Tag: ORLEN

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 Group increases investments in RES – new wind and photovoltaic farms with a capacity of 300 MW

ORLEN Wind 3, a company belonging to the ORLEN Group, has finalized the purchase of two photovoltaic farms located in Lubuskie and Wielkopolskie provinces,...

ORLEN signs a credit agreement for 2 billion euros with a consortium of 16 banks, securing financing for operational activities

ORLEN has signed a credit agreement with a consortium of 16 banks, ensuring that the Group has a financing amount of 2 billion euros....

Polish initiative for natural hydrogen

On October 18, an agreement for scientific-technical cooperation was signed at the AGH University of Science and Technology in Kraków, and the Polish initiative...

LOTOS Kolej changes its name to ORLEN Kolej

On July 3, 2023, LOTOS Kolej acquired the assets of ORLEN KolTrans, opening a new chapter in the railway sector. This move strengthened the...

ORLEN begins sales of HVO100 biofuel in Germany

The ORLEN Group has begun selling HVO100 fuel at its first two stations in Germany. This second-generation biofuel is produced from vegetable oils and...

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...

New Oil Deposits in Lubusz Voivodeship: A Drop in the Ocean of Poland’s Needs

Today, we received information about the discovery of a large oil deposit in the Lubusz Voivodeship. Michał Stajniak, a raw materials expert and deputy...

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,...

PGNiG Upstream Norway Starts Low-Emission Oil Extraction from Tyrving Deposit in the North Sea

PGNiG Upstream Norway from the ORLEN Group has begun oil extraction from the Tyrving deposit in the North Sea. The resource reserves are estimated...

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...
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