ORLEN partners with Yokogawa to develop cutting-edge technology for sustainable aviation fuel production

ORLEN and Yokogawa Europe, the regional headquarters for Japan’s Yokogawa Electric Corporation, announce they have joined forces to initiate industrial-scale production of carbon neutral synthetic aviation fuels. In a landmark Memorandum of Understanding signed on September 21, the two companies have come together to enhance the technological process responsible for synthesising fuel from carbon dioxide and green hydrogen. ORLEN is looking to establish itself as a frontrunner in this emerging market segment, poised to drive effective decarbonisation of the aviation industry.

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ORLEN Group will build its own oil pressing plant

ORLEN Południe, part of the ORLEN Group, has signed a contract for the construction of a state-of-the-art oilseed processing plant in Kętrzyn (Province of Olsztyn). The plant is set to process 500 thousand tonnes of rapeseed annually, yielding a production output of 200 thousand tonnes of oil for the purpose of manufacturing low-carbon biofuels. This investment will not only generate employment opportunities but will also be a stable source of demand for Polish farmers cultivating the rapeseed crop.

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Baltic Power secures credit facility agreements for Poland’s first offshore wind farm

The ORLEN Group and Northland Power have entered into credit facility agreements to finance their joint Baltic Power project, the first wind farm, which will be constructed in the Polish waters of the Baltic Sea. The agreements have been signed with a syndicate comprising 25 Polish and international financial institutions, marking one of the key stages in the project preparation process.

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ORLEN acquires Poland’s first hydrogen-powered locomotive and commences testing phase

ORLEN has been consistently developing hydrogen technology for transport applications. The Group has recently purchased a state-of-the-art locomotive from PESA Bydgoszcz, making it the first hydrogen-propelled rail vehicle in Poland. Concurrently, the testing phase has commenced. As part of the operational tests, the locomotive made its maiden voyage between Gdynia and Hel. This marks yet another project aligned with the ORLEN Group’s hydrogen strategy to use hydrogen in rail and public transport. The Group plans to invest PLN 7.4bn by 2030 in hydrogen technologies based on renewable energy sources and waste-to-hydrogen technology.

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ORLEN completes its rebranding in the Slovak market

The size of the company’s retail network in Slovakia has almost doubled this year, with all 90 stations now operating under the ORLEN brand. Following this successful rebranding, ORLEN is going to focus on enhancing its non-fuel product range and advancing the distribution of alternative fuels, which will include launching the first electric vehicle charging points. The plans also provide for further growth in the number of service stations.

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ORLEN set to start construction of installation terminal in Świnoujście

The ORLEN Group has selected a contractor for the onshore part of the installation terminal, which will support offshore wind farms. Construction will begin in October and will be completed in late 2024 or early 2025. Once completed, the terminal will facilitate the installation of more than 80 offshore wind turbines per year. It will be equipped to handle the Baltic Power project as well as other planned wind ventures.

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ORLEN is actively expanding its presence in Norway to bolster Poland’s energy security

The ORLEN Group is strengthening its position in Norway and preparing to launch production from new fields. Over the next few months, the Group is set to start production from the Tommeliten Alpha field, which will yield an additional 0.5 billion cubic meters of natural gas annually. This is one of nine investment projects undertaken in the past two years to enhance the ORLEN Group’s gas production on the Norwegian Continental Shelf. The gas extracted from the new fields will be transported to Poland through the Baltic Pipe pipeline, reinforcing the country’s energy security and independence.

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ORLEN to store carbon dioxide beneath seabed

The ORLEN Group will offer customers new services related to the collection and management of industrial carbon emissions. CO2 storage in Poland, including beneath the Baltic Sea floor, will be essential to sustaining the competitiveness of the country’s industries with high emission costs. The ORLEN Group intends to leverage the experience gained in the Barents Sea to develop these services To that end it has entered into a partnership with Norway’s Horisont Energi AS to explore potential collaboration on a project standing out as one of the most advanced CCS initiatives on the Norwegian Continental Shelf.

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The results of the combined ORLEN Group for the second quarter of 2023

The retail segment’s contribution to ORLEN Group’s second-quarter result was modest again due to factors including a decline in fuel margins. Sales at fuel stations in Poland represented merely around 1% of LIFO-based EBITDA from the beginning of the year. Also sales of the refining segment more than halved compared with the prior quarter. The combined ORLEN Group generated around PLN 75bn in revenue, with a net profit margin of only 6% (PLN 4.5bn). This proportion is close to the level posted prior to the war in Ukraine. The result was achieved through consolidation with Grupa LOTOS and PGNiG, and best reflects the strong position of the ORLEN Group, which was one of the five fastest advancing companies in the Fortune Global 500 ranking. The scale-up of the combined ORLEN Group’s operations also increases tax revenue streams to the state budget. As Poland’s largest tax payer, ORLEN has already paid PLN 36.5bn in taxes in the first six months of this year, about PLN 20bn more than in the same period last year. This means that with the completed acquisitions and investment projects underway, a large and strong ORLEN genuinely contributes to the sustainable economic and social advancement of Poland.

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