We are focusing on five growth pillars targeting the most attractive low-carbon growth markets in Europe.
Why VARO
- VARO is a leader in the distribution and marketing of biofuels in Europe, blending biofuels with conventional fuels
- We have pioneered the introduction of biofuels in our markets. As an example, we were the first company to introduce material quantity of advanced bioethanol in Switzerland. In 2015 we invested in blending facilities to blend bio-ethanol (from amongst other waste) into gasoline and introduce the E5 grade and in 2016 we added biodiesel blending facilities to produce B7
Our Scale up plan
- VARO will continue to gradually minimize the use of food and feed crop feedstock for the production of biofuels
- Our plan has a phased approach, with initial focus on building manufacturing assets to produce advanced biofuels - biofuels made from waste and advanced feedstocks (Annex IX A and B of the RED regulations) - notably Sustainable Aviation Fuels, advanced FAME (Fatty Acid Methyl Esters) and VARO Renewable Diesel (HVO100)
- To achieve this, we intend to build long term partnerships to secure advanced feedstocks
Our 2026 goals
250kt
2026 operational target
Why Varo
- In-depth biotickets expertise and compliance short
- Advantaged customer relationships through fuels business
- Expertise in bio feedstock sourcing
- Acquisition of 80% of the shares in Bio Energy Coevorden BV (BEC) in The Netherlands, one of the largest biogas manufacturers in Europe with a plan to double the current facility capacity from 300 GWh to 650 GWh by 2026
- VARO owns RES, one of Europe’s leading biogas trading companies, adding a trading capacity of 1 TWh of biogas and Green Certificates per year which is equivalent to the greenhouse gas (“GHG") emissions of 100,000 European homes
Our Scale up plan
- Selective acquisitions in short term while building industrial scale greenfield projects
- Monetisation focused on injection into the gas grid and bio-LNG
Our 2026 goals
1TWh
of biomethane capacity, including bio-LNG
Why VARO
- VARO owns a 59.8% stake in SilviCarbon, a global leader in nature-based Carbon Dioxide Removals (CDRs)
- With an abundance of expertise in carbon, forestry and agro-forestry markets, SilviCarbon purposefully selects and participates in scalable afforestation, reforestation and regenerative farming projects that provide tangible long-term economic and social benefits
- SilviCarbon matches reforestation projects with carbon market participants to facilitate the removal of carbon from the atmosphere for the long- term. The company’s four founders bring their extensive experience in plantations, forestry products and carbon markets to develop carbon financing solutions for large-scale forestry projects
- Leveraging VARO’s trading and marketing capabilities, this enables to provide carbon removal credits and integrated energy offering to companies seeking to meet their net zero climate targets
Our Scale up plan
- Develop a carbon portfolio of high quality removals
- Expand sourcing and trading activities
Our 2026 goals
15Mt
CO2 equivalent lifetime carbon portfolio
Why VARO
- VARO owns 100% of elexon GmbH (“elexon”), a leading developer of charging infrastructure with over 24,000 charging points at 900+ locations, primarily in Germany, Switzerland and Austria, with significant growth plans. elexon complements VARO’s power supply and charge point back-end business (via Road.), providing customers with a full e-mobility service
- VARO has partnered with Truckparkings Rotterdam Exploitatie BV to operate the first e-truck charging hub with 8 drive-thru charging lanes in the Port of Rotterdam
- VARO owns 67.9% of the shares in Road, a leading EV charging platform provider specializing in seamless software solutions to manage charging infrastructure, transactions and payment services
- With their purpose-built SaaS platform, unique expertise and world-class customer service, they provide a complete solution for EV charging transactions, making e-mobility effortless. Road offers this fully serviced platform under the label E-Flux
- Road alternatively offers a private label to power industry leaders across various industries with custom-branded, lean-and-mean EV charging solutions, eliminating the need to develop their own software
- The company has experienced a 300% annual growth and is a market leader in this segment in Benelux. It is now expanding in Germany, France, Italy, Spain and the UK
- Biotickets compliance position creates synergies with existing business
Our Scale up plan
- Portfolio approach with investments and business into 3 core models: power supply and smart charging, project developer for commercial fleets and backend software
- Partnerships and acquisitions throughout the value chain
Our 2026 goals
700k
sockets
Why VARO
- Expertise in H2 handling (significant H2 consumer / producer in own assets)
- Advantaged site locations near industrial hubs
- Leverage regulatory support for decarbonisation to build initial capacity in Bayernoil
Our Scale up plan
- Phased approach with initial investment of ~$50M in first phase in Bayernoil
- Future opportunities to expand capacity and serve industrial and mobility sectors
Our 2026 goals
125MW
electrolyzer capacity
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