ORLEN in the Czech Republic: two decades of dynamic growth

It has been twenty years since ORLEN took ownership of Unipetrol. In that time, through modernisation and expansion of its production facilities and retail network, the Czech company has doubled its revenue, grown its market share, and become a key contributor to the country’s fuel security. Unipetrol maintains close ties with the academic community, develops new technologies, and is actively working toward reducing the carbon footprint of its operations.

ORLEN and Naftogaz to deepen strategic cooperation

ORLEN and its Ukrainian counterpart, Naftogaz Group, are expanding their strategic partnership. The two companies have signed a memorandum of understanding to cooperate in upstream exploration, downstream development, and the reinforcement of cross-border relations and commercial ties. The envisaged cooperation will bolster Ukraine’s energy security by broadening the diversification of its supply sources – not only for natural gas, but also for crude oil – while opening avenues for the adoption of alternative fuels. The MoU was signed during the Newfolk Oil & Gas conference, the foremost event for the oil and gas industry in Ukraine, held in Lviv.

ORLEN Venture Capital invests in novel recycling technology

ORLEN Venture Capital (“ORLEN VC”) has invested in ReVentas, a Scottish start-up whose innovative recycling technology converts plastic waste into high-quality polymers for demanding applications such as consumer packaging. The technology will cut the carbon footprint of plastics and meet rising demand for premium recycled feedstocks, underscoring the priority ORLEN places on decarbonisation and circular-economy principles in the its updated ORLEN 2035 strategy.

Strong earnings delivered by ORLEN Group in Q1 2025

In the first quarter of 2025, the ORLEN Group posted a 40% y/y increase in LIFO-based EBITDA, which reached PLN 11.6 billion, while net profit surged by over 50% to PLN 4.3 billion. Approximately 80% of the operating profit figure was attributable to the hydrocarbon upstream and downstream operations and to the energy business, where key strategic development projects are underway. These include the integration of new fields in Norway to soon bring them on stream, work to develop the Baltic Power offshore wind farm, upgrade of power distribution networks, and development of two CCGT projects. During the first quarter, the number of active users of the VITAY mobile app grew by 200 thousand, and ORLEN gained around 20 thousand new retail customers for gas and electricity. Over the period, ORLEN invested PLN 6.2 billion in strategic development projects supporting the energy transition, while reducing its net debt by over PLN 8 billion q/q.

Poland’s first offshore wind farm on the Baltic Sea moves closer to completion – ORLEN Group reaches another key milestone

The ORLEN Group has reached another milestone in the development of offshore wind energy. Poland’s first operations and maintenance base dedicated to offshore wind farms is now operational in Łeba. The port infrastructure, built from the ground up, will support the Baltic Power offshore wind farm currently under construction by ORLEN in partnership with Canada’s Northland Power. Already playing a key role in the ongoing offshore construction process, the base will support the launch of Poland’s first offshore wind farm on the Baltic Sea, scheduled for completion next year.

ORLEN announces a discovery on the Norwegian Continental Shelf

ORLEN Upstream Norway, a subsidiary of ORLEN SA, together with the license partners, has made a discovery within the Skarv area in the Norwegian Sea. The size of E-prospect discovery is currently estimated at 3-7 million barrels of oil. During the drilling, an additional discovery was made, with resources estimated between 1 and 2 million barrels of oil.

ORLEN invests in advanced electrolysers

ORLEN Venture Capital (“ORLEN VC”) has invested in Hystar, a Norwegian manufacturer of high-efficiency proton-exchange-membrane (PEM) electrolysers for large-scale, zero-emission hydrogen production. Hystar’s patented design uses membranes up to ten times thinner than those in conventional units, materially improving efficiency and lowering the cost of hydrogen generation. The technology dovetails with ORLEN’s programme to produce and deploy renewable hydrogen as part of the Group’s wider energy-transition strategy.

Antarctica under ORLEN’s wings – new protected area to be established in cooperation with the Polish Academy of Sciences

ORLEN, in partnership with the Institute of Biochemistry and Biophysics of the Polish Academy of Sciences (IBB PAS), is launching a project to designate a new Antarctic Specially Protected Area (ASPA) in one of the most inaccessible regions on the planet. The initiative — the first of its kind in the history of Polish research on the southern continent — combines scientific, educational and environmental action.

ORLEN and Naftogaz strengthen partnership on gas supplies to Ukraine

ORLEN and Ukraine’s Naftogaz have signed an agreement for the supply of a further 100 mcm of natural gas. This marks the third contract under the Companies’ long-term collaboration framework, bringing the total contracted volume of US-sourced gas supplied to Ukraine to 300 mcm.