OMV and Austria s Kommunalkredit invest 25 million Euro in green hydrogen production – The Diplomat Bucharest thediplomat.ro - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thediplomat.ro Daily Mail and Mail on Sunday newspapers.
OMV and Kommunalkredit to construct Austria’s largest electrolysis plant
Plans have today (15
th Feb) been unveiled for Austria’s largest electrolysis plant that will produce up to 1,500 metric tonnes of green hydrogen annually.
To be located in the OMV Schwechat Refinery, the €25m plant will be constructed as part of a joint investment between international oil, gas and chemicals company OMV and Kommunalkredit Austria AG.
Green hydrogen produced at the site will be used to hydrogenate bio-based and fossil fuels, substituting grey hydrogen in the refinery, reducing OMV’s carbon footprint by up to 15,000 metric tonnes of fossil CO2 annually.
Business Planet looks at how one German firm s hydrogen technology could bridge the gap in the quest for clean energy.
For decades hydrogen has been touted as a fuel of the future. But despite its huge potential to decarbonise the economy, the element has never really lived up to its enormous promise.
German firm Hydrogenious, however, reckons hydrogen s day in the sun has finally arrived. The company says its tech can safely store, handle and transport hydrogen at low cost. That is important for so-called green hydrogen - hydrogen made without fossil fuels - as it provides the means to link renewable energy production sites, like wind farms and solar power plants, to areas where the hydrogen is most needed.
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