Poland’s first offshore wind farm service company is established

Energa Wytwarzanie, an ORLEN Group company, and Northland Power, have established Baltic Offshore Service Solution, the first consortium in Poland offering a comprehensive suite of offshore wind farm management services.

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ORLEN secures accreditation for automotive grade hydrogen testing

ORLEN Laboratorium’s Refining Products Testing Unit in Trzebinia is the first lab in Poland and the third one worldwide to have achieved accreditation for advanced automotive grade hydrogen testing methods. The positive assessment from the Polish Accreditation Centre holds key importance for the hydrogen producer – ORLEN Południe. In 2024, ORLEN Laboratorium aims to secure accreditation for its second lab in Włocławek, soon to house a Hydrogen Hub.

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ORLEN Group confirms gas and condensate reserves in Adriana discovery

PGNiG Upstream Norway and its license partners successfully completed drilling in the PL211 CS licence in the Norwegian Sea. The appraisal well confirmed that the Adriana field contains natural gas and condensate reserves of 28-43 million barrels of recoverable oil equivalent.

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ORLEN Group consolidated results for Q4 2023

In the three months ended 31 December 2023, the ORLEN Group generated LIFO-based EBITDA* of PLN 11.2bn and net profit of PLN 7.3bn. The full-year LIFO-based EBITDA* for 2023 was PLN 44.8bn and net profit reached PLN 27.6bn. The Group’s fourth-quarter results were positively impacted by the performance of the gas segment, which delivered an EBITDA of PLN 11bn, primarily on the back of lower gas procurement costs and higher sales. ORLEN also increased its retail sales volumes by more than 20% (y/y), partly as a result of the acquisition of service stations in Hungary and Slovakia.

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Fresh insights into CEE’s energy transition

The ORLEN Group has prepared the first report dealing so comprehensively with the pace and trajectories of Central and Eastern Europe’s energy transition. The examination of the region’s energy markets helps comprehend its potential while underscoring its specific conditions in comparison with the rest of the EU, influenced by geopolitics and wealth levels, among other factors.

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Changes on ORLEN Management Board

The Minister of State Assets appointed Witold Literacki to the ORLEN Management Board with effect from 6 February 2024. Furthermore, at today's meeting the Company's Supervisory Board appointed Witold Literacki as acting President of the Management Board with effect from 6 February 2024. At the same meeting, the following members of the current Supervisory Board: Kazimierz Mordaszewski, Tomasz Sójka and Tomasz Zieliński were delegated to the Management Board for up to three months, until a new Management Board is appointed. The new Management Board will be appointed following a competition-based recruitment process.

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ORLEN’s ESG rating upgraded

MSCI has upgraded ORLEN’s ESG rating from ‘BBB’ to ‘A’. Compared to previous scores, there have been upgrades in the environmental and social aspects, represented by the ‘E’ and ‘S’ of the ESG acronym. Significant progress has been noted in emissions reporting, decarbonisation plans, and leveraging investment opportunities in energy transition supported by clean technologies. The company has once again received very high ratings for safeguarding workers’ rights and ensuring occupational health and safety.

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Release of the Report “Multi-Energy ORLEN. The Company’s Growth from 2016 to 2023”

In this comprehensive publication, ORLEN delineates its key initiatives and triumphs over recent years, which have been instrumental in achieving our strategic objective: the establishment of Central Europe’s largest fuel and energy group, with diversified operations, a robust business model, and the capacity to execute billions of euro worth of energy security and transition projects across the region.

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The construction of a service base for offshore wind farm in Łeba has started

Work on the construction of a service base that will service the Baltic Power offshore wind farm, a joint project between ORLEN Group and Northland Power, has begun in Łeba. It will be a mother port for vessels transporting equipment and technical personnel responsible for maintaining the investment. The base will employ a total of around 60 people and will service the farm for its entire life cycle, i.e. a minimum of 25 years.

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