Petroleum refining company Orlen Lietuva started the construction of a deep crude conversion unit at the Mazeikiai Refinery, in Lithuania, a project that will enable the production of more valuable light products at the expense of high sulphur fuel oil, improve competitiveness and reduce dependence on macroeconomic changes.
“Poland is a very important strategic partner of ours in the energy sector, and Orlen Lietuva’s activities in Lithuania are one of the examples of this partnership,” said the Minister of Energy Dainius Kreivys at the groundbreaking ceremony. “The refinery ensures a stable supply of oil for the whole Baltic region and is one of the most important branches of our energy security. Present investment decisions are therefore also important for Lithuania, as they contribute to the competitiveness of the Lithuanian economy and energy security.”
The construction of the new facility is not only an important project for the region’s economy and energy security. It is also the largest ever investment by Polish capital in Lithuania worth more than 640 million euros.
“In the context of ambitious energy transformation goals to be pursued by the world in the upcoming decades, the ambition of this refinery is to become the leader of a fair and sustainable energy transition in Central Europe,” underlined Michal Rudnicki, General Director of Public Company ORLEN Lietuva. “The project, which is to open up the opportunities for further development of our company in the segments such as the petrochemical industry, means that we will soon be able to deliver the European Green Deal.”
The company plans to complete the construction by the end of the year 2024.