Our twin engine strategy

In July 2022, VARO announced its ONE VARO Transformation strategy laying out its path to becoming the energy transition partner of choice by providing customers the sustainable and reliable energy solutions they need to reach Net Zero.

An integrated portfolio of energy solutions to meet customers’ needs

VARO’s twin engine strategy seeks to respond to both energy security and energy transition requirements of our customers, with “Engine 1”, the Conventional Energies business, and “Engine 2”, the Sustainable Energies business.

Engine 1 2 Chart

Conventional Energies

Engine 1 activities consist of manufacturing, storage and marketing and distribution of Conventional Energies. The priority for Engine 1 is to continue to operate safely and reliably, to reduce our emissions and to provide the energy security that is essential for our customers.

Sustainable Energies

Engine 2 focuses on Sustainable Energies and consists of five growth pillars targeting the most attractive low-carbon growth markets in Europe: biofuels, biomethane and bio-LNG, hydrogen, e-mobility and carbon removals.

Our path for growth

A stepped approach to accelerate VARO’s transformation journey.

Step 1

Transaction

Maximise the efficiency of current operations and leading position in bio business.

Step 2

Transition

Accelerate sustainable energies businesses by building / repurposing / acquiring assets and developing new solutions.

Step 3

Transformation

Scale-up VARO to become a leading independent, integrated energy company and provider of sustainable solutions.

Our 2026 goals

A strategy with a clear tramline for the next five years.

$3.5bn

VARO will invest $3.5 billion over the 2022-26 period, with 2/3 committed to Sustainable Energies

50%

Sustainable Energies to account for over 50% of group EBITDA by 2026

X3 EBITDA

EBITDA to triple by 2026

Our five growth pillars

What does this mean for our customers?

We provide solutions to our customers through our Customer Lighthouses, focusing on hard-to-abate sectors: Food retailers, Wholesalers/Retailers, Process Heat and Business Travelling.

To solve their frictions, we work together to find the best solutions to their collective and individual challenges, thereby acquiring in-depth expertise.

Varo Customer Lighthouse V3
Varo New Position V1

Discover VARO's business

Supplying energy is at the core of VARO’s business.

VARO produces, stores and markets a wide variety of energy solutions to its customers located across Europe.

Our business

VARO's value proposition

  • VARO reliably supplies energy for customers to operate
  • We build infrastructures to create access to sustainable energies
  • We enable customers’ decarbonisation and emission reduction targets

Discover VARO