Ladies and Gentlemen, Dear Shareholders!
Unexpectedly, 2020 turned out to be a year of enormous challenge for all of us. The coronavirus pandemic, restrictions on social contact and business activity and the resulting global economic downturn combined with turbulence on the oil market had an impact on the fuel sector, including the LOTOS Group’s business.
President of the Management Board Grupa LOTOS S.A.
In 2020, the European Commission announced its conditional decision to approve the merger of Grupa LOTOS and PKN ORLEN. This is an important step in the process of building a strong multi-utility company that should lead the energy transition.
Although it was full of challenges, 2020 confirmed the high flexibility and efficiency of our refinery and the professionalism and commitment of our staff in the downstream division. We were able to quickly adjust to the fast-changing environment, ensuring the availability of our products on the domestic market.
Pod względem inwestycyjnym, za istotne w 2020 r. uznać należy zakończenie Projektu EFRA oraz przekazanie do eksploatacji centrum produkcyjnego na złożu B8. Warto też wymienić inwestycje proekologiczne: budowę nowej instalacji odzyskiwania oparów, uruchomienie Węzła Odzysku Wodoru, a także sfinalizowanie projektu CEMS.
In terms of capital investment, key milestones in 2020 were the completion of the EFRA Project and commissioning of the production centre on the B8 field. Worthy of note are also our pro-environmental projects: construction of a new vapour recovery unit, start-up of a hydrogen recovery unit and completion of the CEMS project.
Grupa LOTOS was flexible enough to provide secure access to its products and services.
Our response to the changing business environment is a project involving the construction of a large-scale hydrogen production system.
