Croatia's Janaf to diversify into renewables

Green Energy

maradon 333/

Croatian oil pipeline operator Jadranski Naftovod, known as Janaf, said on Friday that it will diversify into renewables as part of its goal to develop new sources of financing, sustainability, and profitability in the long term, news portal SeeNews reported.

The company's management and supervisory boards adopted a business and development strategy until 2030 with a vision to 2050, under which it aims to diversify into low-carbon activities, the company said in a filing to the Zagreb bourse.

Some main strategic initiatives have been defined to enable Janaf's adjustment to current market trends, it added. These initiatives are related to the company's entry in renewable energy market, investments in new technologies, and improvement of the company's annual revenue, the statement said without citing figures.

Majority state-owned Janaf operates terminals for crude oil and oil products located on the island of Krk, as well as in Sisak, Virje, Slavonski Brod and Zitnjak. 


EBRD Sees Hungary GDP Growth Slowing to 1.5% in 2023 Analysis

EBRD Sees Hungary GDP Growth Slowing to 1.5% in 2023

Horthy Statue to be Unveiled in Parliament Parliament

Horthy Statue to be Unveiled in Parliament

UPS Appoints Regional Director Appointments

UPS Appoints Regional Director

Completion of Metro Line M3 Renovation Delayed City

Completion of Metro Line M3 Renovation Delayed


Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.