Latest news with #ORLEN
Fibre2Fashion
15-07-2025
- Business
- Fibre2Fashion
ORLEN & KGS partner to build nationwide biomethane portfolio in Poland
ORLEN and Krajowa Grupa Spozywcza (KGS), Poland's largest state-owned agri-food group, have entered into a memorandum of understanding to develop a nationwide biomethane portfolio. Under the new agreement, the parties will, inter alia, construct biomethane production facilities. The project is expected to curb CO2 emissions, strengthen Poland's energy security and independence, and enhance overall grid stability. ORLEN and Krajowa Grupa Spożywcza (KGS) have signed an MoU to develop a nationwide biomethane portfolio in Poland. The partnership will build biomethane plants, use agri-waste, and apply digestate as fertiliser. It aims to cut COâ‚‚ emissions, boost energy security, and scale biomethane output, supporting ORLEN's 2035 target of 0.24bn m³ annual production. The memorandum between ORLEN and KGS provides for joint optimisation of in-house resources – including agricultural and post-production waste – and for securing farmland on which to apply digestate, the nutrient-rich by product of agricultural biogas plants, as fertiliser. The partners also plan to jointly scale biomethane production. The initial step will be to identify sites that meet the technical and commercial criteria for biomethane facilities – starting with plots owned by KGS, while keeping other suitable locations under review. ORLEN and KGS will likewise cooperate on the production and distribution of biomethane, including the securing of all requisite administrative consents and certificates of origin for the fuel. 'Biomethane production is a textbook circular-economy solution: it converts waste into fuel and generates measurable value for both local communities and the wider national economy. As a low-carbon substitute for natural gas, biomethane is integral to the energy-transition agenda – particularly the decarbonisation of transport. Our partnership with Krajowa Grupa Spozywcza, a company central to Poland's food security framework, therefore marks a further material milestone in delivering the ORLEN Group's strategic objectives,' commented Grzegorz Bujnowski, Executive Director for Gas Trading, ORLEN. 'Investing in biogas and biomethane is a logical extension of our innovation and sustainability-led growth strategy. Our logistics platform and reliable feedstock streams allow us to convert post-production residues into clean energy. Partnering with ORLEN accelerates the green transition across the entire agri-food value chain. By pooling our competencies, we bolster energy security, cut our carbon footprint and create new jobs supporting the development of local communities,' said Olga Adamkiewicz, Member of the Management Board, Krajowa Grupa Spozywcza. ORLEN Group is consolidating its position as the region's leading alternative-fuels player through a capital programme spanning HVO, bio-ethanol and biomethane projects. By 2035 the Group plans to deploy up to 0.24 billion m3 of biomethane per year towards meeting its National Indicative Target. The volume will be sourced from wholly-owned biomethane plants, joint-venture facilities and offtake agreements. Through its subsidiary PGNiG BioEvolution, ORLEN Group is constructing Poland's first biomethane plant with an integrated bio-LNG module in Glabowo, Warmia-Masuria Province. The facility will have the capacity to produce more than 7 million m3 of biomethane per annum, which will be liquefied for use as fuel in heavy-duty vehicles. The Group already operates three agricultural biogas plants in the municipalities of Konopnica (Lódz Province), Buczek (Kuyavian-Pomeranian Province) and the village of Wojny-Wawrzynce (Podlaskie Province). Krajowa Grupa Spozywcza is Poland's largest state-owned operator in the agri-food sector. The Group commands substantial biomass feedstock and farmland nationwide, ensuring efficient utilisation of digestate as fertiliser. KGS's mission is to strengthen Polish agriculture by integrating primary production with processing and by enhancing the sector's international competitiveness. Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged. ALCHEMPro News Desk (HU)
Fibre2Fashion
12-06-2025
- Business
- Fibre2Fashion
Orlen & Naftogaz collaborate to strengthen Ukraine's energy security
ORLEN and its Ukrainian counterpart, Naftogaz Group, are expanding their strategic partnership. The two companies have signed a memorandum of understanding to cooperate in upstream exploration, downstream development, and the reinforcement of cross-border relations and commercial ties. The envisaged cooperation will bolster Ukraine's energy security by broadening the diversification of its supply sources – not only for natural gas, but also for crude oil – while opening avenues for the adoption of alternative fuels. The MoU was signed during the Newfolk Oil & Gas conference, the foremost event for the oil and gas industry in Ukraine, held in Lviv. Orlen and Naftogaz have signed an MoU to expand cooperation in upstream and downstream energy projects, boosting Ukraine's energy security. The deal includes increased gas deliveries via Poland, joint extraction efforts, and investment in biofuels and fuel distribution. Signed in Lviv, the agreement marks a new phase in their strategic partnership. 'The agreement we have signed stands as further evidence of our strategy being effectively put into action. ORLEN is becoming a cornerstone of energy security not only for Poland, but for the broader region. After we launched the deliveries of US LNG to our Ukrainian partner, we are now entering a new phase of deeper cooperation. Together, we can achieve more,' said Ireneusz Fafara, CEO and President of the Management Board of ORLEN. 'I believe we can elevate our partnership to an entirely new level. I am grateful to our Polish counterparts – and personally to Mr Fafara – for the constructive dialogue and their genuine support for Ukraine,' said Sergii Koretskyi, CEO of Naftogaz Group. Under the terms of the MoU, the parties will seek to increase natural gas deliveries via Poland to Ukraine and to advance joint projects in oil and gas extraction. These initiatives are expected to strengthen Ukraine's resource security and flexibility. Naftogaz also stands to benefit from ORLEN's technical expertise in the refurbishment of gas infrastructure damaged during the war. In addition, both companies intend to pursue joint investment projects across fuel distribution and development of the biofuels segment. The Lviv memorandum marks the second cooperation agreement between ORLEN and Naftogaz. Under the initial agreement, ORLEN concluded three contracts to supply a total of 300 million cubic metres of LNG to Ukraine. The ORLEN Group currently supplies Ukrainian customers with refined petroleum products, including gasoline, diesel oil and bitumen, while delivering dedicated services to upstream sector operators. Naftogaz Group is Ukraine's largest state-owned oil and gas enterprise, operating across the entire value chain – from exploration and production to transport, storage, and sales of gas and crude oil. The company plays a critical role in ensuring the nation's energy security and ranks among its largest taxpayers. Despite the ongoing military conflict, Naftogaz continues to expand its resource output and remains firmly committed to reducing Ukraine's reliance on imported gas through maximised domestic production. Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged. Fibre2Fashion News Desk (HU)
Fibre2Fashion
19-05-2025
- Business
- Fibre2Fashion
Poland's ORLEN VC invests in hydrogen tech firm Hystar
ORLEN Venture Capital ('ORLEN VC') has invested in Hystar, a Norwegian manufacturer of high-efficiency proton-exchange-membrane (PEM) electrolysers for large-scale, zero-emission hydrogen production. Hystar's patented design uses membranes up to ten times thinner than those in conventional units, materially improving efficiency and lowering the cost of hydrogen generation. The technology dovetails with ORLEN's programme to produce and deploy renewable hydrogen as part of the Group's wider energy-transition strategy. ORLEN VC has invested in Norway's Hystar, a maker of high-efficiency PEM electrolysers with ultra-thin membranes that cut hydrogen production costs. The deal supports ORLEN's goal to use 350,000 tons of renewable hydrogen by 2035. Hystar aims to reach 1.5 GW annual output by 2027. The investment is part of ORLEN VC's broader strategy to back clean tech innovations. – ORLEN VC's investment in Hystar delivers critical technological support for our hydrogen portfolio. Hystar's innovative platform is expected to enable annual production of 1.5 GW of high-efficiency membrane electrolysers as early as 2027. Thanks to the capital commitment, ORLEN Group gains access not only to the equipment, but also the know-how and the opportunity to cooperate, among other things, in the development of the technology and its implementation. This solution can also be an important support in the attainment of ORLEN's strategic goals for the next decade, especially since by 2035 we want to use 350,000 tons of renewable and low-emission hydrogen annually – said Grzegorz Józwiak, Director of Hydrogen Technologies and Synthetic Fuels at ORLEN. Hystar AS, a Norwegian manufacturer, produces 0.65 MW membrane stacks and turnkey 5 MW electrolysers certified to ISO 17268 standards. The units employ membranes that are 90 percent thinner than those found in conventional equipment, unlocking higher energy efficiency, scalable production and lowering the averaged cost of hydrogen. Hystar commenced commercial deliveries in 2022. The system's modular architecture allows each installation to be tailored quickly to the customer's requirements. Once the firm brings its automated production line onstream in 2027 – initial annual capacity 1.5 GW – it will be able to execute large industrial orders, by 2031, nameplate output is set to rise to 4.5 GW a year. In 2024, the Norwegian firm secured a EUR 26 million grant from the European Innovation Fund, earmarked for automating its production line. Venture capital backing – including the commitment from ORLEN VC – provides the matching funds. The current round has raised more than EUR 32 million, covering Hystar's equity contribution under the EU grant and its operating requirements through 2027. Hystar is ORLEN VC's thirteenth direct investment, placing the fund – after barely three years in operation – among the largest and most active venture-capital players from Central Europe. The portfolio also holds interests in two international VC funds. Under its mandate, ORLEN VC aims to complete around five new investments a year, focusing on high-potential companies whose market-ready innovations advance the strategic goals set out in ORLEN 2035 Strategy. Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged. Fibre2Fashion News Desk (HU)
