“We recently initiated the sale process for our retail business in Germany and Austria,” said energy group boss Mark Lashier. “This is consistent with our plan to divest from non-core assets.”
The over 800 gas stations in Germany should also come onto the market. In Austria, JET, with its 162 gas stations, is the fifth largest gas station operator following ENI, BP, OMV and Shell. The company has not yet provided any information regarding the specific time of the sale or the selling price.
Focus on renewable fuels
The US group wants to focus on renewable fuels and establish itself as a global market leader in this area, according to the quarterly report. The gas stations in Germany and Austria did not fit into the company’s “long-term strategy.”
However, Phillips 66 is unlikely to withdraw completely from Austria. In 2022, the energy giant announced that it wanted to build a network of hydrogen filling stations in Austria, Germany and Denmark together with the Swiss company H2 Energy Europe by 2026.
The Welser Doppler Group also underwent a realignment last year. She sold her Turmöl fuel business, including gas stations, to the state-owned Polish oil company Orlen. In December 2023, Doppler finally announced that it would begin producing synthetic truck diesel from hydrogen and CO2. The group wants to become the market leader in the liquid gas business in Austria by 2025 and also expand into neighboring countries.
