Trafigura invests in hydrogen

Firm puts money into technology firms with view to supplying road transport market and using green ammonia as a marine fuel

Commodities trading company Trafigura has accelerated its investments in green hydrogen over the past year as part of its efforts to decarbonise its operations, according to the firm’s 2021 sustainability report. In January 2021, the firm pledged to reduce operational scope one and two greenhouse gas emissions by 30pc below 2020 levels by the end of 2023, and to invest in new technologies. As part of this effort Trafigura has pledged to invest $62mn into Switzerland-based H2 Energy to develop the production, storage and distribution of green hydrogen for refuelling stations and industrial customers. 30pc – Amount by which Trafigura has pledged to reduce operational emissions by 2024 Some $