Energy security, modernisation, environmental stewardship, and product innovation form the cornerstones of ORLEN’s newly unveiled strategy, presented to the press on Thursday.
“The Energy of Tomorrow Starts Today” represents the most ambitious and comprehensive growth programme in the Company’s history. Its key objectives include expanding natural gas production, constructing four offshore wind farms, developing large-scale energy storage facilities, and delivering at least two small modular nuclear reactors,” say ORLEN officials in a release received by Energynomics.
“ORLEN is committed to enhancing the energy independence of the Polish and regional economy. Our goal is to be secure, competitive, and modern. To achieve this, we are embarking on the largest growth programme in the history of Poland’s energy, with an investment of up to PLN 380 billion. This ambitious yet responsible strategy reflects our dedication to our customers and, by extension, to all Poles. Our industry has significant ground to cover, and we believe this decade represents a pivotal moment for the energy sector. That is why we are accelerating our efforts,” said Ireneusz Fąfara, President of the Management Board of ORLEN, during the unveiling of the strategy “The Energy of Tomorrow Starts Today.”
“In parallel, we are accelerating the integration of ORLEN Group companies. We are embedding robust corporate governance principles and implementing modern, transparent management practices. By optimising projects and processes, we aim to steadily enhance the value of the ORLEN Group for our shareholders,” he added.
In addition to large-scale investment projects, modernisation efforts, and the development of power generation assets and energy infrastructure, ORLEN’s strategy places a strong emphasis on delivering tangible benefits to customers. The Company’s initiatives are designed to make energy more affordable than it would have been without these transformative investments. At the same time, ORLEN is committed to introducing cutting-edge solutions and broadening its consumer offerings. Plans include expanding the VITAY loyalty scheme to engage up to 10 million customers. This enhanced programme will provide access to an integrated ecosystem for purchasing energy for both residential and transportation needs. A key component of ORLEN’s updated strategy is also the expansion of its fuel portfolio, with a commitment to ensuring that by 2035, zero-emission sources will account for more than 25% of the mix.
The “The Energy of Tomorrow Starts Today” strategy is underpinned by clear investment objectives, robust data, and measurable economic indicators that the Company has pledged to achieve over the next decade. These targets include:
- 27 billion mc of natural gas: meeting 100% of Poland’s domestic needs through increased production in Norway, Poland, and North America, complemented by strategic supply contracts.
- 3 GW of gas-fired power generation capacity: sufficient to power 7.5 million households.
- 4 GW of energy storage capacity: deploying large-scale facilities capable of delivering 24-hour energy supply to 300,000 households.
In addition, ORLEN plans to develop four offshore wind farms and at least two small modular reactors. The Group’s recycling capacity is poised to increase from the current 35,000 tonnes to 250,000 tonnes annually over the next decade. By 2035, products derived from renewable and circular raw materials will represent 10% of all petrochemical sales.
The new strategy also reinforces ORLEN’s dedication to delivering value to shareholders through a progressive dividend policy. In 2025, the guaranteed dividend will rise from PLN 4.3 to PLN 4.5 per share, with an annual increase of PLN 0.15 per share thereafter. In addition, the Management Board will have the flexibility to recommend higher dividend payouts, up to 25% of annual operating cash flows, net of financing costs.
