The European Investment Bank and the Polish oil refining, energy and petrochemical company PKN Orlen have signed in Warsaw EUR 180 million loan agreements that will help finance the company’s new activities in bio-refinery and bio-chemical production, including in research and development. The loan will help finance three projects. Two of them relate to the development of renewable sources of energy, while the third one is about scaling up research and development. The recently opened R&D Centre in Plock in Central Poland, regroups all activities in the development of renewable chemical and biofuels technologies. The centre will develop new technological solutions to support the company’s long-term decarbonisation plan Orlen2030, aiming at reaching net zero emissions by 2050. It will also help it to build the company’s lasting competitiveness.