Shell Pauses Construction on Major Biofuels Plant in Netherlands
Decision driven by market conditions prompts review of project's commercial viability and future competitiveness.
- Shell's Rotterdam facility was set to produce 820,000 tonnes of biofuels annually, including sustainable aviation fuel.
- The pause reflects a broader trend among energy giants pivoting back to more profitable oil and gas operations.
- Shell's strategic shift has led to a rise in its share price and a reassessment of its low-carbon projects.
- The company remains committed to its net-zero emissions target by 2050, despite the temporary halt.
- An impairment review of the project will be conducted to determine the best path forward.