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
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
11 November 2024
Presidency wants declaration from the talks to include specific measures on enabling hydrogen markets
11 November 2024
Midstream project linking the two regions is gaining momentum after string of MoUs and political backing
8 November 2024
The energy sector will need all viable technologies to meet surging demand as AI and datacentres drain power grids
