Trafigura injects more than USD 60 million in hydrogen project

With an investment of more than USD 60 million, Trafigura enters the market for hydrogen fuel cells. Together with a Swiss company, Trafigura establishes a joint venture aimed at helping ocean and shore based sectors reduce their emissions.

Photo: Denis Balibouse/REUTERS / X90072

Commodity trader Trafigura injects USD 62 million into Swiss-based firm H2 Energy Holdings, which develops hydrogen fuel cells for transport at sea and on land, says Trafigura in a press release.

H2 Energy currently works with major industry players on land and is the first in the world to deliver fuel cells for trucks.

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