Varo Energy Company Overview and History

Varo Energy is a leading energy company that has been around for a while. Founded in 2004, Varo Energy has grown to become one of the largest independent energy companies in the world.

Varo Energy's history is marked by a series of strategic acquisitions and partnerships that have helped the company expand its operations and increase its market share. The company's commitment to innovation and customer satisfaction has been a key factor in its success.

Varo Energy's global presence is a testament to its ability to adapt and thrive in a rapidly changing energy market. With operations in multiple regions, the company is well-positioned to capitalize on emerging trends and opportunities.

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We're VARO Energy, a global energy company with a presence in twenty-six countries. Our headquarters is located in Zug, Switzerland.

Our operations span across the energy value chains, including manufacturing, storage and distribution, marketing and trading, conventional energies, and sustainable energies.

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We own a manufacturing hub in Cressier, Switzerland, and a majority share in the Bayernoil manufacturing hub in Bavaria.

One of our notable assets is an 80% share in one of the largest European biogas facilities, located in Coevorden.

We also have storage facilities, distribution, and marketing businesses across key European hubs.

We're committed to innovation, as evidenced by our 100% share in elexon, a leading European developer of commercial vehicle charging.

In addition to elexon, we have a significant stake in SilviCarbon, a global leader in nature-based Carbon Dioxide Removals (CDRs) in Asia and South America, with a 59.8% share.

And, we own a 67.9% share in Road, an EV charging platform provider.

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VARO has made a commitment to be Net Zero by 2040, a key part of its strategy to become the energy transition partner of choice.

This ambitious goal is supported by a twin-engine strategy that focuses on five strategic growth pillars. VARO aims to become the energy transition partner of choice by leveraging these pillars.

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Advanced Biofuels are one of VARO's strategic growth pillars, aiming to provide a cleaner and more sustainable alternative to traditional fuels.

Biomethane & Bio-LNG, another key pillar, involves the production and distribution of renewable fuels.

Green Hydrogen is also a focus area for VARO, as it seeks to develop and commercialize this clean energy source.

E-mobility is another strategic growth pillar, aiming to support the transition to electric vehicles and reduce greenhouse gas emissions.

Nature-based Carbon Removals is VARO's fifth strategic growth pillar, aiming to remove CO2 from the atmosphere through natural means.

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Varo Energy's acquisition strategy has been a key driver of its growth. Varo acquired a 50% stake in the Pembroke Refinery in 2019, a deal that significantly boosted its refining capacity.

The Pembroke Refinery, located in Wales, has a capacity of 240,000 barrels per day. This acquisition has enabled Varo to increase its refining capacity and expand its market presence.

Varo's growth has also been fueled by its investments in the US Gulf Coast. The company has built a significant presence in the region, with a focus on refining and petrochemicals.

Varo's acquisition of a 50% stake in the Pembroke Refinery has also given it access to a significant pipeline network. This network provides Varo with a reliable and efficient way to transport its products to market.

Varo's growth strategy is focused on building a strong presence in the global energy market. The company is committed to investing in its assets and expanding its operations to meet growing demand.

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