Manufactured capital
Capitals:
Key facts about the capital
Upstream
- Onshore and offshore activities in Poland, Norway, Canada, Pakistan and Lithuania.
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Some 1,280 mboe of 2P reserves in Canada, Poland, Norway, Pakistan and Lithuania.
- Some 191 thousand boe/day of average hydrocarbon production in Canada, Poland, Norway, Pakistan and Lithuania (Q4 2022).
More information, see „Upstream”
Refining
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7 refineries in Poland, Lithuania and the Czech Republic, with total capacities of more than 45 million tonnes of oil annually – leading position in the region.
- Nearly 3.9 thousand km of product and feedstock pipelines, over 3.2 thousand km of gas pipelines.
For more information on the refining and logistics assets, see „Refining”
Petrochemicals
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In Central and Eastern Europe ORLEN is the only company with fully integrated paraxylene and PTA production units.
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40 petrochemical products, marketed in over 60 countries.
For more information on the petrochemical assets, see „Petrochemicals”
Gas
- Poland’s largest importer and supplier of gas to businesses and households.
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Long-term LNG supply contracts.
- Norwegian gas portfolio – own production and supply contracts.
- Over 3.2 bcm of natural gas storage capacities.
- Over 200 thousand km of gas distribution networks (including connections).
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Over 11.3 bcm of natural gas distribution volume.
For more information, see „Gas”
Retail
- Nearly 3.1 thousand service stations across Poland, Germany, Czech Republic, Lithuania, Hungary and Slovakia (with Austrian market to be entered in 2023).
- Nearly 2.4 thousand food and beverage outlets: Stop Cafe, Stop Cafe Bistro and Star Connect.
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598 EV charging stations.
- 0.8 thousand RUCH outlets.
- Parcel pick-up/drop off points in Poland.
For more information, see „Retail”
Energy
- Conventional and renewable sources – electricity and heat generation.
- A major electricity distributor in Poland, with a 195 thousand km long network covering approximately 1/4 of the country.
- 5.1 GW – total installed electrical capacity at the ORLEN Group.
- 13.5 GW – total installed thermal capacity at the ORLEN Group.
- Over 0.7 GW of installed renewable electrical capacity at the ORLEN Group.
- Close to 0.1 GW of installed renewable thermal capacity at the ORLEN Group.
For more information on energy assets, see „Energy”
Capital management
- ORLEN has declared its intention to achieve carbon neutrality by 2050. In furtherance of this goal, the Group aims to reduce carbon emissions from its existing refinery and petrochemical assets by 20% and cut down carbon emissions per megawatt-hour of electricity by 33% by 2030.
More information: PKN ORLEN to be emission-neutral by 2050
- The ORLEN Group will invest a total of about PLN 320 billion, of which approximately PLN 120 billion will be spent on green projects. These will include primarily offshore and onshore wind farms, solar photovoltaics, biogas and biomethane, next-generation biofuels and renewable hydrogen. In 2030, the ORLEN Group will produce energy using the small modular reactor technology and will become a regional leader in electric mobility.
More information: ORLEN Group’s 2030 Strategy -
An important step towards building a multi-utility group was the acquisition of the Energa Group in 2020 and Grupa LOTOS and PGNiG in 2022.
More information:
Merger with Grupa LOTOS
Merger with PGNiG
Outcomes
New segment – Gas
over 3.2 bcm of gas storage capacity
over 200 thousand km of gas distribution networks (including connections)
over 11.3 bcm of distributed gas
How manufactured capital interacts with other capitals
Over the past five years, the ORLEN Group has undergone a remarkable journey of dynamic growth. The successful implementation of various investment projects and, primarily, the culmination of M&A processes with the Energa Group, Grupa LOTOS and PGNiG have firmly established ORLEN as the largest fuel and energy corporation in Central Europe. The scale and number of completed transactions have set unprecedented benchmarks. The synergies and benefits unlocked by last year’s acquisitions could exceed PLN 20 billion by 2032, twice surpassing the initial estimates. These consistent efforts have led to the creation of a robust entity with diversified revenue sources.
The ORLEN Group is Central Europe’s leader in energy transition. The merger with Poland’s leading energy companies gives it the power to build a better, sustainable future for generations to come. ORLEN Group’s strategy to 2030 is a response to current challenges facing the region that guarantees growth and security.
By 2030, the ORLEN Group will have invested a total of about PLN 320 billion, of which approximately PLN 120 billion will be spent on green projects.
The ORLEN Group’s development will support circular economy and rely on renewable resources. The ORLEN Group will make effective use of new technologies to provide clean, affordable and widely available energy to 150 million potential customers in all of the region’s markets where the Group is present.
Capex projects and acquisitions require large financial outlays. In 2022, the ORLEN Group’s capital expenditure reached PLN 19,728m, up by PLN 9,838m (99.5%) on the 2021 capex amount. Nearly 26% of the capital expenditure was spent in the Petrochemicals segment, 22% in the Refining segment, 22% in the Energy segment, 11% in the Upstream segment, 9% in the Gas segment and 7% in the Retail segment.
Information on the largest capex projects completed in 2021 is available in the "Delivery of investment plans" section.
The size of capital expenditure on the development of individual business segments increased significantly following the merger with Grupa LOTOS and PGNiG. This translates into tangible benefits for employees, who have gained new career opportunities.
A strong group of companies will be able to step up its engagement in social, cultural and sports initiatives in the regions where it operates. Its coordinated CSR and sponsorship policy will deliver greater and more thorough support for local communities. This also means reinforcement of social capital.
By investing in zero- and low-carbon energy sources, the ORLEN Group reduces its environmental and climate footprint, which, in addition to boosting natural capital, provides a response to changes in the EU legal environment.
Short-cuts:
ORLEN Group 2022 Integrated Report
You can also download the report in PDF format
