- Non -binding declaration of intent to cooperate in the production of green hydrogen, synthetic sustainable flight fuels and other synthetic chemicals
- The agreement includes potential options for the production of green hydrogen and its derivatives in Austria, the United Arab Emirates (VAE) and in Central and Northern Europe
- Masdar and OMV want to accelerate the scaling and commercialization of green hydrogen in order to promote energy transition and energy safety
Abu Dhabi Future Energy Company PJSC – Masdar, the leading company for clean energy in the VAE, and OMV have concluded an agreement on the cooperation in the production of green hydrogen, synthetic sustainable air fuel (ESAF) and other sustainable products.
Representatives of Masdar and OMV have signed a non-binding declaration of intent in the cooperation in future projects in Austria, VAE and in Central and Northern Europe. Both companies strive to evaluate new opportunities for the development and production of synthetic sustainable flight fuel, other synthetic fuels and synthetic chemicals.
The declaration of intent was in the presence of his excellence Dr. Sultan Ahmed al Jaber, Minister of Industry and Top Technology of the VAE and CEO of Masdar, Dr. Alfred Stern, General Director of OMV, and Dr. Wolfgang Hattmannsdorfer, Austria’s Federal Minister of Economics, Energy and Tourism, signed. The actual signing took place by Mohammad Abdelqader El Ramahi, Chief Green Hydrogen Officer, Masdar, and Martijn van Koten, member of the OMV board member and executive Vice President Fuels & Feed Stock and Chemicals.
Mohammad Abdelqader El Ramahi, Chief Green Hydrogen Officer, Masdar, said: “This agreement deepens our partnership with OMV and, when providing green hydrogen to promote the energy transition and creation of energy safety. By bundling our skills, Masdar and OMV want to produce green hydrogen and its derivatives on an industrial scale, Support decarbonization efforts and build a chain of value for green hydrogen. ”
Martijn van Koten, OMV member of the board as well as executive Vice President Fuels & Feedstock and Chemicals: “At OMV we see the energy future of green, intelligent and cooperative. When exploring new possibilities together with Masdar in the areas of green hydrogen and sustainable synthetic fuels. Training the industry and acceleration of decarbonization.
Masdar wants to become a worldwide leading manufacturer of green hydrogen and its derivatives by 2030. To this end, the company is investing in the development and implementation of commercial projects and builds up scalable platforms in important markets around the world.
In accordance with national and international climate goals, OMV has set itself the goal of reaching net zero emissions by 2050 at the latest. An essential component is the use and production of green hydrogen using electrolysis made of renewable electricity for use in your own refineries.
About OMV
It is our corporate purpose to reinvent the basics for a sustainable life. OMV is changing into an integrated company for sustainable chemicals, fuels and energy with a key role in the circular economy. Due to the gradual conversion to a carbon-less low-carbon, OMV is aiming to achieve net zero emissions by 2050 at the latest. In 2024, the company achieved sales of EUR 34 billion and employed around 23,600 various and talented employees: inside worldwide. OMV shares are traded on the Vienna Stock Exchange (OMV) and as American Depository Recepts (Omvky) in the USA. Further information on www.omv.com.
About Masdar
Masdar (Abu Dhabi Future Energy Company) is one of the fastest growing companies in the field of renewable energies worldwide. As a global pioneer for clean energy, Masdar drives the development and use of technologies in the areas of solar, wind power, geothermal energy, battery storage and green hydrogen to accelerate the energy transition and to support the world in achieving its net zero goals. Since its foundation in 2006, Masdar has developed and invested projects in more than 40 countries with a total capacity of over 50 gigawatts. This enables the company to have affordable access to clean energy and contributes to a more sustainable future.
Masdar is a joint venture between TAQA, ADNOC and Mubadala and has set itself the goal of increasing its capacity in the field of renewable energies to 100 gigawatts by 2030. Masdar also wants to become a leading manufacturer of green hydrogen by 2030.
Contact:
Please send media inquiries to: press@masdar.ae
For more information, see our website https://www.masdar.ae. Also visit us on facebook.com/masdar.ae and twitter.com/masdar.