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How did we get here?

Discover VARO's story, which began with the purchase of the Cressier refinery in Switzerland in 2012, up to our latest announcement.  

  

our story

July, 2022
VARO announces new ambitious ESG strategy aligned with its recently announced ONE VARO Transformation strategy
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Zug, Switzerland, 25th July 2022 VARO Energy (“VARO”) today announces the release of its first ESG report. A central part of VARO’s new strategy to be the energy transition partner of choice, the report sets out ambitious ESG targets aligned with the ONE VARO Transformation strategy. At the core of the strategy is VARO’s commitment to be Net Zero by 2040.
July, 2022
VARO announces new strategy to invest $3.5 billion and help customers meet Net Zero ambitions
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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.
 
July, 2022
VARO 10 Years - Testimonials
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June, 2022
Taaleri's associated company Fintoil signed a significant offtake agreement
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Taaleri's associated company Fintoil has signed a significant offtake agreement with the Swiss company VARO Energy (“VARO”). At the same time, Taaleri and VARO agreed on strategic cooperation for sustainable development in the context of the energy transition. Taaleri owns 24% of Fintoil.

January, 2022
VARO Energy and GPS Group announce the completion of an integrated biofuels facility in the Port of Amsterdam
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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.

January, 2022
Switzerland’s most powerful ground-mounted solar facility to be built in Cressier (NE)
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VARO Energy Group (“VARO”) and Groupe E, companies active in the energy transition, announced that they will build the most powerful ground-mounted solar facility in Switzerland.
January, 2022
Dev Sanyal stepping into role of VARO’s CEO
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VARO Energy Group, a leading energy company active across Europe, has announced that today Dev Sanyal is formally stepping into the role of Chief Executive Officer.
2021
VARO enters eMobility solutions through acquisition of stake in E-Flux
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VARO signs an agreement to acquire 49,5 % of the shares in E-Flux, a Dutch technology company that provides software for electric vehicle charging.
2021
VARO announces the acquisition of SilviCarbon
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VARO has acquired a 51% stake in SilviCarbon, a global leader in nature-based Carbon Dioxide Removals (CDRs).
2021
The Carlyle Group increases its stake in VARO Energy
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Carlyle completed the acquisition of the stake in VARO and now holds 66.66% of shares in the company.
2019
VARO becomes majority shareholder in the German refinery Bayernoil
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VARO becomes majority shareholder in the German refinery Bayernoil with a total of 51.4% shares and acquires  Pmb-plant in Vohburg.
2019
SMD Beheer BV
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VARO acquires 100% of the shares in SMD Beheer BV, a company within the Calpam-group, thus adding 19 Calpam-branded stations to its Dutch retail network.
2018
VARO purchases Van den Belt
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VARO expands their retail network in the Netherlands with the purchase of Van den Belt and gains several fuel stations in the process.
2017
VARO acquires 100% shares of Inter Oil B.V.
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VARO announces the growth of retail activities in the Netherlands by signing an agreement to acquire 100% of the shares of Inter Oil B.V., a holding company, gaining the brand names Brand Oil and amiGo.
2017
Petrotank terminal sold
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A former Petrotank terminal situated in Hanau in Germany is sold to Adolf Roth GmbH & Co. KG.
2017
Hydrocarbon Hotel Tankstorage sold
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Hydrocarbon Hotel Tankstorage Terminal, purchased in 2016, is sold to Global Petro Storage.
2017
Schneider Mineralöl Meissen GmbH
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VARO announces the growth of retail business in Eastern Germany by acquiring the assets of Schneider Mineralöl Meissen GmbH, a retail and direct sales company.
2017
Purchase of United Fuel Group B.V
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VARO expands their retail network in the Netherlands with the purchase of United Fuel Group B.V. and gains several fuel stations in the process.
2016
Hydrocarbon Hotel and Enviem Terminal
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VARO takes full control over two tankstorage terminals in the Netherlands: Hydrocarbon Hotel and Enviem Terminal.
2016
VARO expands bunkering activities
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VARO expands their inland bunkering activities by acquiring Fiwado B.V. in the Netherlands.
2016
VARO Energy Tankstorage GmbH
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Petrotank, purchased in 2014, changes its name to VARO Energy Tankstorage GmbH.
2015
VARO acquires Gekol
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VARO acquires German wholesale distributor Gekol and its subsidiary Marol.
2015
VARO merger with Argos
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VARO and Argos, a Dutch based company, sign a merger agreement and VARO gains full ownership of Rhytank AG, located in Switzerland.
2015
VARO Bunkering
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VARO purchases bunkering activities from Vitol in Germany.
2014
Vitol Marketing & Petrotank
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VARO purchases Vitol Marketing & Petrotank in Germany.
2014 September
Roger Brown Named Chief Executive Officer of VARO
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VARO has announced  that Roger Brown will become the firm’s CEO, effective first quarter of 2015.
2014 July
VARO expands by acquiring storage and general trade businesses in Switzerland from Total
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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.
2014 July
VARO becomes owner of 45% of Bayernoil refinery
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VARO completed the acquisition of shares held by OMV Deutschland GmbH (Vienna SE – OMV:AV) in Bayernoil Raffineriegesellschaft mbH, as well as certain downstream assets owned by OMV Deutschland GmbH.
2015 - January
50 million CHF investment in Cressier Refinery
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VARO announces the investment of over 50 million Swiss Francs in the refinery turnaround and other projects at Cressier Refinery, Switzerland. This is one of the most significant investments in the site’s history, putting the refinery in a position where it can remain competitive for the long term.
2012
Cressier refinery, marketing and storage activities
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Purchase of the Cressier refinery, marketing and storage activities in Switzerland.
2021
VARO enters eMobility solutions through acquisition of stake in E-Flux
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VARO signs an agreement to acquire 49,5 % of the shares in E-Flux, a Dutch technology company that provides software for electric vehicle charging.
2021
VARO enters eMobility solutions through acquisition of stake in E-Flux
Read more
VARO signs an agreement to acquire 49,5 % of the shares in E-Flux, a Dutch technology company that provides software for electric vehicle charging.
2021
VARO enters eMobility solutions through acquisition of stake in E-Flux
Read more
VARO signs an agreement to acquire 49,5 % of the shares in E-Flux, a Dutch technology company that provides software for electric vehicle charging.
VARO announces new ambitious ESG strategy aligned with its recently announced ONE VARO Transformation strategy
VARO announces new strategy to invest $3.5 billion and help customers meet Net Zero ambitions
VARO 10 Years - Testimonials
Taaleri's associated company Fintoil signed a significant offtake agreement
VARO Energy and GPS Group announce the completion of an integrated biofuels facility in the Port of Amsterdam
Switzerland’s most powerful ground-mounted solar facility to be built in Cressier (NE)
Dev Sanyal stepping into role of VARO’s CEO
VARO enters eMobility solutions through acquisition of stake in E-Flux
VARO announces the acquisition of SilviCarbon
The Carlyle Group increases its stake in VARO Energy
VARO becomes majority shareholder in the German refinery Bayernoil
SMD Beheer BV
VARO purchases Van den Belt
VARO acquires 100% shares of Inter Oil B.V.
Petrotank terminal sold
Hydrocarbon Hotel Tankstorage sold
Schneider Mineralöl Meissen GmbH
Purchase of United Fuel Group B.V
Hydrocarbon Hotel and Enviem Terminal
VARO expands bunkering activities
VARO Energy Tankstorage GmbH
VARO acquires Gekol
VARO merger with Argos
VARO Bunkering
Vitol Marketing & Petrotank
Roger Brown Named Chief Executive Officer of VARO
VARO expands by acquiring storage and general trade businesses in Switzerland from Total
VARO becomes owner of 45% of Bayernoil refinery
50 million CHF investment in Cressier Refinery
Cressier refinery, marketing and storage activities
VARO enters eMobility solutions through acquisition of stake in E-Flux
VARO enters eMobility solutions through acquisition of stake in E-Flux
VARO enters eMobility solutions through acquisition of stake in E-Flux
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