Shell pauses construction of its European biofuels facility
Shell is temporarily pausing on-site construction work on its European biofuels facility to address project delivery and ensure future competitiveness given current market conditions.
The work was being undertaken by Shell subsidiary Shell Nederland Raffinaderij to build the 820,000 tonnes a year refinery at the Shell Energy and Chemicals Park Rotterdam in the Netherlands.
As a result, the company said contractor numbers will reduce on site and activity will slow down, helping to control costs and optimise project sequencing.
Shell downstream, renewables and energy solutions director Huibert Vigeveno 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.”
