Agreement signed in Washington to develop SMR technology that would be deployed in Poland

ORLEN Synthos Green Energy is getting closer to the construction in Poland of first small modular reactors (SMRs). This is the result of an agreement for joint investment in the development of the BWRX-300 technology signed in Washington between companies from Poland, the US and Canada. For the first time ever, a Polish company has become party to an agreement for a design for nuclear power plants, while being given an opportunity to actively participate in the design process.

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ORLEN Group: effective diversification of gas imports

In 2022, LNG and pipeline deliveries from new suppliers in Norway and Lithuania accounted for more than 50% of all gas imported by the ORLEN Group’s PGNiG, with close to a quarter of those imports originating in the United States. This diversification of natural gas supplies to Poland was made possible by the expansion of the supplier base and the effective management of the increased offtake capacity at the President Lech Kaczyński LNG terminal in Świnoujście and new cross-border connections, including the Baltic Pipe running between Poland and Norway, where the ORLEN Group owns gas assets. These developments were accelerated by the complete suspension of Russian gas imports in April 2022.

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ORLEN Group invests in southern Poland to support farmers

ORLEN Group intends to buy and use cereal straw from Polish farmers to produce second-generation bioethanol, an environmentally friendly petrol additive made from non-food products. The installation, currently under construction at the Jedlicze plant, will have a capacity to produce 25,000 tonnes of bioethanol per year. This will be sufficient to fuel almost 13 million passenger cars with petrol containing the bioethanol. Once completed, the production complex will be the first of its kind in Poland and the second in Europe. The ORLEN Group has earmarked PLN 1.12 billion for the investment in this modern bio-product, and production is expected to commence in 2025.

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ORLEN Group launches hydrogen refuelling station in Czech Republic

ORLEN Group is proud to announce the launch of a new hydrogen refuelling station at the ORLEN Benzina facility in Prague - Barrandov. This station will provide environmentally friendly fuel for cars, trucks, and buses in the Czech Republic. Later this year, ORLEN Group will also introduce hydrogen stations in Poznań and Katowice, allowing drivers in Poland to fill up their cars with eco-friendly fuel. By mid-2025, further ORLEN hydrogen stations in Bielsko-Biała, Gorzów Wielkopolski, Wałbrzych, Kraków, Piła, and Warsaw will be operational. The expansion of traditional and alternative fuels to include hydrogen is a significant step towards low- and zero-emission individual and public transport. The ORLEN2030 strategy aims to support this development, promoting sustainable solutions for the future.

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Strategy 2030: ORLEN as a green energy leader and a guarantor of energy security in Central Europe

Two years ago, the ORLEN Group, as the first integrated oil&gas concern in CE, unveiled ambitious decarbonisation goals. Today the company is accelerating. In its updated strategy to 2030 ORLEN envisages an increase in investments in renewable energy sources, state-of-the-art petrochemical assets, raising biogas production volumes and an attractive offer of alternative fuels, including a significant increase in the number of electric vehicle charging points. The Group will spend a total of more than EUR 25bn (PLN 120bn) on green projects, representing about 40% of its capex plan to 2030. By decarbonising assets and reducing the use of fossil fuels the ORLEN Group will be able to further enhance energy security throughout CE, which is key considering the ongoing energy crisis exacerbated by Russia’s invasion of Ukraine. The ORLEN Group’s updated strategy, in addition to ambitious investments supporting delivery of stable profits in a varied global commodity market landscape, also envisages a progressive dividend starting from PLN 4 per share. Recommended dividend for 2022 is the highest on record, at PLN 5,5 per share.

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Post-merger fourth-quarter 2022 results posted by ORLEN Group provide solid foundation to support economic growth and enhance energy security for Poland

Sales at Polish fuel stations were not a significant contributor to the ORLEN Group’s overall performance in the fourth quarter of 2022, accounting for just around 3% of its total LIFO-based EBITDA. For the first time, the reported results reflected the consolidated performance of four companies: PKN ORLEN, Energa, LOTOS and PGNiG. In the three months to December 31st 2022, the combined ORLEN Group generated more than PLN 100bn in revenue, with a net profit margin of only 8% (PLN 8.1bn*). The fact that the ORLEN Group currently enjoys stable revenue levels is attributable, among other things, to the elimination of illegal fuel trade, which before 2016 had a negative impact on the performance of legally operating fuel companies in Poland. In 2022 alone, the ORLEN Group paid PLN 39bn in taxes to the state budget, an increase of about PLN 13bn on 2015. Throughout 2022, the ORLEN Group spent PLN 19.6bn on projects seeking to permanently improve energy security and independence, including renewable energy development projects. The massive capital spending programme was enabled by the mergers and profits delivered by the Group.

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ORLEN Group with new in-house capabilities for offshore wind

The ORLEN Group company LOTOS Petrobaltic has equipped Poland’s first vessel with a drilling system for geoengineering seabed surveys at depths of up to 120 metres. As a result, the ORLEN Group will be able to undertake seabed surveys for wind power development supporting its own projects and providing services to external clients. The vessel will commence work under its first commercial contract in Lithuanian waters later in the first quarter of 2023.

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New reserves of natural gas discovered in the Province of Lublin

The outcome of exploration work carried out by PKN ORLEN has confirmed the existence of additional 500 mcm of natural gas in the Jastrzębiec field near Biłgoraj. Thus, the field’s recoverable reserves rose to 700 mcm. The Company specialists believe that they could be even larger, which is expected to be confirmed by further work on the field.

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ORLEN Group to launch a new solar PV farm

Energa Green Development, an ORLEN Group company, has secured all permits for the first 65 MW phase of the project to construct the Mitra solar photovoltaic farm. Construction work is scheduled to start in the middle of this year. A procedure is currently under way to select the contractor. Mitra is to be built on reclaimed post-mining land in Przykona in the Province of Poznań.

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