Hydrogen: OMV to Invest EUR 20 Mln in Key Technology

EnergyOil & Gas ♦ Published: August 4, 2014; 18:35 ♦ (Vindobona)

OMV is currently conducting intensive research on hydrogen as alternative fuel. According to CEO Gerhard Roiss hydrogen is already part of OMV’s everyday business. The group earmarkes around EUR 20 mln for hydrogen projects.

Roiss: Hydrogen is already part of OMV’s everyday business / Picture: © OMV Aktiengesellschaft

OMV, the integrated, international oil and gas company, is preparing for future transport trends. In the coming years hydrogen is set to be an important alternative for drivers and car manufacturers.

Hydrogen is OMV’s first choice in the fuel technology of the future. The requisite infrastructure for running cars with fuel cells is already in place today and Austria’s…