Poland’s Orlen plans to invest up to nearly $92 B by 2035

Poland’s state-owned oil refiner and petrol retailer, Orlen, has announced plans to invest between 350 billion and 380 billion zlotys (approximately $84.3 billion to $91.5 billion) by 2035. This investment strategy marks a significant increase from the 320 billion zlotys projected in its 2022 plan.

 

Key components of Orlen’s investment strategy include:

 

– **Natural Gas Supply**: The company aims to meet 100% of Poland’s natural gas demand through enhanced production and strategic supply contracts. This involves increasing natural gas production from 9.1 billion to 12 billion cubic meters annually and expanding liquefied natural gas (LNG) contracting from 4.8 billion to 15 billion cubic meters per year.

 

– **Energy Generation and Storage**: Orlen plans to develop 4.3 gigawatts (GW) of gas-fired power generation capacity and 1.4 GW of energy storage capacity.

 

– **Renewable Energy Projects**: The company intends to develop four offshore wind farms and deploy at least two small modular reactors (SMRs) by 2035.

 

– **Financial Commitments**: Orlen has committed to increasing its guaranteed dividend payout to 4.50 zlotys per share in 2025, with an annual increase of 0 … . Additionally, the company targets an EBITDA LIFO (earnings before interest, taxes, depreciation, and amortization, adjusted for inventory effects) of 53 to 58 billion zlot

 

This comprehensive investment plan underscores Orlen’s commitment to enhancing Poland’s energy security and advancing its transition to renewable energy sources.

Poland’s Orlen Plans Significant Investment by 2035