PKN ORLEN invests to develop its refining and petrochemical production

​PKN ORLEN has commenced the construction of a visbreaking unit, a key project for the Płock refinery. Worth approximately PLN 1bn, it will significantly increase the yield of light products: gasoline and diesel oil. Once completed at the end of 2022, it will boost the ORLEN Group’s EBITDA by up to PLN 415m annually.

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PKN ORLEN continues to invest in petrochemicals business

​As part of a programme to expand phenol production capacities at its plant in Płock, PKN ORLEN has purchased a licence and basic engineering design package for an isopropanol unit. If the project receives a go-ahead, PKN ORLEN will be the world’s fifth company to implement this innovative technology.

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PKN ORLEN has entered the decisive stage of negotiations with the EC over its proposed acquisition of the LOTOS Group

​The European Commission has enabled PKN ORLEN to review the results of the analysis carried out in second stage of the proceedings of the potential acquisition of the LOTOS Group. In line with the practice for this phase of procedure, the ‘Statement of Objections’ has been applied. A written Statement of Objections issued by European Comission will help PKN ORLEN align its proposed remedial measures with the Commission’s guidelines and formally submit them in the near future.

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Mažeikiai regains railway connection with Latvia

​A train heading for Latvia left the Mažeikiai refinery today. ORLEN Lietuva will again export its products via Renge after a 12-year break, as Lithuanian Railways fulfilled its commitment in December last year to rebuilt a 19 kilometre long railway section, thus restoring the shortest rail route from the Mažeikiai refinery to Latvia, dismantled in 2008.

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PKN ORLEN to optimise oil refining

​As previously announced, PKN ORLEN is expanding its production assets to enable more efficient use of feedstocks. To that end, a new visbreaking unit, of key importance to the Company’s refinery in Płock, will be built to increase the yield of light products: gasoline and diesel oil. The project worth approximately PLN 1bn is planned to start commercial operation by the end of 2022. It is expected to add up to PLN 415m to PKN ORLEN’s annual EBITDA. Once all investment projects currently underway at the refinery are completed after 2022, annual EBITDA is estimated to grow by over PLN 600m in total.

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PKN ORLEN claims compensation for contaminated oil

​PKN ORLEN demands that Russian suppliers pay compensation for delivering contaminated oil. The compensation is to cover, among others, additional costs of processing such oil. “In line with our...

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PKN ORLEN plans a new investment project at its Płock refinery

​PKN ORLEN has plans to build a new visbreaking unit on a turnkey basis to maximise yields of high-margin products across its Płock refinery. The project will cost approximately PLN 1bn.

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Olefin plant extension nearer at hand

​PKN ORLEN’s Petrochemicals Development Programme is about to reach another milepost. As part of the project to extend the olefin complex in Płock, a contract has been signed for technical consultancy and Project Management Contractor (PMC+) services. It is expected to optimally prepare the project for successful delivery within the allocated budget and schedule.

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The Commission's in depth analysis concerning ORLEN/LOTOS merger continues

​As a matter of customary practice, the Commission has issued a standard ‘stop the clock’ decision for the second phase of its evaluation, so that PKN ORLEN has more time to gather additional information requested by the Commission. The ‘stop the clock’ procedure is now commonly used by the Commission for the purpose of in-depth investigations, especially into complex acquisitions, so that the Commission can take a well informed decision.

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