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.
Omv Ag Bearer (PK) (USOTC:OMVKY)
Historical Stock Chart
From Feb 2024 to Mar 2024 Click Here for more Omv Ag Bearer (PK) Charts.
Omv Ag Bearer (PK) (USOTC:OMVKY)
Historical Stock Chart
From Mar 2023 to Mar 2024 Click Here for more Omv Ag Bearer (PK) Charts.