Shell to temporarily pause on-site construction of European biofuels facility.
Shell Nederland Raffinaderij B.V., a subsidiary of Shell plc, is to temporarily pause on-site construction work at its 820,000 tonnes a year biofuels facility at the Shell Energy and Chemicals Park Rotterdam in the Netherlands to address project delivery and ensure future competitiveness given current market conditions.
As a result, contractor numbers will reduce on site and activity will slow down, helping to control costs and optimise project sequencing.
Huibert Vigeveno, Shell’s Downstream, Renewables and Energy Solutions Director, said:
Temporarily pausing on-site construction now will allow us to assess the most commercial way forward for the project.
“We are committed to our target of achieving net-zero emissions by 2050, with low-carbon fuels as a key part of Shell’s strategy to help us and our customers profitably decarbonise,”
“And we will continue to use shareholder capital in a measured and disciplined way, delivering more value with less emissions.”
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Shell to temporarily pause on-site construction of European biofuels facility. source
