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.
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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.
The Olympic committee has faced accusations of misspending funds and failing to properly support athletes.
Grupa Azoty says its inability to withdraw funding for the Polish National Foundation caused “damage of great magnitude to the company”.
Wojciech Jakóbik
He claimed Poland criticises Hungary for its ties with Russia while at the same time indirectly buying Russian oil.
The homes of Orlen’s senior management staff have also been searched in two different cases.
The firm says it has notified prosecutors regarding the actions of the former management in relation to the case.
The sale, which gave the Saudis partial control over one of Poland’s two oil refineries, “resulted in significant security risks”.
Daniel Obajtek oversaw a rapid expansion of Orlen but was accused of using the firm to help the former PiS government.
PiS accused the opposition of deliberately trying to bring down the value of the state-owned firm.
The Polish firm is reportedly planning to transport Venezuelan oil to China following the lifting of sanctions on Caracas.
The $445 million transaction will boost Orlen’s gas output in Norway by one-third.