Shell Discards Biofuels Project in Rotterdam Amid Market Headwinds
Key Takeaways Shell halted construction of its Rotterdam biofuels plant in 2024.Market conditions and high costs made the project uncompetitive.The move aligns with Shell's shift toward traditional fossil fuels.Shell plc (SHEL) , a British energy giant, announced that it does not intend to restart the construction and development of a biofuels plant at the Shell Energy and Chemicals Park in Rotterdam, Netherlands. The construction of this plant was approved in 2021, with operations initially expected to beg ...