In Sweden, VARO Energy reached agreement to acquire Preem Holding AB and Preem AB through the purchase of 100% of the share capital of the parent company, Corral Petroleum Holdings AB (“CPH”), in an all-cash transaction. Subject to customary closing conditions and the receipt of regulatory approvals the transaction is expected to be completed in […]
In Switzerland, Gunvor Group will join VARO Energy in building a large-scale SAF manufacturing facility at the Gunvor Energy Rotterdam site through a proposed joint venture. Since VARO announced on September 7, 2023 its intention to build a large scale SAF facility as a sole owner with total feedstock capacity of 350 kt pa., the […]
In Norway, VARO Energy and Höegh Autoliners announced a strategic partnership aimed at advancing the decarbonization of maritime sectors. This collaboration focuses on supplying 100% advanced biofuels for deep-sea transportation from Europe, underpinning both companies’ voluntary commitments to superior sustainability standards. In line with its ONE VARO Transformation strategy, its biofuels business, is focused on […]
