Abu Dhabi renewables major Masdar has partnered with Austrian energy company OMV to make a “significant investment” in the largest hydrogen project in Austria.
Masdar will take a 49 percent stake in the proposed electrolysis plant in Bruck an der Leitha while OMV will retain 51 percent, Austria’s APA news agency reported.
“We will build Europe’s fifth-largest electrolyser, which will allow us to produce green hydrogen,” said OMV CEO Alfred Stern.
The plant will begin operations by the end of 2027, have an electrolyser capacity of 140MW and produce up to 23,000 tonnes of green hydrogen annually for industrial applications.
The total cost of the project was not given but it was reported that Masdar will cover 49 percent of the cost.
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Local media reports have estimated the total investment at €700 million. OMV will retain operational management, the report said.
Adnoc is already the second largest shareholder in OMV, a partially state-owned company, with a 24.9 percent stake.
Masdar is joint-owned by Abu Dhabi’s state-owned Taqa (43 percent), Mubadala (33 percent) and Adnoc (24 percent).
The hydrogen rainbow
- Green hydrogen is produced on a carbon-neutral basis through water electrolysis.
- Turquoise hydrogen is created when natural gas is broken down into hydrogen and solid carbon with the help of methane pyrolysis.
- Blue hydrogen is generated from the steam reduction of natural gas.
- Grey hydrogen is obtained by steam reforming fossil fuels such as natural gas or coal.
- Sometimes other colours are ascribed to hydrogen, based on how it is produced. For red, pink and violet hydrogen, the electrolysers are driven by nuclear power.
- Yellow hydrogen is hydrogen produced from a mixture of renewable energies and fossil fuels.
- White hydrogen is a waste product of other chemical processes, while the use of coal as a fuel produces brown hydrogen.
The hydrogen rainbow
- Green hydrogen is produced on a carbon-neutral basis through water electrolysis.
- Turquoise hydrogen is created when natural gas is broken down into hydrogen and solid carbon with the help of methane pyrolysis.
- Blue hydrogen is generated from the steam reduction of natural gas.
- Grey hydrogen is obtained by steam reforming fossil fuels such as natural gas or coal.
- Sometimes other colours are ascribed to hydrogen, based on how it is produced. For red, pink and violet hydrogen, the electrolysers are driven by nuclear power.
- Yellow hydrogen is hydrogen produced from a mixture of renewable energies and fossil fuels.
- White hydrogen is a waste product of other chemical processes, while the use of coal as a fuel produces brown hydrogen.
