The main contributors to this impressive result were: petrochemicals, energy, and refinery. Since 2021, sound financial foundations have also been supported by green bond issues.
Our earnings and stable financial condition, confirmed by safe levels of debt ratios and Baa2 rating from Moody’s, allowed us to grow our CAPEX by PLN 0.9 billion. The Group allocated PLN 9.9 billion to investment projects, which included: construction of a visbreaking unit in Płock, expansion of the olefins production capacity in Płock, expansion of the fertilisers production capacity in ANWIL, upgrades of the existing assets and connection of new customers in the ENERGA Group, construction of a propylene glycol unit in Trzebinia and the R&D Centre in Płock, development of a wind farm project in the Baltic Sea, and launch of another 300 alternative refuelling points (500 in total). Acquisition processes were also continued in 2021, in accordance with the ORLEN2030 strategy.
In line with the ORLEN 2030 strategy adopted in November 2020, PKN ORLEN has resumed the pre-COVID-19 dividend policy, which means paying dividends of at least PLN 3.50 per share, compared with PLN 1.0 in 2020, and maintaining or increasing the distributions in the coming years. This dividend level reflects the Group’s robust liquidity and financial position.
In 2021, PKN ORLEN was again awarded the titles of The World’s Most Ethical Company 2021 and Top Employer Polska 2021.
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