ORLEN’s hydrogen refuelling station opened in Poznań

ORLEN has inaugurated its first public 24-hour hydrogen refuelling station in Poznań, capable of serving cars, trucks and buses. The new station is a component of the Clean Cities project, co-financed by the EU under the CEF instrument and the national Green Public Transport programme. It will support a fleet of 25 city buses operated by the municipal transport company MPK Poznań, under a 15-year contract whereby ORLEN has committed to delivering 1.8 million kilograms of hydrogen fuel.

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ORLEN Group acquires stake in Atlantis field on Norwegian Continental Shelf

ORLEN Group will become a license partner in one of the five largest discoveries made on the Norwegian Continental Shelf in the last 10 years. As a result of a sales and purchase agreement signed with Source Energy, PGNiG Upstream Norway will obtain 20% stake in the Atlantis field in the North Sea. By acquiring the equity in Atlantis ORLEN Group is looking to maintain long term stability and high volumes of its gas production in Norway, which will be delivered to Poland via the Baltic Pipe.

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ORLEN Group to increase its gas production in Norway

PGNiG Upstream Norway of ORLEN Group has bought an additional 19.5% stake in the Eirin gas field from Equinor Energy. As a result of the transaction, the volume of gas that ORLEN Group will produce from the field will almost double, to over 1.5 billion cubic metres.

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ORLEN Group consolidated results for Q1 2024

In the three months ended 31 March 2024, the ORLEN Group generated LIFO-based EBITDA* of PLN 8.4 billion and net profit of PLN 2.8 billion. The stable financial results were delivered with a PLN 1 billion q/q reduction in net debt. Over the period, the Group invested nearly PLN 6.4 billion across all its business lines. The retail segment saw a 20% y/y increase in sales reflecting growing demand in Poland and the Group’s entry into a new market with the acquisition of over 260 fuel stations in Austria. The energy segment’s performance remained stable, its electricity output from renewable and low-carbon sources upped to nearly 70%.

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ORLEN invests in ultra-fast charging stations

The ORLEN VC fund has invested in EUROLOOP, a producer of ultra-fast charging stations for electric vehicles (EVs). The innovative chargers from this Polish startup are already available to motorists in seven European countries, standing out as some of the market's fastest charging solutions. These state-of-the-art stations can deliver up to 720 kW of direct current power.

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ORLEN Group reduces CO2 emissions at Sleipner Area on Norwegian Continental Shelf

Yet another production installation used by ORLEN Group on the Norwegian Continental Shelf has been connected to clean energy generated onshore. The electrification of the Sleipner field will prevent 160,000 tonnes of carbon dioxide emissions per year. About two-thirds of the gas production of PGNiG Upstream Norway in 2024 will be carried out using facilities powered from shore.

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ORLEN’s hydrogen mobility project with unprecedented EU support

The ‘Clean Cities – Hydrogen mobility in Poland’ project implemented by ORLEN has been backed by the largest grant ever awarded by the European Union for hydrogen innovation, totalling EUR 62m of non-repayable funding. The EU funds will support an ambitious agenda to erect 16 hydrogen refuelling stations available to the public across various regions of Poland and to establish a green renewable hydrogen production facility, leveraging an advanced water electrolysis process powered by renewable energy.

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Changes on ORLEN Management Board

On 10 April 2024, the Supervisory Board of ORLEN S.A. appointed Mr Ireneusz Fąfara to serve as President of the Management Board of ORLEN S.A., effective 11 April 2024.

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ORLEN Group to deliver another 1 bcm of self-produced gas via Baltic Pipe

The ORLEN Group has increased the volume of natural gas transported to Poland from its own production assets in Norway by more than 30%, equating to an additional 1 bcm annually. Gas produced from Norwegian fields by PGNiG Upstream Norway already accounts for about a half of the entire Baltic Pipe capacity booked by ORLEN.

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