PKN ORLEN and Synthos Green Energy plan a joint project to import energy from Ukraine

ORLEN Synthos Green Energy, formed by PKN ORLEN and Synthos Green Energy, is planning to start a project that will enable electricity imports from Ukraine and will help stabilise and diversify supply sources, strengthening Poland’s energy security and making a real contribution to improvement of Ukraine’s economic situation.

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PKN ORLEN launches its own venture capital fund

PKN ORLEN formed Poland’s largest corporate venture capital fund, which is to invest around EUR 100 million (PLN 500 million) over ten years in innovative projects. The result will be a dynamic acceleration of PKN ORLEN’s transition, driven by commercialisation of advanced technologies and deployment of new business models. ORLEN VC’s investments will allow PKN ORLEN to directly and indirectly enter into new promising business partnerships that will boost its international position and to develop them in collaboration with the best teams.

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ORLEN Group launches production of plastics from used cooking oils

ORLEN Unipetrol’s Czech plant in Litvínov has obtained certification enabling petrochemical production using hydrogenated vegetable oils (HVO). Partial replacement of crude oil with the alternative feedstock makes it possible to reduce emissions and respond to regulatory and market expectations. In parallel with the launch of HVO processing in the Czech Republic, the ORLEN Group is developing an innovative technology for hydrogenation of used cooking oils at its refinery in Płock.

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PKN ORLEN steps up work on nuclear technology

PKN ORLEN and Synthos Green Energy will set up a joint venture to invest in the development of micro and small modular reactor technologies. The Office of Competition and Consumer Protection has given its clearance for the establishment of ORLEN Synthos Green Energy, which will be responsible for developing and commercialising in Poland one of the most efficient, cost effective and safest energy generation technologies. This is an important contribution to ORLEN’s energy diversification efforts that will help enhance energy security for Poland and the region.

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PKN ORLEN set to strengthen its international position

PKN ORLEN has maintained a consistent focus on strengthening its position in Central and Eastern Europe, as envisaged by the ORLEN2030 strategy. As part of its geographic expansion on what are seen as the key growth markets for the entire ORLEN Group, it will build a fuel retail chain in Hungary, which will position PKN ORLEN among the region’s leading players. Topics discussed during a recent meeting between the President of the Management Board of PKN ORLEN Daniel Obajtek and the Hungarian Prime Minister Victor Orbán included the strategic aspects of energy security in this part of Europe.

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ORLEN Group plans further rapid growth in offshore wind power

The ORLEN Group has submitted applications for seven new licences to develop offshore wind farms in the Baltic Sea. Once the next stage of the administrative procedure is launched, the Group will apply for the other four licences in the region. The total capacity that could be developed in the areas covered by the applications is estimated at around 7 GW. By applying for the largest possible number of licences, the ORLEN Group wants to take advantage of the economies of scale and its track recording of implementing offshore wind energy projects.

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ORLEN Group invests in hydrogen

PKN ORLEN will spend PLN 7.4bn by 2030 on low- and zero-carbon hydrogen development projects based on renewable energy sources and municipal waste conversion technology. The ORLEN Group Hydrogen Strategy will be implemented in four key areas: mobility, refining and petrochemicals, research and development, and industry and energy. As a result, ten hydrogen hubs will be developed by the end of the decade, with motorists in Poland, the Czech Republic and Slovakia provided with access to a network of over 100 hydrogen refuelling stations. The projects will support the ORLEN Group’s transformation into a carbon-neutral multi-utility group.

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PKN ORLEN’s record performance in 2021

In 2021, PKN ORLEN posted a net profit of PLN 10.2 billion and LIFO-based EBITDA of PLN 14.2 billion. The main contributor to the record results was the petrochemical segment, followed by power generation and refining operations. Polish retail segment accounted only for 13% of the Group’s profit. Despite a marked decline in fuel margins in the Polish market, sales revenue amounted to PLN 131.6 billion...

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PKN ORLEN as Poland’s first importer of ‘green gas’

PKN ORLEN is the first company in Poland to import certified biomethane, a renewable substitute for natural gas, as part of a pilot project. This is yet another initiative under the ORLEN2030 strategy that brings the Group closer to achieving carbon neutrality and supports Poland’s energy transition.

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