Trafigura nears FID on 1GW Denmark project
Commodities group bets on mobility demand with $1bn JV project at Esbjerg on southwest coast
Commodities trader and producer Trafigura aims to reach FID on its planned 1GW green hydrogen joint venture in Denmark by the second half of 2023, according to CEO Jeremy Weir. Singapore-based Trafigura is developing the $1bn project in Esbjerg in southwest Denmark jointly with Swiss-based H2 Energy, in which Trafigura invested in 2020. The project, which will be powered by offshore wind, is designed to produce about 100,000t/yr to supply trucks and other heavy transport vehicles. “I see hydrogen as a very, very important part of mobility in the future,” Weir says in an earnings presentation. $7bn – Trafigura profits for 2022 “H2 Energy really is providing the founding stone for what
Also in this section
3 May 2024
Australia’s Fortescue and France’s EDF Renewables among the successful bidders as second-round auction draws green hydrogen projects worth about $11b
1 May 2024
High costs and uncertainty over offtake agreements are delaying project investment decisions, according to Aurora Energy Research
1 May 2024
Low clearing prices in first European Hydrogen Bank auction reflect fierce competition for green hydrogen subsidies and buyers’ willingness to pay premium
1 May 2024
Japanese company launches test module at Takasago Hydrogen Park with aim to deploy megawatt-scale demonstration project of electrolyser technology