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VARO’S TWIN ENGINE GROWTH STRATEGY

VARO’s new strategy is designed to help our customers by supplying the low carbon and reliable energy they need to reach Net Zero.

Get to know more about our new strategy

The new strategy is built around two engines

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Engine 1 is focused on Conventional Energies. Engine 2 is focused on Sustainable Energies.

Engine 1 Conventional Energies consists of manufacturing, distribution of conventional energies. Engine 1’s priority will be to continue to operate safely and to maximise cash generation while reducing the carbon footprint of our assets. Cash flows from Engine 1 will be reinvested into Engine 2. Engine 2 is focused on Sustainable Energies and consists of five consistent pillars that offer the most attractive low carbon growth potential while playing to the company’s strengths in renewables and decarbonisation.

Invest~$3.5B over the
2022-2026 period
Grow EBITDA
>3x by 2026
Sustainable Energies
over 50% of EBITDA by 2026
Get to know more about our new strategy

carbon neutral by 2040

VARO has announced a sector leading commitment to Net Zero by 2040 as a key part of its strategy to become the energy transition partner of choice.

Sector leading Net Zero targets:
- 40% absolute reduction of scope 1 and scope 2 emissions by 2030
- 15% scope 3 carbon intensity reduction by 2030
- Net Zero by 2040

Want to know more about our sustainability goals?
VARO ANNOUNCES NEW STRATEGY TO INVEST $3.5 BILLION AND HELP CUSTOMERS MEET NET ZERO AMBITIONS
05 July 2022
Zug, Switzerland – 5th July 2022 VARO ENERGY (“VARO”) today announces a new strategy to become the partner of choice for customers in the energy transition by providing the sustainable and reliable energy solutions that they need to reach Net Zero. VARO has also announced today its own commitment to become Net Zero by 2040.
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Taaleri and VARO Energy agree on strategic cooperation
14 June 2022

Taaleri's associated company Fintoil signed a significant offtake agreement with Swiss VARO Energy

Zug, Switzerland, 14th June 2022 - Taaleri's associated company Fintoil has signed a significant offtake agreement with the Swiss company VARO Energy (“VARO”).

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VARO Energy Group announces the appointment of Jeremy Baines to the Executive Board in line with its new ONE VARO Transformation strategy
04 May 2022

Zug, Switzerland, May 4, 2022 - VARO Energy Group ("VARO"), a leading European energy transition company, is pleased to announce the appointment of Jeremy Baines to the newly created position of Executive Vice President – Customers, Trading and Commercial Optimisation, effective August 15, 2022. Mr.Baines is currently President of Neste US, Inc., based in Houston. He has served Neste in senior positions in general management, trading, sales and customer origination, marketing as well as business development over the past 20 years in Houston, London and Geneva. He started his career as an LPG trader in both London and Brussels.

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Leading the energy transfor- mation

Transforming the world’s energy supply is the most ambitious industrial transformation of our time.

We exist to accelerate the transition to a world of reliable, accessible, sustainable energy

We exist to accelerate the transition to a world of reliable, accessible, sustainable energy
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