ORLEN Unipetrol, Czechia’s largest refining and petrochemical company has signed a memorandum of cooperation with the local utility company Pražská plynárenská in the area of emissions reduction through hydrogen development and low-emissions energy generation.
“As part of the strategy we have adopted, we committed ourselves to cut emissions by one-fifth until 2030 and become emissions-neutral by 2050″, said Tomasz Wiatrak, CEO of the ORLEN Unipetrol Group.
“Meeting these objectives is a great challenge for us also because we see ourselves as one of the pillars of the Czech economy and we feel responsible to guarantee continuity deliveries of strategic products to the domestic market. That is why I am pleased that we can cooperate with Pražská plynárenská […] I believe that together, we will contribute to a better and sustainable future of the Czech Republic”, he added.
ORLEN Unipetrol Group plans to invest 35 billion Czech koruna [approximately 1.4 billion euros] in higher efficiency, digitisation and sustainable projects by 2030, including in hydrogen infrastructure development of passenger car transport and road freight and rail transport of goods. In addition, it wants to equip 54 stations in the Czech Republic and Slovakia with hydrogen refilling pumps and build three hydrogen distribution centres.
At the same time, Pražská plynárenská has plans of ensuring carbon-neutral operations and intends to offer its customers at least 75 per cent green products in the future.
“Our company is both a reliable and significant energy supplier and energy service provider in our region […] contributing to the sustainable development of the City of Prague”, underscored Martin Pacovský, chairman of the board of directors at Pražská plynárenská.
“[…] we view the environmental protection and support of new energy technologies and solutions as an integral part of our business activities […] We are delighted that we can cooperate with such a strong partner as the ORLEN Unipetrol Group in this respect”, he added.