Shell Halts Rotterdam Biofuels Project After Cost Review

On Wednesday, Shell PLC (NYSE:SHEL) disclosed that its subsidiary, Shell Nederland Raffinaderij B.V., has opted to halt plans to resume construction of its biofuels facility at the Shell Energy and Chemicals Park in Rotterdam.

After a thorough commercial and technical review of the project's competitiveness, Shell has decided not to proceed with it.

In July, Shell had temporarily suspended on-site construction at its 820,000 tonnes per year biofuels facility in Shell Energy and Chemicals Park Rotterdam, Netherlands.

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Machteld de Haan, Shell's president of Downstream, Renewables, and Energy Solutions, stated, "As ...