Polish oil refiner to invest 1.6 billion euros in hydrogen projects by 2030

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Posted 12 hours ago

Proposed by Acre

By Nancy Schurig

PKN Orlen has announced that it will invest PLN 7.4 billion in low and zero carbon hydrogen development projects by 2030 to help build a hydrogen economy in Europe.

The full-service company, which supplies energy and fuel to more than 100 million Europeans, has developed a hydrogen strategy covering four key areas: mobility, refining and petrochemicals, research and development, and industry and energy.

Project investments will be based on renewable energy sources and municipal waste conversion technology, according to the company, and the projects will support the transformation of the Orlen Group into a carbon-neutral multi-service group.

Ten hydrogen hubs will be developed by the end of the decade, producing around 60 kt of low-carbon, zero-carbon hydrogen per year, which will allow motorists in Poland, the Czech Republic and Slovakia to access a network of more 100 hydrogen refueling stations.

Daniel Obajtek, Chairman of the Board of PKN Orlen, said: “We need to maximize profits and aggressively develop our new businesses to drive our transformation into a full-service group. This is the only way to respond effectively to the challenges facing the fuels and energy sector.

“By 2030, we plan to invest more than PLN 7 billion in projects ensuring that almost half of the hydrogen produced by the Orlen Group will be low-carbon and carbon-free. This would help us reduce CO2 emissions by 1.6 million tons. We already have strong hydrogen technology development capabilities, backed by our extensive experience in the field. And the implementation of our hydrogen strategy will position us as a partner of choice in building a hydrogen economy in Central and Eastern Europe.

Hydrogen has low to zero carbon intensity and is therefore hailed as a major player in the green energy transition. It is practical and has a wide range of applications, including in transport, industry and municipal services and with this in mind, the Group has created a hydrogen economy development strategy to complement the Orlen Group’s 2030 Strategy.

About 0.5 GW of new hydrogen production capacity will be installed by the end of the decade, using renewable energy sources and the recovery of municipal waste. By using carbon storage and utilization technology (CCS/CCU), the Group will be able to reduce the carbon intensity of an additional 120 kt of hydrogen produced by its Płock facilities. Thus, nearly half of the hydrogen used by the Group should come from zero or low carbon sources in 2030.

The first hydrogen hub was deployed last year in Trzebinia, which produces gray hydrogen for transport and should eventually produce low-carbon hydrogen from renewable energy sources. Another hub is under development in Włocławek, which is expected to start producing green hydrogen in the second half of 2023 and a hub in Płock will be launched in 2025 to produce green hydrogen for industrial and transport applications.

By 2030, the Group should also launch 100 publicly accessible hydrogen refueling stations with the necessary logistics infrastructure, including 57 in Poland, around 28 in Slovakia and around 26 in the Czech Republic. It already operates two hydrogen refueling stations in Germany and four more stations will be built this year: three in the Czech Republic and one in Krakow, Poland.

The Orlen Group has already taken steps to use hydrogen in urban public transport and rail transport by signing letters of intent to collaborate with 17 municipalities and four companies in Poland as potential hydrogen customers. It will also develop hydrogen technology for industry and power generation.

Nancy Schurig, Senior Consultant, Europe, said: “Hydrogen is increasingly becoming an alternative to fossil fuels. Countries that have already started investing in hydrogen are pioneers in developing new industries and strengthening the economy. Due to the current situation around the world, it is a step to become a major supplier for hydrogen in Europe.

To learn more about upcoming opportunities, please contact Nancy via [email protected]

Nancy is a senior consultant on Acre’s corporate responsibility and sustainability team in Europe.

Nancy specializes in recruiting sales, operations and business development in the sustainable energy sector, including renewable energy and energy storage systems for the German market. Previously, she was responsible for the development of the Energy & CleanTech sector in Germany and Europe, in a German recruitment firm for more than 4 years.

Previously, she worked in a reputable consulting firm specializing in the energy market. As a PMO, she participated in major transformation and change processes of a global European energy company. She holds a BA in Business Administration from the Berlin School of Economics. She is fluent in German and English.

About Acre

At Acre, we work with the most ambitious companies with the potential to bring about real change; from those just starting out to those well on their way to creating a legacy.

Our 18 years of experience in sustainability recruitment, combined with our extensive global network, enables us to deliver talent solutions designed to bring about this change.

With our unique behavioral assessment technology, we understand the types of people, skills and behaviors needed to create impact. We can also develop these qualities within your existing teams.

We find talented people and develop their skills to ensure they have real impact in ambitious and progressive organisations.

Acre. Preparing businesses for tomorrow.

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Acre

Acre

About Acre

At Acre, we work with the most ambitious companies with the potential to bring about real change; from those just starting out to those well on their way to creating a legacy.

Our 18 years of experience in sustainability recruitment, combined with our extensive global network, enables us to deliver talent solutions designed to bring about this change.

With our unique behavioral assessment technology, we understand the types of people, skills and behaviors needed to create impact. We can also develop these qualities within your existing teams.

We find talented people and develop their skills to ensure they have real impact in ambitious and progressive organisations.

Acre. Preparing businesses for tomorrow.

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