Phillips 66, a US parent company, has announced that they will sell all 162 JET gas stations in Austria. This decision is part of the company’s plan to divest from non-core assets, which includes their retail business in Germany as well. JET is currently the fifth largest gas station operator in Austria and the sale of these stations will have a significant impact on the energy industry in the country.
Phillips 66 is not expected to completely withdraw from Austria as they plan to establish a network of hydrogen filling stations in collaboration with H2 Energy Europe by 2026. The company aims to focus on renewable fuels and become a global market leader in this area, which is why they have decided to move away from their gas station operations in Germany and Austria.
Meanwhile, the Welser Doppler Group has undergone a realignment by selling their Turmöl fuel business to the state-owned Polish oil company Orlen. The group also announced plans to produce synthetic truck diesel from hydrogen and CO₂, aiming to become the market leader in the liquid gas business in Austria by 2025 and expand into neighboring countries.
The energy industry in Austria is undergoing significant changes with the shift towards renewable fuels and the sale of traditional gas station businesses like JET. This transition reflects a global trend towards sustainability and innovation in the energy sector, as companies look for new ways to meet consumer demand while reducing their environmental impact.
