ORLEN steps up efforts to deploy small nuclear reactors

PKN ORLEN and Synthos Green Energy have signed an investment agreement to set up a joint venture, ORLEN Synthos Green Energy, whose key aim will be to prepare and commercialise small nuclear reactor technology, particularly GE Hitachi Nuclear Energy’s BWRX-300 reactors, in Poland. The project will offer an opportunity to accelerate decarbonisation of the ORLEN Group’s production assets while also helping to improve energy security and drive economic growth at home due to its reliance on local supply chains.

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ORLEN stays on Alfa Romeo Racing ORLEN

In the 2022 season, PKN ORLEN will remain as the title sponsor of the Alfa Romeo Racing ORLEN team competing in the world’s most prestigious racing series – Formula 1. Robert Kubica, the only Polish driver in F1 history, will remain in the team. Finland’s Valtteri Bottas and China’s Guanyu Zhou, making his F1 debut, will partner Kubica on the Alfa Romeo Racing ORLEN team for the 2022 season. The Chinese driver joining the team is an opportunity to strengthen recognition of the ORLEN brand and support the business activities of ORLEN China. The partnership will translate into tangible business results and strengthen global recognition of the ORLEN brand. Robert Kubica will also remain ORLEN’s brand ambassador as part of bilateral cooperation that includes the ORLEN Team member’s participation in endurance races.

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European Commission grants PKN ORLEN more time to implement remedies

PKN ORLEN is finalising agreements with its partners in the implementation of remedies, who will guarantee further business development of the companies subject to the proceedings. In parallel, measures are being taken to prepare both companies for the merger process...

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PKN ORLEN is patron of Chopin concert at Expo 2020 Dubai

World Expo 2020 offers a unique opportunity to promote Poland globally. The event brings together representatives of over 190 countries and organisations and close to 2,500 Polish companies. PKN ORLEN is Strategic Partner of the Polish Pavilion and patron of the Chopin at Expo 2020 project.

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Baltic Power to hold talks with suppliers about successive project stages

Baltic Power, the vehicle responsible for the construction of PKN ORLEN and Northland Power’s first offshore wind farm, is arranging another conference for potential contractors interested in participating as a supplier for the project. The participants will learn about detailed plans for each of the seven ‘installation packages’ making up the project implementation process.

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ORLEN Południe launches production of eco-friendly, green glycol

ORLEN Południe, an ORLEN Group company, has brought on stream Poland’s first and Europe’s largest green propylene glycol production unit at its biorefinery in Trzebinia. The unit has a capacity of 30,000 tonnes a year, enough to cover as much as 75% of the domestic demand for the product.

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Environmentally friendly project in Trzebinia

ORLEN Południe, a member of the ORLEN Group, has signed a contract for the construction in Trzebinia of a UCO FAME plant which will convert used cooking oils and animal fats into 30,000 tonnes of second generation esters and 7,000 tonnes of technical grade glycerine annually.

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PKN ORLEN financial data for the 3rd quarter 2021 under segments

Petrochemicals, refining and power generation account for 75% of profits reported by the ORLEN Group for the third quarter of 2021. The retail segment in Poland currently accounts for just 15% of the Group’s EBITDA.

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PKN ORLEN’s investment in deep crude conversion in Mažeikiai will enhance the refinery’s profitability

PKN ORLEN is investing to expand its refinery in Mažeikiai. By the end of this year construction will start on a project to build deep crude conversion units enabling production of larger volumes of high-margin products. According to the agreement signed between PKN ORLEN and ORLEN Lietuva on the financing of the project, the Company is to invest EUR 641m. This will be the largest capex project carried out by the ORLEN Group in Lithuania in its operating history. The project will enhance the profitability of the refinery, contributing to strengthening energy security of the region. The project is slated for completion by the end of 2024, and it will add as much as ca. EUR 68m to annual EBITDA.

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PKN ORLEN to undertake project aimed at producing innovative biofuel component

At its Production Plant in Płock, PKN ORLEN will implement a modern technology for making hydrotreated vegetable oil (HVO). This environmentally friendly and innovative solution, consistent with the ORLEN2030 strategy, will solidify the ORLEN Group’s position on the biofuel market. It will also be ORLEN’s response to the EU’s ‘Fit for 55’ package, which includes a set of new challenges for the oil refining industry to reduce transport fuel emissions. The project, with an estimated value of approximately PLN 600m, is to be carried out in mid-2024.

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