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