Shell will not restart construction of Rotterdam Biofuels plant
Machteld de Haan, Shell’s Downstream, Renewables and Energy Solutions President, said: “As we evaluated market dynamics and the cost of completion, it became clear that the project would be insufficiently competitive to meet our customers’ need for affordable, low carbon products. This was a difficult decision, but the right one, as we prioritise our capital towards those projects that deliver both the needs of our customers and value for our shareholders.
“We continue to believe that low carbon molecules, including biofuels, will underpin the future energy system. Shell is at the forefront of this industry and its development as one of the world's largest traders and suppliers of biofuels, including Sustainable Aviation Fuel (SAF),” said De Haan.
