OMV and Kommunalkredit have announced a joint investment in the construction of Austria’s largest electrolysis plant in the OMV Schwechat Refinery. Total investment will be around 25 million euros, with OMV and Kommunalkredit each bearing half the cost. The plant is expected to go live in the second half of 2023. From this point, the 10 MW PEM electrolysis plant will produce up to 1,500 metric tons of green hydrogen a year.