We are focusing on five growth pillars targeting the most attractive low carbon growth markets in Europe.
Why VARO
- VARO is a leading biofuels marketing and distribution franchise in Europe, blending biofuels in 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 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 minimise the use of food and feed crop 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 and HVO
- 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
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 51% 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 carbon portfolio
Why VARO
- VARO owns 67.9% of the shares in E-Flux, a leading Dutch technology company that provides software for electric vehicle charging
- The E-Flux platform provides key e-Mobility services by connecting EV-drivers to an extensive EV-charging infrastructure. The platform holds a pivotal role in the EV Charging ecosystem and functions as a spider web to enable continuous EV Charging operation
- Biotickets compliance position creates synergies with existing business
Our Scale up plan
- Portfolio approach with investment into four models: backend software, smart charging, project developer for commercial fleets and hospitality clients
- 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