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VARO’s Twin Engine 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.

 

An integrated portfolio of energy solutions to meet customers’ needs

Our ONE VARO twin - engine growth strategy consists of an integrated portfolio of energy solutions to meet customers’ needs. Engine 1, conventional energies business accelerates Engine 2 sustainable energies growth. 

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Our 5 growth pillars

  • biofuels-VARO.JPG

  • HYDROGEN.JPG

  • BIOMETHANE-BIO-LNG.JPG

  • CARBON-REMOVALS.JPG

  • E-MOBILITY.JPG

What does this mean for our customers?

Providing solutions to our customers through our Customer Lighthouses. We will be working together with customers to find solutions to solve their frictions.

VARO's VALUE PROPOSITION

  • Reliably supply energy for customers to operate.
  • Build infrastructures and create access to sustainable energy.
  • Enable customers’ decarbonisation and emission reduction targets.

Key-figures

  • VARO will invest $3.5 billion over the 2022-26 period, with 60-70% committed to Sustainable Energies.
     

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

  • Twin engines will grow EBITDA >3x by 2026, up from $321 million in 2021.
     

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