Trafigura pumps $62mln into hydrogen fuel-cell technology

Trafigura is setting its sights on hydrogen as the new fuel source of the future and has earmarked $62 million for transport-centered hydrogen technology investments.

It will pump $20 million into hydrogen firm H2 Energy to develop the production, storage and distribution of green hydrogen for refueling stations and industrial customers. The remaining $42 million will be used to fund the development of a 50:50 joint venture in Zurich that will roll out hydrogen-based ecosystems in Europe. "The economics for green hydrogen use...

Published

Paul Lim

December 04, 2020

06:27 GMT

Singapore