FURTHER INVESTMENTS BY ORLEN VC

Innovative systems designed to improve wind turbine performance and robotic solutions to handle industrial inspections are among the latest investments of ORLEN VC, Poland’s largest corporate venture capital fund, specialising in promising technology startups. ORLEN VC has also completed another indirect investment in Environmental Technologies Fund, a UK-based venture capital fund investing in startups with a focus on energy transition and future mobility.

ORLEN tests innovative labels

PKN ORLEN is testing an innovative electronic price labelling technology PESL as part of its ORLEN Skylight accelerator programme. Perovskite cell-powered labels enable the use of algorithms to dynamically manage prices and promotional content at the selected ORLEN service station, making it possible to adjust product prices to reflect seasonality, availability or temporary special offers.

PKN ORLEN evaluates a potential investment in petrochemicals with Aramco and SABIC

PKN ORLEN has confirmed it is discussing with Aramco and SABIC the possibility of collaborating in investments in various petrochemical business segments. An existing triparty MoU will be extended to evaluate a potential joint development of a large-scale mixed feed steam cracker and downstream derivatives integrated with the Gdańsk refinery. Moreover, PKN ORLEN and Aramco continue to explore areas of cooperation in the field of research and development.

Green fuel from ORLEN to power LOT aircraft

The hydrotreated vegetable oil plant currently under construction in Płock will enable PKN ORLEN to offer a low-carbon sustainable aviation fuel (SAF) to airlines starting from 2025. This innovative product will be made from used cooking oils. SAF offers a reduction of up to 80% in carbon emissions over the lifecycle of the fuel compared to traditional jet fuel and is suitable for jet engines used in aircraft today. PKN ORLEN and PLL LOT have signed an agreement on cooperation in implementing pro-environmental solutions helping to meet the requirements of the EU’s Fit for 55 package.

Microsoft teams up with ORLEN Skylight accelerator as its technology partner

PKN ORLEN has signed an agreement marking the beginning of a collaboration between the ORLEN Skylight accelerator and Microsoft Founders Hub 101. The alliance will enable startups participating in the accelerator programme run by PKN ORLEN to receive free access to numerous Microsoft tools and resources, including Microsoft Cloud and GitHub. The collaboration also includes support from Microsoft experts and specialists.

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.

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.

ORLEN Group to launch international hydrogen program

​The ORLEN Group is launching HYDROGEN EAGLE, an investment program to develop an international chain of hydrogen hubs powered by renewable energy sources and build innovative facilities to convert municipal waste into zero- and low-emission hydrogen. The project also provides for the construction of more than 100 hydrogen refuelling stations for individual, public and cargo transport.

ORLEN to build first hydrogen refuelling stations on Czech market

​The ORLEN Group is engaged in consistent work to develop environmentally friendly hydrogen technologies. Construction of hydrogen refuelling (HR) points is due to begin at two Benzina stations in the...