Company Watch

Trafigura's green fuel push helps Singapore's sustainability efforts

Trafigura launched a carbon trading desk in April to buy and sell pollution permits in a market that could become bigger than crude as global leaders seek to limit the impact of climate change.PHOTO: REUTERS

SINGAPORE - Singapore-based Trafigura Group - one of the world's top commodity traders - is speeding up its push into clean fuels and renewable energy.

Trafigura signed an agreement with Norway's fertiliser firm Yara in June to develop the use of ammonia as a carbon-free shipping fuel.

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