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.
n 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.
In South Wales, H2 Energy Europe has recently submitted a formal planning application to construct a 20 MW green hydrogen production facility within the port of Milford Haven in South Wales, with local company InSite Technical Services Ltd currently undertaking the FEED study.
The project has reached the final negotiation stage for funding under the UK government’s Hydrogen Business Model and Net Zero Hydrogen Fund: Electrolytic Allocation Round 2022, with final projects expected to be announced this year.
Subject to government support, the facility should be commissioned within two years, using domestic renewable energy to produce green hydrogen for shipping and road transport, as a chemical feedstock and to provide power for industrial use across the South Wales Industrial Cluster.
As we move forward, our primary objective is to fortify our green hydrogen eco-system, focusing on infrastructural engineering projects, the development of fuel cell applications, and the development and commercialization of key hydrogen equipment.
… said Rolf Huber, Founder of H2 Energy
In an exclusive interview to SAFETY4SEA, Mr. Andrea Olivi, Global Head of Wet Freight for Trafigura, had commented that the US has taken a big step forward with the Inflation Reduction Act and the tax credits on offer to developers of clean hydrogen projects that can ultimately be used to produce zero carbon shipping fuels. He had also pointed out the need to see more initiatives like this in Europe.
Today’s announcement allows H2 Energy Europe to focus on developing large-scale green hydrogen projects and distribution networks across Europe, while H2 Energy Holding AG will focus on its core business and technology development. Trafigura and H2 Energy Holding AG will continue to co-operate closely and benefit from each partner’s respective expertise.
… commented Julien Rolland, Head of Strategic Projects and Investments for Trafigura