The company says heavy transport firms are keen to switch to bioLNG, a renewable fuel produced from organic waste.
The company says heavy transport firms are keen to switch to bioLNG, a renewable fuel produced from organic waste.
The decision clears the way for the project to compete in Poland’s first offshore wind auction in December.
We are an independent, nonprofit media outlet, funded through the support of our readers.
If you appreciate the work we do, please consider helping us to continue and expand it.
The state assets minister says that Orlen is first undertaking a restructuring of Polska Press to make it more independent and profitable.
The firm claims it will be at the “forefront of the global deployment of small modular reactors”.
“The entire region will be free from Russian crude oil,” says Orlen.
The company is aiming to have enough facilities to produce 0.9 gigawatts of hydrogen by 2035.
This will be a “long-term and mutually beneficial cooperation…based on commercial terms”, says Orlen.
Baltic Power is expected to begin operations in 2026, providing electricity to 1.5 million households.
Demand for the bonds was more than three times higher than expected.
Olivier Sorgho
Over 31,000 of the famous green and yellow booths once dotted Poland’s streets.
Billions have already been spent on the planned plant but Orlen says halting the project now will save the firm from likely losses.
The firm rejected such criticism, arguing it “has posted robust operating performance” in a difficult macroeconomic environment.
The financing will be used to expand renewable energy connections and introduce smart grid technology.
Orlen is Poland’s largest company, and also one of the biggest in Europe.