Newsletters | Request Trial | Log in | Advertise | Digital Issue   |   Search
  • Green hydrogen
  • Blue hydrogen
  • Storage & Transportation
  • Consumption
  • Strategies & Trends
  • Finance
  • Women in Hydrogen 50
  • Podcasts
Search
Related Articles
BP exits $55b Australian green mega-project
Oil major cites strategy reset as it walks away from Australian Renewable Energy Hub, leaving partner InterContinental Energy to lead one of world’s largest green hydrogen projects
Letter from London: Equinor’s renewable reality check
Norwegian energy company slashes spending on low-carbon sectors as transition decelerates
Hydrogen Market Databook 2025: Western Europe, part 2
The UK leads Western Europe in terms of active hydrogen project market share, but developments are planned across Italy, Spain, Portugal, the Netherlands and the Nordic countries
Hydrogen Market Databook 2025: Asia
China and India are leading the region in terms of electrolyser development, while Australia accounts for nearly half of Asia’s active hydrogen projects
Australia’s green export ambitions face hurdles
Green hydrogen presents unique costs challenges as government looks to replicate country’s long-standing success as an exporter of iron ore and other natural resources
Topsoe ‘optimistic’ on its US strategy
Danish electrolyser firm stays focused on US expansion plans amid policy uncertainty in wake of Republican election victory
Denmark delays key green export link to Germany
Danish government stresses support for hydrogen pipeline project despite slippage of three or four years in commissioning timetable
Absent demand dents Norway’s blue ambitions
Equinor and Shell put Norwegian export pipeline and blue hydrogen production plans on hold as demand fails to materialise
Danish firms in ‘world first’ green ammonia project
 Topsoe, Skovgaard Energy and Vestas launch demonstration project capable of adapting to fluctuating renewable power supply
Orsted abandons flagship e-methanol project
Danish firm takes $220m hit as it halts Europe’s largest project in setback for transition to green shipping fuels
Trafigura is investing in green hydrogen
Trafigura Electrolysers Denmark Norway Australia
Stuart Penson
10 June 2022
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

Trafigura advances hydrogen projects as profits surge

Trading group progresses projects in Denmark, Norway and Australia as volatile commodity markets deliver record profits

Commodities trading group Trafigura is advancing several green hydrogen projects and investing in solar power and battery storage after booking record H1 profits on the back of higher prices and trading volumes. Trafigura’s net profit for the first half of 2022 was $2.7bn, up by 27pc against the same period last year. The company is progressing plans to deploy a 1GW electrolyser in Denmark to fuel trucks and other heavy land-based transport, says CEO Jeremy Weir. It is also developing up to 250 green hydrogen retail refuelling stations in Austria, Denmark and Germany together with Houston-headquartered Phillips 66, the owner of Jet-branded stations. In Australia, the company is progressing a

Also in this section
BP exits $55b Australian green mega-project
25 July 2025
Oil major cites strategy reset as it walks away from Australian Renewable Energy Hub, leaving partner InterContinental Energy to lead one of world’s largest green hydrogen projects
Hydrogen leakage poses growing threat to green scale-up
23 July 2025
Electrolysis seen as most leakage-prone production pathway as study warns of sharp increase through 2030 and beyond
Ammonia ambitions to help drive gas demand
22 July 2025
The gas-hungry sector is set for rapid growth, and oil majors and some of the world’s largest LNG firms are investing in ammonia production and export facilities, though much depends on regulatory support
Stellantis halts hydrogen vehicle programme
16 July 2025
Major manufacturer cancels rollout of new hydrogen-powered vans and strengthens focus on battery electric and hybrid markets

Share PDF with colleagues

Rich Text Editor, message-text
Editor toolbarsBasic Styles Bold ItalicParagraph Insert/Remove Numbered List Insert/Remove Bulleted List Decrease Indent Increase IndentLinks Link Unlinkabout About CKEditor
COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Rich Text Editor, txt-link-message
Editor toolbarsBasic Styles Bold ItalicParagraph Insert/Remove Numbered List Insert/Remove Bulleted List Decrease Indent Increase IndentLinks Link Unlinkabout About CKEditor
Send
Sign Up For Our Newsletter
Project Data
Maps
Podcasts
Social Links
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2025 The Petroleum Economist Ltd
Cookie Settings
;

Search

  • Green hydrogen
  • Blue hydrogen
  • Storage & Transportation
  • Consumption
  • Strategies & Trends
  • Finance
  • Women in Hydrogen 50
  • Podcasts
Search