OMV, Kommunalkredit Invest in Green-Hydrogen Production in Austria
February 15 2021 - 5:01AM
Dow Jones News
By Giulia Petroni
OMV AG and Kommunalkredit Austria AG will jointly invest a total
of around 25 million euros ($30.3 million) to build an electrolysis
plant in the Schwechat refinery in Austria.
The Austrian energy company said Monday that the plant is
expected to produce up to 1,500 metric tons of so-called green
hydrogen--hydrogen from renewable sources--a year. It is set to go
live in the second half of 2023.
Kommunalkredit Austria is a specialist bank for infrastructure
and energy financing.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
February 15, 2021 04:46 ET (09:46 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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