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Zsuzsanna Ortutay (INA): The Largest Strategic Investment is the Upgrade of the Rijeka Refinery

<p>Zsuzsanna Ortutay, Ina<br>
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Zsuzsanna Ortutay, Ina   / Image by: foto

INA Group records stable business results and shows resilience despite the unpredictability of global markets. As one of the largest Croatian exporters, we are seriously committed to implementing our strategic investments. The largest and most significant is certainly the upgrade of the Rijeka refinery where we are building a facility for processing heavy residues. The new facility will enhance the competitiveness of our refining business and enable the production of larger quantities of diesel fuel.

This strategic step will strengthen INA’s position in our key markets in Croatia and Bosnia and Herzegovina, especially in the neighboring Slovenian market where last year, in partnership with the MOL Group, we completed the acquisition of the OMV gas station network. INA has stable exports in all markets, noting that in the first six months of this year compared to the same period last year, we are recording an increase in the export of derivatives to Slovenia and Bosnia and Herzegovina. Of course, our most important task remains the secure supply of the Croatian market.

INA has a long tradition when it comes to informatization and sustainability. Back in the 1960s, among the first in Croatia, INA introduced information systems into its operations. Today, in our oil and gas fields, in processing plants, refineries, logistics, and at our retail locations, we use highly automated systems. As well as robotic systems for automating processes in accounting. We continue with digitalization, especially in retail with IT solutions such as in-car payments for business customers or our Loyalty program.

We started the sustainability concept in our company nearly 30 years ago. The results of the measures taken and investments initiated in the ESG area are increased energy efficiency, reduced greenhouse gas emissions, and increased profitability. We demonstrate our commitment to sustainable development by allocating 20 percent of capital investment funds to projects related to renewable energy sources in 2025. Solar power plants, hydrogen production, and biogas production, as well as other green initiatives, could contribute to reducing emission intensity by up to 10% by 2030 and 50% by 2040. Environmental and climate protection goals are becoming increasingly rigorous, and we will need to find the best way to simultaneously preserve the climate and our economies.

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