Business-science alliance for innovative e-fuels

Under an agreement signed today, ORLEN has partnered with the Warsaw University of Technology Branch in Płock and the AGH University of Science and Technology in Kraków to collaborate on advancing the technology for synthetic fuels production. The collaboration aims to jointly seek funding from domestic and European sources, provide expert support in establishing research infrastructure, utilise advanced process modelling tools available at the universities, conduct research projects and train future personnel for the ORLEN Group, which will be the primary benefits of today’s agreement.

More

ORLEN Celebrated as a Top Employer Once Again

ORLEN has reaffirmed its position as one of the best employers by earning the Top Employer Poland certificate. This prestigious recognition highlights the company’s commitment to fostering a positive work environment and upholding the highest standards in human resource management. Among the Top Employers 2025 is also ORLEN Unipetrol, a Czech subsidiary of the ORLEN Group.

More

The largest investment programme in the history of Poland’s energy: ORLEN’s New Strategy

Energy security, modernisation, environmental stewardship, and product innovation form the cornerstones of ORLEN’s newly unveiled strategy. “The Energy of Tomorrow Starts Today” represents the most ambitious and comprehensive growth programme in the Company’s history. Its key objectives include expanding natural gas production, constructing four offshore wind farms, developing large-scale energy storage facilities, and delivering at least two small modular nuclear reactors.

More

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.

More

ORLEN Joins Forces with the Great Orchestra of Christmas Charity!

ORLEN is excited to participate in the upcoming Finale of Poland’s Great Orchestra of Christmas Charity (PL. Wielka Orkiestra Świątecznej Pomocy – WOŚP) and support the organisation’s fundraising efforts to enhance diagnostic capabilities in paediatric oncology and haematology wards. ORLEN is committed to prioritizing children’s health and will provide regular updates on its activities in partnership with WOŚP.

More

ORLEN Rejoins the UN Global Compact

After several years away, ORLEN has rejoined the UN Global Compact, the world’s largest initiative uniting businesses committed to sustainable development under the auspices of the United Nations.

More

Polish presidency in the EU: a chance for a sustainable energy transition

The evolving landscape of decarbonization and energy security, with its profound regional and global implications, business operations in Poland. ORLEN is eager to engage in discussions about energy transition and the EU regulations required to facilitate it. The company has prepared a position paper highlighting the key challenges: preserving the competitiveness of the EU market, championing technological neutrality, ensuring access to decarbonization financing, and shifting away from overly prescriptive regulatory approaches.

More

ORLEN joins the OGDC

ORLEN has signed the Oil & Gas Decarbonization Charter (OGDC), a global initiative focused on accelerating the decarbonization of the oil and gas sector through enhanced industry collaboration and knowledge-sharing. By joining the OGDC, the ORLEN Group has committed to actively supporting its objectives, which include achieving climate neutrality in Scope 1 and 2 emissions by 2050, reducing methane emissions (eliminating venting), phasing out routine flaring by 2030, and making significant investments in the energy transition. The announcement of partnership, which took place during the ongoing international climate summit COP29 in Baku, was attended by the head of the OGDC steering committee and SOCAR vice-president Afgan Isayev.

More

ORLEN Group’s Q3 2024 performance on a par y/y despite significantly deteriorated macroeconomic climate

For the third quarter of 2024, the ORLEN Group has posted robust operating performance, with adjusted LIFO-based EBITDA at PLN 8.1 billion amid increased macroeconomic headwinds, including a 65% y/y decline in refining margin. The LIFO-based EBITDA adjusted for one-offs and regulatory impacts was on a par with last year’s level (of PLN 8.6 billion). However, the Group did recognise further impairment losses on its non-current assets, totalling about PLN 3.5 billion, due mainly to former management’s poor investment decisions. In the nine months to 30 September 2024, the Group allocated PLN 22.1 billion to investments supporting asset upgrades, the energy transition and bolstering Poland’s energy security.

More