Difficult talks ahead for Orlen and Synthos. A crucial end of the year

The umbrella agreement between Orlen and Synthos is just the beginning of complex negotiations regarding the SMR project. Orlen aims to influence safety, procurement, and investment processes. The operational control is primarily with Orlen, holding 70% of shares in the project company. Discussions with the Polish Development Fund about potential capital involvement in SMR development are ongoing, with a preference for direct investment in Synthos Green Energy projects. The future negotiations are expected to be challenging, despite optimistic timelines for completion.