Phillips 66, a US parent company, has announced the sale of all 162 JET gas stations in Austria as part of their plan to divest from non-core assets. This decision includes the retail business in Germany as well. JET is currently the fifth largest gas station operator in Austria, following ENI, BP, OMV and Shell. The company has not released information about the specific timing or selling price of the sale.
Phillips 66 aims to focus on renewable fuels and become a global market leader in this area by moving away from their gas station operations in Germany and Austria. However, they are 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 Welser Doppler Group has also undergone a realignment by selling their Turmöl fuel business to the state-owned Polish oil company Orlen. The group announced plans to produce synthetic truck diesel from hydrogen and CO₂ and aims to become the market leader in the liquid gas business in Austria by 2025 and expand into neighboring countries.
These changes reflect a global trend towards sustainability and innovation in the energy sector as countries shift towards renewable fuels and move away from traditional energy sources like fossil fuels.