Investing in new technologies is among PKN ORLEN's strategic objectives. Renewable energy sources are gaining prominence in transport. The RED II Directive, which raises targets for the use of biofuels, will have a major impact on the fuel market going forward. By investing in environmentally-friendly solutions in advance, we will be well positioned to meet the ambitious EU targets,' said Daniel Obajtek, President of the PKN ORLEN Management Board.
If a decision to go ahead with the project is made, PKN ORLEN will construct an HVO unit and deploy the innovative technology to hydrotreat rapeseed oil, used cooking oil or their mixture. The end product would be used as an additive to diesel oil or JET aviation fuel. This would facilitate achievement of the national indicative target (biofuel quota), and thus compliance with the EU requirements to increase the share of biofuels in the transport fuel mix.
The contemplated project is consistent with PKN ORLEN's operational programme for the biofuels area. The HVO unit's annual capacity could reach approximately 300,000 tonnes, which would satisfy the requirements of PKN ORLEN's plant in Płock, supporting achievement of the national indicative target and, consequently, of the targets set in the Renewable Energy Directive (RED II).
In line with the EU legislative regime, the coming years will see increasing prominence of biofuels in transport, especially those made from non-food crops and waste materials. From 2020 onwards, the use of standard biofuels produced from food crops will be capped at 7%, although they will continue to be used. In practice, fuel refiners will be able to use both first-generation (food crops) and second-generation (non-food crops and waste materials) biocomponents in fuel production.