Trafigura sets 3GW green hydrogen target

Trader seeks more exposure to production projects as it nears FID on 1GW Danish facility

Commodities trader Trafigura has set itself a new target to invest in green hydrogen projects with a total capacity of 3GW by the end of its 2030 financial year, according to its latest sustainability report. The new target signals a significant ramp-up in investment in the near term by the Singapore-based company. Its main hydrogen project to date is a 1GW facility under development at Esbjerg in southwest Denmark together with H2 Energy, a Swiss-based firm in which Trafigura has invested more than $62mn. “We continue to expand our investments in renewable technologies and in clean energy sectors such as green hydrogen and ammonia, with a target of investing in renewable hydrogen projects w