PKN ORLEN completes three transactions in Poland with Aramco

PKN ORLEN has finalised three transactions with Aramco involving refining, wholesale and plane fuel businesses, following PKN ORLEN’s merger with Grupa LOTOS. The European investments support expansion of Aramco’s global downstream presence. Moreover, the joint development agreement of PKN ORLEN, Aramco and SABIC for the potential Gdansk project was signed. Aramco is to supply almost 45% of PKN ORLEN’s crude oil requirement under the agreement.

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Modern, strong ORLEN means stable fuel, gas and electricity prices

The ORLEN Group has finalised its merger with PGNiG, thus establishing Central Europe’s largest energy group ranking among top 150 companies in the world by revenue and serving more than 100 million customers. By combining its operations with PGNiG, the ORLEN Group has created the potential to make multibillion-dollar investments that strengthen the energy security and independence of all of Central Europe, and is therefore able to effectively deliver the energy transition in the markets where it is present.

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PKN ORLEN implements remedies in accordance with the EC Decision

PKN ORLEN has signed an agreement to sell 100% of shares in LOTOS Biopaliwa to Rossi Biofuel as part of implementation of the remedies approved by the European Commission in connection with the closed acquisition of Grupa LOTOS. Work is also underway to finalise agreements with other partners. PKN ORLEN is in the process of building a strong multi-utility group that will be the leader of energy transition in Poland and in the region and will ensure stable supplies of energy for the economy and customers.

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ORLEN Group integrated report 2021

The ORLEN Group has published an online version of its Integrated Report, providing a summary of its activities in 2021. It is a modern tool for the Group to communicate with the market, meeting new financial and non-financial reporting regulations.

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ORLEN - LOTOS merger completed

The ORLEN Group has finalised its merger with Grupa LOTOS, strengthening its leading role in the fuel and energy industry in Central and Eastern Europe. The final step in the process that has been successfully completed was registration of the merger by the District Court of Łódź. The merger paves the way for unlocking synergies inherent in leveraging the potential of the two companies.

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PKN ORLEN closing its merger with LOTOS Group

PKN ORLEN has secured the European Commission’s clearance of its intended merger with the LOTOS Group. Closing an important phase of the merger process, the antitrust clearance marks a leap forward in building a strong multi-utility group that will effectively carry out the energy transition and ensure Poland’s energy security and independence in terms of feedstock supplies.

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PKN ORLEN and Grupa LOTOS in final straight for merger

PKN ORLEN and Grupa LOTOS have just agreed and signed a merger plan involving transfer of the LOTOS assets to PKN ORLEN. In exchange for shares held in Grupa LOTOS, its existing shareholders will receive shares in the enlarged PKN ORLEN.

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Microsoft teams up with ORLEN Skylight accelerator as its technology partner

PKN ORLEN has signed an agreement marking the beginning of a collaboration between the ORLEN Skylight accelerator and Microsoft Founders Hub 101. The alliance will enable startups participating in the accelerator programme run by PKN ORLEN to receive free access to numerous Microsoft tools and resources, including Microsoft Cloud and GitHub. The collaboration also includes support from Microsoft experts and specialists.

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ORLEN Group invests in hydrogen

PKN ORLEN will spend PLN 7.4bn by 2030 on low- and zero-carbon hydrogen development projects based on renewable energy sources and municipal waste conversion technology. The ORLEN Group Hydrogen Strategy will be implemented in four key areas: mobility, refining and petrochemicals, research and development, and industry and energy. As a result, ten hydrogen hubs will be developed by the end of the decade, with motorists in Poland, the Czech Republic and Slovakia provided with access to a network of over 100 hydrogen refuelling stations. The projects will support the ORLEN Group’s transformation into a carbon-neutral multi-utility group.

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