ORLEN launches HVO plant to produce 300 thousand tonnes of biofuels annually from domestic feedstocks

ORLEN has significantly expanded its biofuel production capacity with the launch of a state-of-the-art hydrotreated vegetable oil (HVO) plant in Płock with a rated annual output of around 300 thousand tonnes. The investment strengthens a domestic value chain based on locally sourced feedstocks while supporting the decarbonisation of transport. Valued at more than PLN 800 million, the facility will also reduce the Group’s reliance on third-party suppliers of biofuel blending components.

Hydrogen from Finland for Polish industry – ORLEN signs key agreements

ORLEN has entered into cooperation agreements with three Finnish partners for the production and supply of renewable hydrogen and its derivatives. The agreements signed with ABO Energy Suomi, Nordic Ren-Gas and VolagHy Kuopio SPV will help secure hydrogen supplies during a period of growing demand in the years ahead. The Group is developing hydrogen technologies as one of the key pillars of industrial decarbonisation. ORLEN also plans to utilise salt caverns located in Poland for large-scale underground storage of the fuel.

ORLEN delivers record operational performance in 2024

In 2024, the ORLEN Group delivered record operational performance, marked by the highest levels of electricity generation from gas and renewable sources in its history, alongside its strongest natural gas production to date. The volume of low- and zero-emission energy generated during the year would have been sufficient to meet the annual demand of nearly half of all Polish households. This performance was supported by a more than 66% year-on-year increase in installed capacity across photovoltaic and wind assets, as well as the commencement of production from newly developed gas fields on the Norwegian Continental Shelf. The Energy and Gas segments together accounted for nearly 80% of the Group’s EBITDA, which totalled PLN 35.5 billion before impairment charges. The Management Board has recommended a record dividend of PLN 6 per share for the 2024 financial year.

ORLEN explores market for renewable ammonia

ORLEN is launching a market study and dialogue with potential suppliers of low-carbon and renewable ammonia which will be used to produce fertilizers while reducing emissions at the Anwil plant in Włocławek. The company is also exploring the potential of utilising renewable ammonia as a source of hydrogen for the production of synthetic aviation fuels.

ORLEN Halts Misguided Olefins III Project

The ORLEN Management Board has decided to halt the Olefins III project after determining that the actual implementation costs would have exceeded the initial estimates by sixfold. This decision is expected to save the company approximately PLN 15 billion. The funds will be redirected towards projects that sustainably enhance the competitiveness of both the company and the Polish economy. Irregularities related to the capital investment process have been reported to the prosecutor’s office. Additionally, ORLEN is considering pursuing a compensatory claim against former management board members, enabled by a recently adopted resolution of the General Meeting.