Poland
ORLEN Halts Misguided Olefins III Project
The ORLEN Management Board has decided to halt the Olefins III project after determining that the actual implementation costs would have exceeded the initial estimates by sixfold. This decision is expected to save the company approximately PLN 15 billion. The funds will be redirected towards projects that sustainably enhance the competitiveness of both the company and the Polish economy. Irregularities related to the capital investment process have been reported to the prosecutor’s office. Additionally, ORLEN is considering pursuing a compensatory claim against former management board members, enabled by a recently adopted resolution of the General Meeting.
Global Construction Update: LNG Markets, Resurgent China Kindle Pipeline Projects
by Jeff Awalt, Executive Editor, Pipeline & Gas Journal Global midstream markets continue to face near-term headwinds and economic uncertainties, but Europe’s rapid transition from Russian energy and projected higher demand in Asia continue to drive midstream expansion in those regions and other..
SFC Energy AG wins follow-up order in Poland - Security company Linc Polska orders EFOY Pro fuel cells for more than EUR 1 million
SFC Energy AG, a leading supplier of hydrogen and methanol fuel cells for stationary and mobile hybrid power solutions, has secured another order from Linc Polska. The Poznan-based security company is purchasing EFOY Pro 2800 series fuel cells with a total order value of more than EUR 1 million. The order will be fully recognized in sales and earnings in fiscal 2023.
Six partners have signed a cooperation agreement to develop Nordic-Baltic Hydrogen Corridor
The EU member states are currently in the process of dynamic changes related to the energy transformation and the decarbonisation of the European economy. Hydrogen is expected to be one of the key fuels in the EU's energy transformation. Now, the gas transmission systems operators (TSOs) are moving in good collaboration from European Hydrogen Backbone (EHB) vision to action. On December 14, 2022 TSOs from six EU countries signed a cooperation agreement on a cross border project, Nordic-Baltic Hydrogen Corridor.
