Clean fuels require subsidies and mandates to survive in free market, Trafigura CEO says
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Trafigura CEO Richard Holtum stated at the World Economic Forum that clean fuels need subsidies and mandates to compete with conventional fuels due to higher costs. He emphasized that consumers would need to pay significantly more for these fuels. Trafigura also announced a six-year agreement to purchase sustainable aviation fuel from Syzygy Plasmonics, with deliveries expected in 2028. Holtum highlighted the importance of immediate carbon reduction through coal-to-gas switching over long-term projects and suggested that excess renewable energy should be directed to electricity grids.
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