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Trafigura invests in green hydrogen

Trafigura invests in green hydrogen

Trafigura will invest in H2 Energy Holding to support the development of the production, storage and distribution of green hydrogen for refuelling stations and industrial customers.

Supporting a green movement, the Singapore-based company today (2nd Dec) said it will invest an initial $62m, with $20m as capital injection into H2 Energy Holding.

The remaining part of the investment will be provided to seed and fund the development of a 50:50 joint venture based in Zurich that will roll out green hydrogen-based ecosystems and to invest in hydrogen infrastructure and hydrogen application-related projects across Europe, excluding Switzerland.

Commenting on the investment, Jeremy Weir, Executive Chairman and CEO of Trafigura, said, ““Our investment has enormous potential at a time when the economics for green hydrogen use by heavy duty transport is becoming competitive with traditional fuels.”

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