efficiency measures, new technologies such as carbon capture and storage or carbon capture and utilization, hydrogen, renewables (like the photovoltaic plant in Austria), and measures to optimize the portfolio. The successful and economic feasible implementation of these sustainable and innovative technologies will require an incentive system that extends beyond Austrian and European legislation.
Promoting the EU’s Green Deal, the energy transition and sustainable infrastructure and energy financing, Kommunalkredit is focused on advancing innovative technologies in its Austrian domestic market to address major challenges such as economic growth, job creation, and climate-protection measures.