Transhydrogen Alliance

VARO Energy

VARO Energy (“VARO”) is an energy company operating throughout the complete downstream fuel supply chain with refining, storage, blending, distribution, sales and marketing assets. It safely delivers high-quality products from fossil and renewable sources to its national and international business customers and end-consumers. The company owns a refinery in Cressier, Switzerland, a majority share in the Bayernoil refinery, Southern Germany, as well as storage facilities, distribution and marketing businesses in Benelux, France, Germany and Switzerland. VARO’s shareholders include Carlyle International Energy Partners, an advisory fund which is part of the global alternative asset manager The Carlyle Group; and international energy and commodities company Vitol.

About VARO

VARO is an integrated energy supply company with refining, storage, blending, distribution, sales and marketing assets and activities in North West Europe with its headquarter in Cham, Switzerland with. We bring a substantial amount of energy to inland end consumer markets with our comprehensive & important asset base.​

  • Cressier refinering Switzerland​
  • Bayernoil Refinery Germany (51,4%)​
  • 2.3 million m3 tank Storage capacity at 57 inland locations;​
  • 236 retail sites & 36 inland bunkering locations in Europe;​
  • LPG & Bitumen assets;​
  • Carbon reduction/removal portfolio.​

 Shareholders of Varo Energy: Carlyle & Vitol (2/3RD – 1/3RD). ​

Our philosophy

​We serve the demand of our customers with a broader range of renewable energy solutions, for which we will invest in our current asset base and in new renewable energy business.​

Why green Ammonia & the TransHydrogen Alliance

​VAROis passionate to be part of the energy transition. VARO has a firm believe that N-Fuel is a very promising energy product and is excited about being a partner in this consortium​

​For more information about VARO, please visit