In order to make European refineries profitable again, further cuts in capacity are necessary. By 2025 they are estimated at 1.35 million barrels per day. Individual refineries that profit from oil refining are at the biggest risk of going under. Lotos’s refinery would join this group, because even high efficiency won’t protect it from refining becoming unprofitable due to the situation on the market. So, when one considers the takeover of Lotos by Orlen from the perspective of changes in the global and European refining industry, it becomes apparent that the transaction safeguards it against a possible shutdown – Adam Czyżewski, PKN Orlen’s chief economist in an interview with BiznesAlert.pl.
Polish Briefing: Morawiecki and Macron discuss the nuclear | Westinghouse promises 2 thousand jobs in Poland
What goes on in Poland on the 16th of March.
Paulus: France’s old nuclear power plants are a threat to Europe (INTERVIEW)
Modernizing the safety of reactors in France’s nuclear power plants, e.g. to prevent core meltdowns, is technologically impossible and in some areas, such as safety in case of an earthquake, it is so expensive it is practically impossible. The consequences of nuclear disasters go beyond a country’s border. France’s old nuclear power plants are a threat not only to France, but to entire Europe – Jutta Paulus (Greens/EFA) said in an interview with BiznesAlert.pl.
Polish Briefing: Ember warns against Poland becoming dependent on another fossil fuel
What goes on in Poland on the 15th of March.
Dąbrowski: Japan is going back to nuclear energy after the Fukushima disaster (INTERVIEW)
Since the disaster at the Fukushima power plant there haven’t been any other breakdowns at Japan’s nuclear facilities. Caused by a tsunami wave, the disaster had to undermine, at least partially, the society’s trust in nuclear power. However, as time goes by the Japanese are starting to realize it is not easy to replace this source of energy with another one if one wants to maintain a high level of civilizational development – says professor Mariusz Dąbrowski, head of the Division of Nuclear Energy and Environmental Studies at the National Centre for Nuclear Research, in an interview with BiznesAlert.pl.
Polish Briefing: CO2 emissions price impacts Polish energy sector | Poland-US talks on Russia and Nord Stream 2
What goes on in Poland on the 12th of March.
Chuprov: There’s no guarantee that a disaster like Fukushima cannot happen in Russia
Nobody can guarantee that a disaster like Fukushima couldn’t happen in Russia. It relates to any country. One may ask about the likelihood of such a scenario. The majority of the world’s nuclear reactor fleet, which is about 400, is of the first or second generation having a probability of big accidents one per 10 000 years per one reactor. Chernobyl and Fukushima show that disasters in nuclear power plants occur statistically every 20-30 years proving this probability – says Vladimir Chuprov, leader of Greenpeace Russia’s Energy Program.
Polish Briefing: CBAM is in line with the expectations of Polish electricity sector
What goes in Poland on 11th of March?
Polish Briefing: Orlen-Exxon deal. Poland wants the EC to recognize gas as transition fuel
What goes on in Poland on the 10th of March.
Time for a moratorium on Nord Stream 2. Poles may reveal how the Kremlin uses Gazprom
An interim solution to the Nord Stream 2 dispute is to impose a moratorium on its construction at least until the end of talks between the US, Germany and other interested parties. Poland could contribute to the negotiations by offering its knowledge on how Gazprom abused its position with regard to the Yamal contract – writes Wojciech Jakóbik, editor in chief at BiznesAlert.pl.