Trafigura doubled its profits in 2022
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
25 February 2026
Low-carbon hydrogen and ammonia development is advancing much more slowly and unevenly than once expected, with high costs and policy uncertainty thinning investment. Meanwhile, surging energy demand is reinforcing the role of natural gas and LNG as the backbone of the global energy system, panellists at LNG2026 said
18 February 2026
Norwegian energy company has dropped a major hydrogen project and paused its CCS expansion plans as demand fails to materialise
4 February 2026
Europe’s largest electrolyser manufacturers are losing patience with policymakers as sluggish growth in the green hydrogen sector undermines their decision to expand production capacity
2 February 2026
As a fertiliser feedstock, it is indispensable, but ammonia’s potential as a carbon-free energy carrier is also making it central to global decarbonisation strategies
