ORLEN Group in 2030
By 2030, we will not only make our current production assets cleaner and more efficient, but we will also develop new business areas based on renewables. We plan to invest a total of about PLN 320 billion, of which approximately PLN 120 billion will be spent on green projects reducing our dependence on fossil fuels. These will include primarily offshore and onshore wind farms, solar photovoltaics, biogas and biomethane, next-generation biofuels and renewable hydrogen. We also aspire to become a regional leader in electric mobility and will develop the small nuclear reactor (SMR) technology. We intend to invest both in Poland and in the countries where we already operate production assets and the largest service station network in the region. Our investments are going to accelerate the energy transition of Central Europe as a whole.
We were the first energy company in Central Europe to have declared an ambition to achieve carbon neutrality by 2050. We are upholding this commitment but we will fast-track the transition with new investments. By 2030, we intend to reduce emissions in our refining, petrochemical and upstream segments by 25%. In addition, we will cut carbon intensity in the energy segment by 40%, and net carbon intensity for total energy sold by the ORLEN Group by as much as 15%.
- Volume of emissions in the refinery, petrochemical and upstream segments measured as MtCO2e for emission bands 1 and 2.
- Emission intensity in the power segment measured as kgCO2e/MWh for emission range 1.
- Emission intensity from energy products sold measured as gCO2e/MJ fo emission ranges 1, 2 and 3.
- Our ambition to reduce emissions is in line with our path to limit global warming to 1.5 degrees by 2050. The achievement of our long-term goals is conditioned by technological development and the regulatory and legal context. Such factors may more or less contribute to the implementation of the energy transition and accelerate or limit the pace of implementation of our strategy.
Cumulative EBITDA 2023-2030 by segment
Implementation of the ORLEN Group’s strategy will have a financial effect of improving profits across all our business areas: both existing and new ones. This will make us more resilient to the volatility of the macroeconomic environment and rapid shifts in commodity markets. As a result, we will be able to more effectively create value not only for our shareholders, but for our business and social environment in general.
The ORLEN Group's development will support a closed-loop economy and will rely on renewable resources. We will make effective use of new technologies to provide clean, affordable and widely available energy to our 150 million potential customers in all of the region's markets where we already have a presence today.