We brought on stream Poland’s first and Europe’s largest green glycol production unit at the Trzebinia-based plant. A modern Research and Development Centre was opened in Płock. The construction of a visbreaking unit, which is of strategic importance to the Płock refinery, is proceeding on schedule. According to estimates, once complete, it will add PLN 400m or more to the Group’s annual EBITDA. Last year, we also started the largest petrochemical project in Europe, that is expansion of the Olefins Complex at the Płock production plant. It employs state-of-the-art technologies to ensure, among others, greater energy efficiency, including a 30% reduction of CO2 emissions per tonne of the product. The project is scheduled for completion in the first quarter of 2024, and production is to start in early 2025. The nitrogen fertilizer capacity expansion programme in Włocławek is also nearing completion. This initiative will increase the range of products for the Polish agricultural sector and create new jobs.
We place great emphasis on developing petrochemical production. By 2030, around a half of our profits from crude oil processing will be derived from the petrochemical business. Expansion of the existing portfolio and entry into new business areas will help entrench our position as a leading petrochemical producer in Central Europe. Achievement of this objective will be facilitated by collaboration with Saudi Aramco, our partner in the implementation of remedies related to the acquisition of Grupa LOTOS.
The agreement with Saudi Aramco also means increased oil supplies from non-Russian sources. Last year, we successfully diversified our sources of supply, thus significantly enhancing Poland’s energy security. We continued business relationships with oil producers from outside Europe, including Africa, the Persian Gulf and the US.
We also accelerated investing in technologies of the future, notably those based on hydrogen. Knowing the importance of hydrogen in the power sector, including in transport, we are consolidating our position as a leader in the alternative fuels market. Last year, we launched Hydrogen Eagle, a programme designed to develop an international chain of renewables-powered hydrogen hubs and to build more than 100 hydrogen refuelling stations. The Group deployed its first hydrogen hub in Trzebinia in 2021, with another one being developed in Włocławek and due to start producing green hydrogen in the second half of 2023. Two years later, we intend to launch a hub in Płock to make green hydrogen for industrial and transport applications. All of our planned hydrogen projects are included in the ORLEN Group’s Hydrogen Strategy announced at the beginning of 2022.
This year, we will continue efforts to ensure the ORLEN Group’s further growth and financial stability. I am positive that the hard work and commitment of all our employees, for which I am very grateful, will help us achieve new important goals. And this will translate into even better performance and benefits for the Shareholders.