Orlen’s strategy for 2035 prioritises the decarbonisation of assets and energy transformation alongside building a sustainable asset portfolio. This plan represents the most extensive investment programme in Poland’s energy sector history. The cornerstone of ORLEN’s newly unveiled strategy, released on Thursday, includes energy security, modernisation, environmental stewardship, and product innovation.
Titled “The Energy of Tomorrow Starts Today,” this initiative is the most ambitious and comprehensive growth programme in the company’s history. 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.
“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, while unveiling the new strategy.
“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.
ORLEN’s strategy focuses on delivering customer benefits through significant investment and modernisation efforts. The Company aims to make energy more affordable. It plans to expand its VITAY loyalty programme to engage up to 10 million customers, providing an integrated energy purchasing ecosystem for residential and transportation needs.
By 2035, ORLEN is committed to ensuring that zero-emission sources account for over 25% of its energy mix. The strategy targets 27 billion m³ of natural gas to meet Poland’s domestic needs through increased production and strategic contracts. A gas-fired power generation capacity of 4.3 GW is planned, sufficient to power 7.5 million households, along with 1.4 GW of energy storage capacity.
Additionally, ORLEN will enhance its recycling capacity from 35,000 tonnes to 250,000 tonnes annually and develop four offshore wind farms and at least two small modular reactors. By 2035, renewable and circular raw materials products are expected to represent 10% of petrochemical sales.
The strategy also includes a progressive dividend policy, with the guaranteed dividend set to increase from PLN 4.3 to PLN 4.5 per share in 2025, followed by annual increases. The Management Board may recommend higher payouts of up to 25% of annual operating cash flows, net of financing costs.
