Friday, December 20, 2024

USA-China Tensions Transform Global Market

After the U.S. elections, relations between the...

ORLEN Upstream Norway Achieves Record Discoveries on the Norwegian Continental Shelf in 2024

In 2024, ORLEN Upstream Norway conducted six exploratory and appraisal drillings, four more than the previous year. As a result, the company discovered or...

ORLEN again in UN Global Compact

After a several year hiatus, ORLEN has once again become part of the global UN Global Compact initiative, overseen by the United Nations. This...

ORLEN initiates the “NEXT-CATALYSIS” Consortium – a new era of cooperation between science and business in the field of catalysis

The ORLEN Group is building an alliance between science and business through the Industrial-Scientific Consortium in the field of catalysis, "NEXT-CATALYSIS". The initiative aims...

The ORLEN Group achieved results in the third quarter of 2024 similar to those of Q3 2023

The ORLEN Group ended the third quarter of 2024 with a very good operating profit EBITDA LIFO, despite a significant worsening of the macroeconomic...

ORLEN invests 3.5 billion PLN in the development of energy distribution network

The ORLEN Group will implement a strategic investment program in the field of energy distribution, increasing the safety and efficiency of electricity supply in...

ORLEN Considers Optimization or Suspension of the Olefin III Project Amid Rising Costs and Delays

ORLEN is currently analyzing only two options regarding the expansion of the Olefin III Complex, which is being carried out at the Production Plant...

ORLEN Discovers One of the Largest Oil Deposits in Poland – Rzeczyca Resources Estimated at Over 500,000 Tons

More than 100,000 tons of crude oil are the recoverable resources of the Rzeczyca deposit, discovered by ORLEN in the Lubuskie Voivodeship. Near this...

ORLEN Expands Investment in Mažeikiai and Develops Renewable Energy Projects in Lithuania

The possibilities of investing in renewable energy infrastructure, the progress of the ongoing investment in Mažeikiai, the position in the Lithuanian and Baltic market,...

ORLEN Signs Five-Year Deal with KN Energies for LNG Terminal Operation in Klaipeda

ORLEN has signed a five-year contract with Lithuania's KN Energies (formerly Klaipedos Nafta) for the exclusive use of a small-scale LNG receiving and transshipment...

Consolidated Results of the ORLEN Group for the Second Quarter of 2024

Despite the growing pressures of the macroeconomic environment, ORLEN Group has concluded the second quarter of 2024 with an EBITDA LIFO operating profit of...

ORLEN’s Warsaw Heating Plants to Become Coal-Free by 2035, Slashing CO2 Emissions by 55%

Żerań, Siekierki and Pruszków Power and Heat Producers, along with Wola and Kawęczyn Heating Plants are heat assets of ORLEN Group in the Warsaw...

Orlen Signs Deal with BP for 6 Million Tons of North Sea Oil

ORLEN has signed a contract with bp for the supply of 6 million tons of crude oil from Norwegian deposits in the North Sea....

ORLEN Group Reports 8% Year-on-Year Increase in Q2 2024 LIFO EBITDA, Reaching PLN 11.3 Billion

ORLEN Group's estimated LIFO EBITDA, excluding write-offs and regulatory effects, amounted to PLN 11.3 billion in the second quarter of 2024. This result was...

ORLEN signs an agreement to purchase photovoltaic and wind farms with a total capacity of 306 MW

ORLEN Wind 3, a subsidiary of the ORLEN Group, has signed a preliminary agreement with EDP Renewables Polska to acquire two photovoltaic farms located...
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