Trafigura announced its plans to commit to green hydrogen and unveiled advancements in its efforts to establish extensive green hydrogen initiatives, including major green hydrogen projects and distribution networks in Europe.

In particular, Trafigura Group Pte has reached an agreement with the founders of H2 Energy Holding AG to increase its ownership stake in H2 Energy Europe AG and assume a majority ownership position. This strategic move aligns with the accelerating development plans for large-scale green hydrogen production projects and the establishment of mid- and downstream hydrogen supply and distribution infrastructure across Europe.

According to the company, plans to build a 1 GW green hydrogen facility in Esbjerg, Denmark are progressing, with COWI commissioned in June this year to conduct the front-end engineering design (FEED) for the production plant. A final investment decision is expected in 2024.