The energy of tomorrow starts today
We are dedicated to ensuring secure energy supplies, underpinning the growth of CEE economies. We form part of an integrated energy system that will propel the region’s decarbonisation efforts through expansion of zero- and low-carbon energy solutions. We responsibly transform our assets and products, while delivering an integrated offering to meet the evolving needs of our customers and markets. Simultaneously, we work to reduce our carbon footprint by phasing out coal-based energy production and steadily pursuing carbon neutrality. For ORLEN, the journey towards energy of the future begins today.
Driving force of Europe
Our energy is the driving force of change for the region. Central and Eastern Europe is experiencing dynamic growth, yet sustaining this momentum will require a careful balance between the robust demand for traditional energy sources and the accelerating shift towards decarbonisation. The answer to this challenge lies in a pragmatic energy transition – a strategy firmly embraced by the ORLEN Group. By maximising value in our traditional business areas while adopting a methodical approach to decarbonising our assets and scaling renewable energy solutions, ORLEN is positioned to spearhead this transition.
ORLEN ecosystem
We are building an integrated, cohesive and digital organisation in which each business line complements the others, enabling us to deliver products and services aligned with customer expectations. The transformation of our traditional operations will fuel the ORLEN Group’s expansion into new growth areas, establishing a diversified business model more resilient to market volatility.
Our commitment to be pursued across this ecosystem is to reduce CO2 emissions through a number of measures, such as developing expertise in sustainable raw materials, hydrogen, biofuels, and small-scale nuclear generation (SMRs). By 2030 we will have fully phased out coal-based energy production, and by 2050 we aim for net zero carbon.
Four strong areas of activity
In response to key market trends, we have outlined the main directions and objectives to transform the ORLEN Group, focusing on four key segments:
Upstream & Supply
Natural gas will play a pivotal role as a transitional fuel in the region’s energy transition – it will be requisite for ensuring system stability as the share of renewable energy in the generation mix grows. To support this transition, we will deliver to the market up to 27 billion cubic metres (bcm) of natural gas annually from diversified sources, while building new carbon storage capabilities.
Key strategic objectives for the segment by 2035 are to step up natural gas production from 9.1 to 12 bcm per year, maintain a flexible gas contract portfolio, and increase contracted gas volumes from 5 to 15 bcm per year. Another objective is to establish capabilities to capture, transport and store 4 million tonnes of CO2.
In addition to ensuring reliable energy supplies for the region, the Upstream & Supply segment will also generate funding to drive our transformation projects through 2030.
27 bcm
of natural gas delivered to the market
Downstream
Over 25%
share of renewable energy in ORLEN fuels
Addressing the growing need for decarbonisation and accelerating electrification of transport, we will remain steadfast in expanding the share of renewable energy in that sector. We will optimise our petrochemical product and feedstock portfolio, increasing the use of renewable and circular economy-based inputs.
Key strategic objectives for the segment by 2035 are to increase the share of renewable energy in the ORLEN fuel portfolio, to more than 25%, and use approximately 210,000 tonnes of renewable hydrogen annually in refinery operations. We will also look to boost the share of petrochemical products derived from renewable and circular feedstocks and the share of polymers and other derivatives in total sales by 9pp and 7pp, respectively. Steps taken to advance this objective will include expansion of the recycling capacity from 40,000 to 250,000 tonnes annually.
The strategic transformation of the Downstream segment will sustain its long-term profitability.
Energy
To meet the rising electricity demand, we will invest in renewable energy sources, energy storage systems, small modular reactors (SMRs), and gas-fired units. The transition pursued by ORLEN is set to enhance the competitiveness of Polish economy. Key strategic objectives for the segment by 2035 are to increase installed renewable energy capacity to 12.8 GW with a focus on wind and solar power, and to expand energy storage capacity to 1.4 GW, targeted within the Strategy’s time span. We will expand gas-fired power and combined heat and power (CCGT) capacities from 1.8 GW to 4.3 GW. We also plan to market and deploy the Small Modular Reactor (SMR) technology with a total installed capacity of 0.6 GW by 2035.
In addition, we will invest over PLN 40 billion in electricity distribution networks and PLN 20 billion in gas distribution networks.
Driven by low- and zero-carbon sources, the Energy segment will help us decarbonise production and keep expanding our range of sustainable products.
12.8 GW
0.6 GW
of offshore and onshore renewable capacity and SMRs
Consumers & Products
10 milion
of loyal VITAY users
Evolving consumer preferences are prompting us to accelerate the integration and digitalisation of our services for the millions of customers we serve. By fully leveraging the VITAY platform, we aim to create a single point of contact for all user interactions. In addition, we will expand the availability of ultra-fast charging infrastructure to support Poland’s growing electric mobility market.
Key strategic objectives for the segment by 2035 are to increase ORLEN’s share in the domestic EV charging market to 33% and expand the country-wide network of ultra-fast DC chargers through the addition of 5,800 new points. Looking ahead to 2035, we expect to double the number of active VITAY users to 10 million and complete the integration of retail fuel and energy sales into a single entity.
With the integrated Consumers & Products segment, we will be able to provide a comprehensive multi-utility service, accessible via the VITAY platform.
Stable growth and attractive dividends
Our ambition is to achieve stable EBITDA growth at an average annual rate of 5.5% over the time horizon covered by the Strategy. By 2035, we target consolidated EBITDA of about PLN 53–58 billion, with the cumulative result for 2025–2035 reaching PLN 500–550 billion.
EBITDA
Indicative data, detailed data can be found in the presentation
We remain committed to sharing profits with our shareholders on an annual basis. The guaranteed dividend for 2025 will be raised from PLN 4.30 to PLN 4.50 per share, with an additional PLN 0.15 increase per share in each subsequent year. Additionally, the Management Board may recommend a higher dividend – up to 25% of operational cash flow for a given year (net of financing costs).
Responsible investment
To deliver on our 2035 Strategy, we will make appropriate investment choices, adhering to a disciplined approach in expenditure control. Our cumulative CAPEX in 2025–2035 is projected to range from PLN 350 to 380 billion. Out of this total, three-fourths (PLN 270–290 billion) are allocated on a non-committed basis, affording us flexibility in making investment decisions based on actual needs.
CAPEX i M&A
Indicative data, detailed data can be found in the presentation
Our focus will be on investments that meet the required return thresholds, depending on the nature of a particular project and associated financing costs. Furthermore, we are open to forming partnerships with leading market players in various sectors, leveraging the shared expertise and organisational support to execute the most ambitious projects.
