ORLEN explores investment opportunities in Lithuania

In a meeting held today with Lithuanian Prime Minister Ingrida Šimonytė, ORLEN’s CEO Ireneusz Fąfara discussed several key points, including opportunities to invest in Lithuania’s renewable energy infrastructure, the ongoing BoB investment in ORLEN LIETUVA, its position across the Lithuanian and Baltic markets, and potential further expansion plans.

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Manufacture of key components for Baltic Power wind farm based locally in Pomerania

In preparation for the offshore installation works scheduled for the end of this year, some critical components of the Baltic Power project are currently under production. Key infrastructure, including substations for evacuating power from the offshore turbines and transmitting it to the mainland, is being constructed in the seaside region of Pomerania. Other important project components are also being manufactured in Szczecin, Kluczbork, and Żary, among other locations.

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ORLEN invests in ultra-fast charging stations

The ORLEN VC fund has invested in EUROLOOP, a producer of ultra-fast charging stations for electric vehicles (EVs). The innovative chargers from this Polish startup are already available to motorists in seven European countries, standing out as some of the market's fastest charging solutions. These state-of-the-art stations can deliver up to 720 kW of direct current power.

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ORLEN Group to deliver another 1 bcm of self-produced gas via Baltic Pipe

The ORLEN Group has increased the volume of natural gas transported to Poland from its own production assets in Norway by more than 30%, equating to an additional 1 bcm annually. Gas produced from Norwegian fields by PGNiG Upstream Norway already accounts for about a half of the entire Baltic Pipe capacity booked by ORLEN.

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Increase in ORLEN’s gas reserves on the Norwegian Continental Shelf

PGNiG Upstream Norway AS (PUN), a company of the ORLEN Group, has signed an agreement with Wintershall Dea Norge AS for the swap of interests in upstream assets in Norway. PUN will acquire an interest in the Idun Nord field and expand its holdings in the Adriana and Sabina discoveries. In exchange, it will transfer a minor part of its interest in the Ærfugl Nord field to Wintershall Dea. The transaction will increase PUN's recoverable reserves of natural gas of by more than 0.4 billion cubic meters. The asset swap is anticipated to optimise the company’s portfolio of licence interests in the Skarv area, translating into improved efficiency and lower overall cost of managing these assets.

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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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New onshore wind farms in the Greater Poland Voivodeship

ORLEN Wind 3, owned by the ORLEN Group, has signed an agreement to acquire wind farms from UK-based Octopus Renewables Infrastructure Trust PLC. The transaction encompasses assets situated in the Provinces of Poznań and Szczecin, with a total capacity of approximately 60 MW, sufficient to supply electricity to more than 100,000 households. The ORLEN Group currently boasts close to 1 GW of installed capacity in renewable energy sources.

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ORLEN invests to increase energy efficiency of its Czech refinery

ORLEN Unipetrol, the ORLEN Group’s Czech subsidiary, is in the process of constructing a heat recovery unit at its production plant in Kralupy on the Vltava River. The aim of the project is to increase the energy efficiency of Kralupy refinery by flue gas waste heat utilization, which were previously released into the atmosphere. By using the recovery unit will be flue gas heat used for heating of turbine condensate and producing of boiler feed water using in various plant processes. Implementation of the recovery unit will lead to significant energy savings of 5 MW of the thermal energy per hour. Over the course of a year, the installation will enable the recovery of as much heat as would be sufficient to heat nearly 10,000 households. The innovative solution used in this project comes from idea of employee from ORLEN Unipetrol’s development department and have been developed by engineers from ORLEN Unipetrol. The project, valued at approximately CZK 0.5 billion (around PLN 100 million), aligns with the ORLEN Group’s commitment to achieving carbon neutrality by 2050.

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ORLEN to expand its presence in global liquefied natural gas market with two new LNG carriers

‘Saint Barbara’ and ‘Ignacy Łukasiewicz’ are the new additions soon to join the ORLEN Group’s fleet of liquefied natural gas (LNG) vessels. The ship naming ceremony took place at the Hyundai Samho Heavy Industries shipyard in Mokpo, South Korea. Slated to commence sea service by the end of this year, the new vessels are set to bolster the ORLEN Group’s capacity for natural gas procurement and thus enhance Poland’s energy security.

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