>30%
Petrochemicals segment
Delivery of investment plans
In 2021, ORLEN Group's capital expenditure reached PLN 9,890m, up PLN 898m (10.0%) on the 2020 amount of the capex.
SDGs:
-
Goal 9
Capitals:
Share of individual segments in capital expenditure
24%
Refining segment
26%
Energy segment
12%
Retail segment
4%
Upstream segment
Increase in non-current assets in 2021 [PLN million]
Change in non-current assets by segments in 2021 [PLN million]
Capital expenditure by market [%]
Major projects carried out in 2021:
- Construction of a visbreaker unit in Płock
- Construction of a polypropylene glycol unit at ORLEN Południe
- Expansion of olefins production capacities at Płock
- Construction of a DCPD plant at ORLEN Unipetrol
- Expansion of fertilizer production capacities at Anwil
- Upgrades of existing assets and connection of new customers at the ENERGA Group
- Upgrade of DCS for the power system in Płock
- Upgrade of the TG1 turbine generator set at the CHP plant in Płock
- Construction of offshore wind farms in the Baltic Sea
- 59 new fuel stations were opened, (33) stations were closed down/partnership was discontinued, and 13 stations were upgraded
- Expansion of the EV charging network (13 new stations)
- 37 Stop Cafe/Star Connect outlets were opened (including convenience stores)
- Alternative refuelling – 263 points launched
- Poland / Canada – focus on the Egde, Miocen and Płotki / Kakwa and Ferrier projects
Assessment of project implementation
The ORLEN Group manages the structure of its capital expenditure in line with the developments in market situation, and focuses on the most effective investment projects. For a description of key projects planned for the following years, see section ‘Market prospects in 2022’.
For information on selected financial ratios confirming the Group’s ability to carry out the investment plans, see Section 5.2.4. of Management Board Report on the operations of ORLEN Group and PKN ORLEN S.A. for the year 2021.
