VARO Energy
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VARO Energy
VARO Energy (VARO) is a leading-integrated energy company headquartered in Zug, Switzerland. It operates in integrated energy value chains (including manufacturing, storage and distribution, marketing and trading), with businesses in conventional energies and growing sustainable energies businesses anchored on five strategic growth pillars including advanced biofuels, green hydrogen, biomethane & bio-LNG, nature-based carbon removals and e-mobility. The company is focused on providing energy solutions to customers to meet their needs for both energy security and the energy transition throughout North West Europe with a focus in the Benelux countries, Germany, France and Switzerland. VARO Energy’s shareholders include the global Investment firm, Carlyle and the global energy and commodities company, Vitol. The company CEO is Dev Sanyal. In July 2022, VARO Energy announced the ONE VARO Transformation Strategy to treble earnings and generate half of its earnings from the five st ...
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Privately Held Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ...
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Biofuel
Biofuel is a fuel that is produced over a short time span from biomass, rather than by the very slow natural processes involved in the formation of fossil fuels, such as oil. According to the United States Energy Information Administration (EIA), biofuels are mostly used for transportation, but can also be used for heating and electricity. Biofuel can be produced from plants or from agricultural, domestic or industrial biowaste. The greenhouse gas mitigation potential of biofuel varies considerably, from emission levels comparable to fossil fuels in some scenarios to negative emissions in others. See the biomass article for more on this particular subject. The two most common types of biofuel are bioethanol and biodiesel. The U.S. is the largest producer of bioethanol, while the EU is the largest producer of biodiesel. The energy content in the global production of bioethanol and biodiesel is 2.2 and 1.8 EJ per year, respectively. * Bioethanol is an alcohol made by fermen ...
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Hydrogen
Hydrogen is the chemical element with the symbol H and atomic number 1. Hydrogen is the lightest element. At standard conditions hydrogen is a gas of diatomic molecules having the formula . It is colorless, odorless, tasteless, non-toxic, and highly combustible. Hydrogen is the most abundant chemical substance in the universe, constituting roughly 75% of all normal matter.However, most of the universe's mass is not in the form of baryons or chemical elements. See dark matter and dark energy. Stars such as the Sun are mainly composed of hydrogen in the plasma state. Most of the hydrogen on Earth exists in molecular forms such as water and organic compounds. For the most common isotope of hydrogen (symbol 1H) each atom has one proton, one electron, and no neutrons. In the early universe, the formation of protons, the nuclei of hydrogen, occurred during the first second after the Big Bang. The emergence of neutral hydrogen atoms throughout the universe occurred about 370,000 ...
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Biomethane
Renewable natural gas (RNG), also known as sustainable natural gas (SNG) or biomethane, is a biogas which has been upgraded to a quality similar to fossil natural gas and having a methane concentration of 90% or greater. By increasing the concentration of methane to a similar level as natural gas, it becomes possible to distribute the gas to customers via the existing gas grid and use in existing appliances. Renewable natural gas is a subset of synthetic natural gas or substitute natural gas (SNG). Multiple ways of methanising carbon dioxide/monoxide and hydrogen exist, including biomethanation, the Sabatier process and a new electrochemical process pioneered in the United States currently undergoing trials. Advantages Renewable natural gas can be produced and distributed via the existing gas grid, making it an attractive means of supplying existing premises with renewable heat and renewable gas energy, while requiring no extra capital outlay of the customer. The existing gas net ...
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E-mobility
An electric vehicle (EV) is a vehicle that uses one or more electric motors for propulsion. It can be powered by a collector system, with electricity from extravehicular sources, or it can be powered autonomously by a battery (sometimes charged by solar panels, or by converting fuel to electricity using fuel cells or a generator). EVs include, but are not limited to, road and rail vehicles, surface and underwater vessels, electric aircraft and electric spacecraft. For road vehicles, together with other emerging automotive technologies such as autonomous driving, connected vehicles and shared mobility, EVs form a future mobility vision called Connected, Autonomous, Shared and Electric (CASE) Mobility. EVs first came into existence in the late 19th century, when electricity was among the preferred methods for motor vehicle propulsion, providing a level of comfort and ease of operation that could not be achieved by the gasoline cars of the time. Internal combustion engines ...
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Switzerland
). Swiss law does not designate a ''capital'' as such, but the federal parliament and government are installed in Bern, while other federal institutions, such as the federal courts, are in other cities (Bellinzona, Lausanne, Luzern, Neuchâtel, St. Gallen a.o.). , coordinates = , largest_city = Zürich , official_languages = , englishmotto = "One for all, all for one" , religion_year = 2020 , religion_ref = , religion = , demonym = , german: Schweizer/Schweizerin, french: Suisse/Suissesse, it, svizzero/svizzera or , rm, Svizzer/Svizra , government_type = Federalism, Federal assembly-independent Directorial system, directorial republic with elements of a direct democracy , leader_title1 = Federal Council (Switzerland), Federal Council , leader_name1 = , leader_title2 = , leader_name2 = Walter Thurnherr , legislature = Fe ...
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Dev Sanyal
Dev Sanyal (born 4 September 1965) is the Chief Executive Officer of VARO Energy, a diversified energy company headquartered in Zug, Switzerland (since 1 January 2022). Prior to this, Dev had a 32-year global career with BP plc. Early life and education Dev Sanyal was born in New Delhi, India and grew up in Darjeeling according to Bloomberg. His father, K.S.B. Sanyal, was the Chairman of the Andrew Yule Group. Dev Sanyal studied at St. Paul’s School, Darjeeling and St. Stephen’s College, Delhi. He graduated from The Fletcher School of Law and Diplomacy at Tufts University with a Master’s degree in Politics and Economics. Dev Sanyal is currently a member of the Board of Overseers of the school. Career Dev Sanyal serves as the Chief Executive Officer of VARO Energy Group. Until 31 December 2021, Dev had a 32-year career with BP plc including over a decade on the group executive committee. He headed gas and low carbon energy globally. Prior to this, he was chief ex ...
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Petroplus
Petroplus Holdings AG was Europe's largest independent oil refiner by capacity. When the now defunct company was first formed in 1993, it was known as Petroplus International N.V., and was based in the Netherlands. In August 1998, it was listed on the Amsterdam Stock Exchange. In April 2005, it was delisted from the Euronext Amsterdam stock exchange when the company was acquired by a holding company. In November 2006, the company went public on the Swiss Stock Exchange. Acquisitions In 1997, it acquired the Antwerp N.V. Refinery from the Daewoo Group. In May 2000, it bought the Cressier Refinery, in Cressier, Switzerland from Shell Switzerland. In December 2000, it bought the Teesside Refinery in Port Clarence from Phillips Petroleum Company. In May 2006, it bought the BRC Antwerp Refinery for $511m from Sovereign Holding Ltd (Bermuda). In March 2007, it bought the Ingolstadt Refinery from ExxonMobil for $425m. In June 2007, it bought the Coryton Refinery near ...
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Benelux
The Benelux Union ( nl, Benelux Unie; french: Union Benelux; lb, Benelux-Unioun), also known as simply Benelux, is a politico-economic union and formal international intergovernmental cooperation of three neighboring states in western Europe: Belgium, the Netherlands, and Luxembourg. The name is a portmanteau formed from joining the first few letters of each country's name and was first used to name the customs agreement that initiated the union (signed in 1944). It is now used more generally to refer to the geographic, economic, and cultural grouping of the three countries. The Benelux is an economically dynamic and densely populated region, with 5.6% of the European population (29.55 million residents) and 7.9% of the joint EU GDP (€36,000/resident) on no more than 1.7% of the whole surface of the EU. Currently 37% of the total number of EU frontier workers work in the Benelux and surrounding areas. 35,000 Belgian citizens work in Luxembourg, while 37,000 Belgian citizens c ...
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Bruges
Bruges ( , nl, Brugge ) is the capital and largest City status in Belgium, city of the Provinces of Belgium, province of West Flanders in the Flemish Region of Belgium, in the northwest of the country, and the sixth-largest city of the country by population. The area of the whole city amounts to more than 13,840 hectares (138.4 km2; 53.44 sq miles), including 1,075 hectares off the coast, at Zeebrugge (from , meaning 'Bruges by the Sea'). The historic city centre is a prominent World Heritage Site of UNESCO. It is oval in shape and about 430 hectares in size. The city's total population is 117,073 (1 January 2008),Statistics Belgium; ''Population de droit par commune au 1 janvier 2008'' (excel-file)
Population of all municipalities in Belgium, as of 1 ...
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Belgium
Belgium, ; french: Belgique ; german: Belgien officially the Kingdom of Belgium, is a country in Northwestern Europe. The country is bordered by the Netherlands to the north, Germany to the east, Luxembourg to the southeast, France to the southwest, and the North Sea to the northwest. It covers an area of and has a population of more than 11.5 million, making it the 22nd most densely populated country in the world and the 6th most densely populated country in Europe, with a density of . Belgium is part of an area known as the Low Countries, historically a somewhat larger region than the Benelux group of states, as it also included parts of northern France. The capital and largest city is Brussels; other major cities are Antwerp, Ghent, Charleroi, Liège, Bruges, Namur, and Leuven. Belgium is a sovereign state and a federal constitutional monarchy with a parliamentary system. Its institutional organization is complex and is structured on both regional ...
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