VAROPreem AG

About VAROPreem

VAROPreem is an integrated energy company created from the combination of VARO Energy and Preem. The company operates an end-to-end value chain from sourcing and trading through refining (Manufacturing) to blending, storage, distribution, marketing and bunkering. It produces conventional and renewable fuels, including hydrotreated vegetable oil (HVO), HVO100 Renewable Diesel, Sustainable Aviation Fuel (SAF), biogas and biodiesel based on Raw Tall Oil. With a processing capacity of over 530,000 barrels per day and 1.3 million tonnes of HVO/SAF per year, the company covers nearly 10% of European road and shipping fuel demand. The network comprises six Manufacturing Hubs and more than 120 terminals across Europe. The head office is located in Baar in the canton of Zug, Switzerland; the Swiss Manufacturing Hub is located in Cressier.

Site

Baar

Processes

Refining of conventional and renewable fuels (HVO, SAF, biogas), Sourcing & Trading, Manufacturing/Refining, Blending, Storage & Distribution, Marketing & Bunkering, EV Charging (elexon/Road), Biogas

Materials

Hydrotreated Vegetable Oil (HVO), Sustainable Aviation Fuel (SAF), Biogas, Renewable Diesel HVO100, Raw Tall Oil, Petroleum (Crude Oil)

Founded

2012

Industries

Mobility, Industry, Shipping/Bunkering, Trade/Fuel Stations, Aviation

1. 01

   Sourcing & Trading

2. 02

   Refining (Manufacturing)

3. 03

   Blending

4. 04

   Storage & Distribution

5. 05

   Marketing & Bunkering

6. 06

   Distribution to over 50,000 business customers

Energy Carriers and Processes

Sites

Baar

CH

Head office (VAROPreem AG)

Cressier

CH

Manufacturing Hub / Refinery (VARO Refining Cressier SA)

Materials

Petroleum, renewable feedstocks

• Refinery
• Co-processing project (approx. 40,000 t renewable feedstocks/year)

Rotterdam

NL

Office and site of the SAF/HVO facility (with Gunvor)

Materials

HVO, SAF

• SAF and HVO facility

Hamburg

DE

Office VARO Energy Germany GmbH / Tankstorage GmbH

Stockholm

SE

Office VAROPreem Sverige AB

Gent

BE

Office VARO Energy Belgium NV / Tankstorage NV

Products

Inside the production

Processes & technical limits

7 Anlagen & Maschinen

History

1. 1996

   Preem is formed through the acquisition and merger of Texaco and OK fuel stations.

2. 2010

   Preem becomes the first company in the world to produce renewable diesel at refinery scale (co-processing) in Gothenburg.

3. 2012

   VARO Energy is founded with the acquisition of the Cressier refinery from Petroplus (JV Vitol 75% / Atlas Invest 25%).

4. 2013

   Carlyle Group acquires 50% of VARO shares; acquisitions of Petrotank and Vitol Marketing (DE).

5. 2014

   Acquisition of Marol and Gekol (DE); 45% stake in the BAYERNOIL refinery.

6. 2015

   VARO merges with Argos (NL); acquisition of Vitol Bunkering (DE).

7. 2016

   Acquisition of Fiwado (Total's bunkering business, NL).

8. 2017

   Acquisition of InterOil (NL).

9. 2020

   BAYERNOIL stake increased to 51.4%; first renewable production in Lysekil.

10. 2021

    Acquisition of E-Flux (EV charging); renewable capacity in Gothenburg expanded to 320,000 m³.

11. 2022

    Dev Sanyal becomes CEO; launch of the ONE VARO transformation.

12. 2023

    Acquisitions of Bio Energy Coevorden (80%) and Renewable Energy Services; largest solar installation in Switzerland with Groupe E/CSEM; HVO100 production in Gothenburg reaches 350,000 m³/year.

13. 2024

    Acquisition of elexon; Gunvor as 50% partner for the Rotterdam SAF/HVO facility; launch of VARO HVO100.

14. 2025

    Announcement of the Preem acquisition; inauguration of the Synsat unit in Lysekil (900,000 m³ renewable capacity); Cressier co-processing project.

15. 2026

    Completion of the Preem acquisition and creation of VAROPreem; acquisition of Sunpine; sale of Road B.V. to Hametha B.V.; 60 years of Cressier.