Varo Energy

VARO Energy (“VARO”) is the partner of choice for customers in the energy transition by providing the sustainable and reliable energy solutions that they need to decarbonize. Engine 1 includes manufacturing, storage, distribution, marketing, and trading of conventional energies. Engine 2 activities are focused on sustainable energies and include biofuels, biogas, green hydrogen, e-mobility, and nature-based carbon removals. VARO plans to invest around $3.5 billion over the 2022-26 period, with two-third committed to sustainable energies. The company has a net zero target for scope 1, 2 and 3 by 2040. VARO is a Swiss-based private company.

VARO aims to become a leading producer of biomethane and Bio-LNG via selected acquisitions and industrial scale greenfield projects. Varo has in-depth biotickets expertise and compliance short, advantaged customer relationships through fuels business, expertise in bio feedstock sourcing. We acquired 80% of the shares in Bio Energy Coevorden BV (BEC) in The Netherlands, one of the largest biogas manufacturers in Europe with a plan to double the current facility capacity from 300 GWh to 650 GWh by 2026. VARO owns RES, one of Europe’s leading biogas trading companies, adding a trading capacity of 1 TWh of biogas and Green Certificates per year which is equivalent to the greenhouse gas (“GHG”) emissions of 100,000 European homes.