Shell has confirmed that it will not resume construction of the planned biofuels plant at the Energy and Chemicals Park in Rotterdam, whose development had begun in 2022. The decision follows a technical and commercial review which concluded that the project lacked the necessary competitiveness to meet the demand for low-carbon fuels at affordable prices. at affordable prices.
Reasons for abandoning the biofuels plant
According to the company, the cost of completion and the evolution of the market made it evident that the plant would not offer the expected value. Shell said it prefers to concentrate capital on initiatives with greater projection, both for its customers and its shareholders. This strategic shift reflects the need to prioritize projects that balance profitability and decarbonization.
[post_relacionado]While ruling out construction in Rotterdam, Shell maintains its commitment to biofuels biofuels as a key part of the energy transition. In 2024, the company marketed more than 10 billion liters of low-carbon fuels, among them the sustainable aviation fuel (SAF) (SAF), making it one of the world’s leading suppliers of this product. The company also promotes renewable hydrogen and carbon capture and storage (CCS) projects in Europe.
Presence in the Netherlands
The Netherlands continues to be a strategic location for Shell. The company has invested in the CO₂ storage project. Porthosstorage project, in the development of the Holland Hydrogen 1 electrolyzer and in the upgrading of chemical facilities in Moerdijk. in Moerdijk. These actions reinforce the multinational’s commitment to the decarbonization of the Dutch energy system.
On an international scale, Shell expands its portfolio with initiatives in biogas, bioethanol and waste recycling. waste recycling. In Brazil, it operates together with Raízen to produce bioethanol, while in Asia it acquired EcoOils to use waste to generate certified raw materials. The company also manages 14 biogas plants in Europe and 3 in the United States, consolidating its position as a supplier of alternative fuels.
Source and photo: Shell