By Giulia PetroniOMV 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 Newswires02-15-21 0446ET

Source: Wall Street Journal February 15, 2021 09:45 UTC