Polski Koncern Naftowy ORLEN (PKN ORLEN) is a leading player on the fuels and energy markets, and the largest company in Central and Eastern Europe, listed in prestigious global rankings such as Fortune Global 500, Platts TOP250 and Thompson Reuters TOP100. The ORLEN Group operates in six home markets – Poland, the Czech Republic, Germany, Lithuania, Slovakia and Canada.
The Group owns state-of-the-art integrated infrastructure capable of processing more than 35 million tonnes of various crude oil types per annum, marketing its products through the CEE region’s largest network of over 2,800 modern service stations. The ORLEN Group’s offering includes over 50 top-quality petrochemical and refining products sold in more than 90 countries around the world on six continents. PKN ORLEN is also an important player on the Polish power market, ranking as the largest industrial electricity producer with a capacity of 1.9 GWe. In the upstream oil and gas sector, the Group has its own oil and gas reserves (2P), which at the end of 2018 amounted to ca. 211 million boe.
Pursuit of the Group’s strategic objectives until 2030 will require changes within the organization. Over the next decade, the Group will spend approximately PLN 3bn (ca. 3% of its overall capex budget) on research, development and innovation, as a key area of its necessary transformation. The funds will be used to develop the Corporate Venture Capital fund and finance the activities of the ORLEN Research & Development Centre, among other projects. An essential element will be the mitigation of the environmental footprint. PKN ORLEN is the first oil company from Central Europe to have made a commitment to achieve emission neutrality by 2050.
We Are the Change, We Fuel the Future!
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PKN ORLEN S.A.
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