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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Baltic Power the world's first offshore wind farm using low-emission steel

The Baltic Power offshore wind farm, a joint project of ORLEN Group and Northland Power, will be the first in the world to be built using Low-emission steel produced almost entirely from recycled raw material in an electric arc furnace powered by renewable energy. The use of this material will reduce the turbine's lifecycle carbon footprint by 10 per cent. The Baltic Power farm will start production in 2026 and will be able to power more than 1.5 million households.

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ORLEN to get involved in pioneering circular economy project

ORLEN is joining NEXTLOOPP, an international recycling project aimed to create and commercialise circular food-grade recycled polypropylene (rPP) from post-consumer waste. The innovative technology being developed is to yield a plastic material that would adhere to the stringent quality standards set by the European Union and the United Kingdom for food and cosmetic contact materials. The initiative will make the production of plastic packaging more sustainable and environmentally friendly.

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ORLEN unveils its new sustainability strategy

ORLEN has unveiled its Sustainable Development Strategy for 2024–2030. The document outlines the organisation’s strategy and goals for minimising climate impact, promoting environmental stewardship, enhancing working conditions, fostering local community engagement, and embracing responsible governance. A significant element of the strategy is the Just Transition Programme for local communities in transition-impacted areas. The implementation of the ESG objectives is poised to enhance the ORLEN Group’s competitive standing, mitigate business risks, and foster the sustained creation of shareholder value.

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ORLEN: EU funding secured for CO2 transshipment terminal

The marine terminal for the transshipment of carbon dioxide, a joint venture between ORLEN, Lafarge Cement S.A. and Air Liquide Poland, has received a European Commission grant for the preparation of project design documentation and supply chain feasibility studies. The construction of the terminal aligns with the Group’s strategic goals of reducing its own CO2 emissions and facilitating the provision of carbon management services to companies relying on CO2 capture and sequestration as the primary technology for emission reduction. Between 2027 and 2030, ORLEN aims to have the capacity to utilise or sequester 3 million tonnes of CO2 per year.

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ORLEN embarks on construction of Central Europe’s largest green energy project

The ORLEN Group has reached the Final Investment Decision (FID) to build Baltic Power, Poland’s first offshore wind farm. The project, set to bolster Poland’s energy system through the addition of nearly 1.2 GW in 2026, will be pursued in partnership with Canada’s Northland Power. Baltic Power will deliver sustainable, accessible energy to an estimated 1.5 million households. The FID means that with all the requisite construction permits in place, all key components contracted and financing secured, the project is primed for execution. Moreover, as part of its ongoing efforts to facilitate offshore industry development, the Group has initiated the construction of an installation terminal in Świnoujście.

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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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New wind farms in ORLEN Group

The ORLEN Group has entered into a conditional agreement with EDP Renewables Polska for the purchase of three wind farms in the Wielkopolska region with a total capacity of 142 MW. Additionally, there is an option for photovoltaic development up to 159 MW that can be implemented, inter alia, on the basis of cable pooling. The farms launched in 2021 and 2022 can supply clean energy to as many as c. 240 thousand households annually. The assets being acquired are not only among the most modern, but also the most effective wind farms in Poland. They are powered, among others, by 4.2 MW turbines, one of the largest currently used in Poland. The transaction is expected to be finalised later this year.

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ORLEN Group strengthens renewable energy segment

ORLEN Group plans further RES investments in the Poznań Province. Energa Wytwarzanie of the ORLEN Group has signed a preliminary agreement with Greenvolt to purchase a wind farm and four photovoltaic installations. The projects under development have a total capacity of 59 MW and, once the sale is finalised, will join the renewable energy sources of about 700 MW already operating in the ORLEN Group.

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