Zug, 21st January 2022 – VARO Energy Group, a leading European energy transition company and GPS Group, a growing storage and logistics provider today have announced the successful completion of a new railway line and ethanol storage tanks, which will be operated as of 1st February 2022.

• VARO and GPS have developed a unique rail handling system as well as ethanol storage capacity, dedicated for VARO’s use in the Port of Amsterdam.
• The modernization of the infrastructure is an important step to respond to the increasing demand of biofuels.
• The rail system represents a more environmentally friendly logistics alternative besides offering new important trading opportunities.

Located in the Port of Amsterdam, the world’s largest trading and blending hub for fuels, this new infrastructure is state-of-the-art and one of very few rail facilities which enable the movement of traditional fuels and bio products in the ARA-region. The new railway line and ethanol storage tanks connect to 20 Class 1 tanks in the port. This integrated biofuels facility provides an environmentally friendly logistics and product offering for customers.

Dev Sanyal, CEO of VARO Energy Group says: “A modern and flexible infrastructure is a key ingredient for the energy transition. We are delighted that through the strategic collaboration with our long-term partner GPS Group, we have re-purposed existing assets and built new infrastructure. Biofuels will continue to play an important role in the energy mix and as a pioneer in biofuels and as one of the largest providers of biofuels in the ARA-region, this new rail system and new capacity to store ethanol in the Port of Amsterdam are crucial to increase our capability to blend and deliver products safely across Europe.”

Eric Arnold, CEO of GPS Group, says: “The completion of the new railway line and storage tanks marks another important milestone in the relationship between VARO and GPS. We’re thrilled that together we have been able to improve the energy infrastructure at the Port of Amsterdam.”

The expansion of the existing infrastructure through GPS Group for VARO follows the commissioning of c.134 thousand m3 of class 1 storage for VARO in December 2019. It also supports growing production needs to biofuels across geographies.

About VARO

VARO Energy (“VARO”) is an energy company operating throughout the complete fuel supply chain with refining, storage, blending, distribution, sales and marketing assets. It safely delivers high-quality fuels from conventional and renewable sources to its national and international business customers and end-consumers.

The company owns manufacturing assets in Cressier, Switzerland, a majority share in the Bayernoil refinery, Southern Germany, as well as storage facilities, distribution and marketing businesses in Benelux, France, Germany and Switzerland.

VARO Energy owns a 51% stake in SilviCarbon, a global leader in nature-based Carbon Dioxide Removals (CDRs) and a 49.5% share in E-Flux, a leading provider of electric vehicle charging software.

For more information about VARO, please visit www.varoenergy.com.