Varo energy Guinea

Varo Energy in Talks to Acquire Preem''s Swedish Refineries

European energy firm Varo Energy is in talks to acquire Preem''s two Swedish refineries in a bet on growing demand for low-carbon biofuels, four industry sources told Reuters. Varo has been expanding fast in Europe''s refining and fuel trading in recent years. The company is backed by private equity giant Carlyle Group (CG.O) and the world''s

Varo Energy in talks to Buy Preem''s Swedish refineries, Sources Say

December 09, 2024 [Reuters]- European energy firm Varo Energy is in talks to acquire Preem''s two Swedish refineries in a bet on growing demand for low-carbon biofuels, four industry

Exclusive: Varo Energy in talks to buy Preem''s Swedish refineries

LONDON, Dec 6 (Reuters) - European energy firm Varo Energy is in talks to acquire Preem''s two Swedish refineries in a bet on growing demand for low-carbon biofuels, four industry sources told Reuters.

VARO Energy

VARO''s new strategy is designed to help its customers by supplying the low carbon and reliable energy they need to reach Net Zero. VARO has a plan to invest $3.5 billion in the next five years in its "twin-engine" strategy, with around two-thirds

VARO Energy

VARO Energy (VARO) is a diversified energy company headquartered in Zug, Switzerland with a presence in twenty-six countries. It operates across the energy value chains in manufacturing, storage and distribution, marketing and trading, with businesses in conventional energies and sustainable energies. In 2022, VARO announced its "ONE VARO Transformation strategy" which focu

Our strategy | Accelerating the energy transition | VARO Energy

Discover VARO Energy''s ONE VARO Transformation strategy aimed at becoming the leading energy transition partner. Learn about their twin engine strategy, which integrates conventional

VARO Energy

Our strategy | Accelerating the energy transition | VARO Energy

Discover VARO Energy''s ONE VARO Transformation strategy aimed at becoming the leading energy transition partner. Learn about their twin engine strategy, which integrates conventional and sustainable energy solutions, their 2026 goals,

Home | Accelerating the energy transition | VARO Energy

VARO Energy is committed to accelerating the energy transition with a blend of conventional and sustainable energy solutions. Learn about their innovative approach, reliable energy supply, and sustainable practices that meet diverse energy needs across Europe.

Exclusive: Varo Energy in talks to buy Preem''s Swedish refineries

LONDON, Dec 6 (Reuters) - European energy firm Varo Energy is in talks to acquire Preem''s two Swedish refineries in a bet on growing demand for low-carbon biofuels, four industry sources

Varo Energy in talks to Buy Preem''s Swedish refineries, Sources Say

December 09, 2024 [Reuters]- European energy firm Varo Energy is in talks to acquire Preem''s two Swedish refineries in a bet on growing demand for low-carbon biofuels, four industry sources told Reuters. Varo has been expanding fast in Europe''s refining and fuel trading in recent years. The company is backed by private equity giant Carlyle

Accelerating low-carbon

Discover VARO Energy''s sustainable energy solutions, focusing on biofuels, biomethane, carbon removals, e-mobility, and hydrogen. Learn about their innovative projects and strategic goals to support the energy transition and achieve Net Zero.

Varo energy Guinea [PDF]

6 FAQs about [Varo energy Guinea]

What is Varo energy?

Will Varo energy buy Preem?

European energy firm Varo Energy is in talks to acquire Preem's two Swedish refineries in a bet on growing demand for low-carbon biofuels, four industry sources told Reuters.

What makes Varo unique?

VARO produces, stores and markets a wide variety of energy solutions to its customers located across Europe. At VARO, we are entrepreneurial and agile. To deliver our ambitions, we are bringing together people who share a passion for our industry and are willing to have a role in its transformation.

Who are Varo Energy's shareholders?

VARO Energy's shareholders consist of the global investment firm, Carlyle Group and the global energy and commodities company Vitol. The company CEO is Dev Sanyal.

Is Varo reducing its impact on the environment?

VARO is committed to minimizing its impact on the environment. We have set a sector-leading objective to become Net Zero by 2040 with intermediate milestones.

What assets did Varo acquire?

The purchased assets include tank storage facilities in Eclépens near Lausanne and Total's entire end customer distribution and sales network for domestic heating oil and diesel in Switzerland. Roger Brown is appointed chief executive officer of VARO.

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