According to the information published in the press release of PKN Orlen, investments in the gas extraction and trading segment are to amount to PLN 70 billion, and PLN 60 billion in the refining segment, of which PLN 25 billion are to be the so-called green investments. Expenditures in the petrochemical sector are to reach PLN 40 billion, of which PLN 5 billion will be spent on green investments.

“This strategy is not only development but also jobs, clean energy and economic alliances regarding Poland’s security” – said Daniel Obajtek.

https://twitter.com/DanielObajtek/status/1630574725423415296

The company wants to increase oil and gas extraction. In 2023, Orlen will invest PLN 6.4 billion in this segment: mainly in Norway, but also in Poland.

In addition, the strategy provides for over 130,000 tonnes per year of renewable hydrogen production, approx. 300 MW of installed capacity in SMR nuclear reactors, development of CO2 capture infrastructure, up to approx. 3 million tonnes per year.

The strategy also sets targets for decarbonisation and carbon neutrality. By 2030, it is assumed that CO2 emissions in the refinery, petrochemical and mining segments will decrease by 25% compared to the base year of 2019, the emission intensity in the energy segment will be reduced by 40%, and after 2030 the production of energy from coal will end by 2035.

PLN 120 billion will be allocated to green investments that will make us independent of fossil fuels. These include offshore and onshore wind farms, photovoltaics, biogas and biomethane, new-generation biofuels and renewable hydrogen.

Do 2030 roku nasze obecne aktywa produkcyjne będą czystsze i bardziej efektywne. Rozbudujemy też nowe obszary biznesowe oparte o zasoby odnawialne. Zainwestujemy łącznie około 320 mld PLN, z czego około 120 mld PLN w zielone inwestycje, uniezależniające nas od paliw kopalnych. pic.twitter.com/earWasxubi

— ORLEN (@GrupaORLEN) February 28, 2023

In 2023, Orlen plans capital expenditures of approx. PLN 36.2 billion, of which PLN 10 billion will be spent on maintaining the current infrastructure.

“Strategy until 2030 is a response to the current challenges of our region, guaranteeing development and security. Building a multi-energy concern gives us the strength to build a better, sustainable future for the next generations” – PKN Orlen informed.

https://twitter.com/PKN_ORLEN/status/1630553806260903939

The company will also decrease gas prices. “I want to announce the next discount for all customers on the price list. This is 130 thousand users. These are bakeries, pastry shops, these are small businesses. We are reducing the price of gas to the level of 1 MWh from PLN 650 to PLN 353. This is an over 50% reduction in gas prices” – said Obajtek.

https://twitter.com/DanielObajtek/status/1630553111323443200?s=20

Author: Patrycja Bodzek-Kurzyńska

Photo: www.orlen.pl