14th Edition of ORLEN Skylight Accelerator Launched

ORLEN has announced a new call for applications for the ORLEN Skylight Accelerator. Startups and young technology companies from around the world can submit their solutions and test them under real-world conditions within the ORLEN Group’s infrastructure. The programme is also open to companies at early stages of technological development (Proof of Concept, Minimum Viable Product). In previous editions, nearly 40 pilot projects were completed, involving almost 900 startups from Poland and abroad. Applications for the 14th edition are being accepted until 28 April.

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New LNG carriers join ORLEN’s fleet

Each of ORLEN’s newly commissioned LNG tankers can deliver enough gas to power up to two million Polish households. A naming ceremony for the two new liquefied natural gas (LNG) carriers, purpose-built for the ORLEN Group, was held at the Hyundai Samho Heavy Industries shipyard in Mokpo, South Korea. The vessels were christened Józef Piłsudski and Ignacy Jan Paderewski by their godmothers, Anita Włodarczyk and Natalia Partyka.

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ORLEN secures record-breaking EIB financing to drive energy transition

ORLEN has signed a third financing agreement with the European Investment Bank (EIB) to support the expansion of its electricity distribution network. The new PLN 1.7 billion agreement brings the total funding secured from the EIB to PLN 3.5 billion, making it the largest financial support package the Bank has granted in Poland. The funds will be invested by Energa Operator, an ORLEN Group company, to enhance the security and efficiency of electricity supplies and increase the potential for integrating renewable energy sources.

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ORLEN to supply US LNG to Ukraine

ORLEN and Naftogaz of Ukraine have signed a natural gas supply contract, securing deliveries for Ukrainian consumers already in April. This is the second contract executed under the cooperation agreement established between the two companies earlier this year. The gas will be sourced from the United States.

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ORLEN to supply gas to Ukraine

ORLEN and Naftogaz have signed a memorandum of cooperation in LNG sector. Its implementation will allow Ukraine to create a more diversified supply of this strategic commodity. The first outcome of the agreement is a transaction to sell gas derived from the regasification of an LNG cargo by ORLEN.

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ORLEN Group and S&P Agency Report: Closer energy ties between Poland and other states of the Baltic region could unlock cheaper and more sustainable energy

Stable supply of electricity at affordable prices, achieving full independence of the Baltic Sea region from Russian supplies, as well as clean air, thanks to joint projects for the development of new technologies, including hydrogen, are potential benefits of cooperation between the Baltic countries, according to a new report by the ORLEN Group and S&P Agency. The report assesses the progress of the energy transition in the region and identifies opportunities for collaboration to accelerate decarbonisation efforts. It outlines specific areas of cooperation and their expected outcomes, following an in-depth analysis of conditions across eight countries: Poland, Germany, Denmark, Sweden, Finland, Lithuania, Latvia, and Estonia.

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ORLEN maintains a strong credit rating from Fitch Ratings

ORLEN continues to strengthen its financial position and credibility among investors. This is validated by Fitch Ratings, which has affirmed the company’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB+'. The Outlook is Stable. The agency primarily highlights the benefits stemming from consistent diversification and expansion of operational scale, as well as the maintenance of solid and stable financial fundamentals.

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Strong profit and record-high dividend from the ORLEN Group

The ORLEN Group posted a net profit of PLN 4.6 billion in the fourth quarter of 2024, marking a fivefold increase year on year. ORLEN’s Management Board has recommended a record-breaking dividend of PLN 6 per share. Operational excellence across all business segments was key to the Group’s solid performance this past quarter.

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ORLEN removed from the Norwegian "list of shame"

As a result of corrective actions taken by the current Management Board, ORLEN regained the trust of Norges Bank Investment Management and was removed from the watch list. The company entered it after the purchase of the Polska Press media company by the previous management. His actions were then assessed by the Norwegian bank as resulting in a risk of "human rights violations". Norges Bank removed the concern from the list a year earlier than the expected observation period, concluding that the actions of the current Management Board eliminated the previously identified risks.

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