Varo Energy, a leading refinery operator backed by Carlyle Group and Vitol, is exploring a range of energy sources to achieve its ambitious climate goals. The company operates Switzerland’s only oil refinery and supplies a significant portion of the country’s petroleum needs. However, Varo Energy is not content to rely solely on fossil fuels and is investing in projects to decarbonize its production processes and reduce CO2 emissions.
One such project is the implementation of a powerful ground-mounted solar system to supply a large portion of their electricity needs. In addition, the company is looking to expand its renewable energy projects, including building a hydrogen plant in Germany and exploring options for green hydrogen production in other European countries.
Varo Energy is committed to making investments in sustainable fuel production, biofuels, and other technologies that support decarbonization efforts. As the company looks to the future, it is focusing on two main business engines: traditional fossil fuel operations and investments in alternative energy sources. The company is pragmatic in its approach, focusing on areas like e-mobility, hydrogen production, and sustainable aviation fuel.
Safety remains a top priority for Varo Energy, whether it’s in their production platform, refinery or office buildings. The company is working to adapt its operations to meet customer needs and navigate the complexities of the energy transition while keeping safety as an utmost concern.
