Shell has axed the construction of its biofuels plant in the Netherlands, ending what would have been one of the biggest converters of waste into green jet fuel in Europe.
The oil company, which paused construction at the site in July last year to tackle technical problems, said it had decided not to restart building after it found the plant would be “insufficiently competitive” to meet demand for “affordable, low-carbon products”.
>> In Other News: Carbon Capture Made Scalable: Decarbontek Debuts Breakthrough Modular Adsorbent Technology
The move to scrap the project in Rotterdam marks another setback for its biofuel designs, after the company cancelled a sustainable aviation fuel (SAF) project on Singapore’s Bukom Island in March 2023.
It comes amid a wider shift away from renewable energy projects in the oil and gas sector as fossil fuel companies pursue higher profits.
In March last year Shell watered down a key emissions target, setting out a plan to reduce the carbon emissions intensity of the energy it sells by 15-20% by the end of the decade compared with its previous goal of 20%.
Shell began construction of the plant in Rotterdam in the Netherlands in 2021, initially expecting to start producing up to 820,000 tonnes of biofuels, with plans to bring it online in April 2024. This was later pushed back to 2025.
Machteld de Haan, the company’s head of downstream, renewables and energy solutions, said: “As we evaluated market dynamics and the cost of completion, it became clear that the project would be insufficiently competitive to meet our customers’ need for affordable, low-carbon products.
“This was a difficult decision, but the right one, as we prioritise our capital towards those projects that deliver both the needs of our customers and value for our shareholders.”
She added that the company continued “to believe that low-carbon molecules, including biofuels, will underpin the future energy system” and that Shell was “one of the world’s largest traders and suppliers of biofuels, including sustainable aviation fuel”.
About half of the biofuels from the plant in Rotterdam were expected to be used for SAF, made from waste cooking oil and animal fat.
Proponents of SAF believe it could be crucial for airlines to cut their carbon emissions in line with global climate targets, although critics argue it is not a realistic alternative given the limited timescale to prevent rising emissions from creating a climate disaster. The aviation industry accounts for about 3% of the world’s carbon emissions, according to the International Energy Agency.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🍁 Canada's Natural Hydrogen Bet Just Got A Lot Bigger 💰 Carbon Pricing Now Covers 63% Of Global GDP As Emissions Trading Expands 🏛️ Republicans Introduce American Energy Dominanc...
Inside This Issue ⚡ Innio and Net Zero Innovation Hub Deliver World-First 3 MW Demonstration of 100% Hydrogen Backup Power for Data Centers 🌳 Chestnut Carbon Doubles Footprint in Southeast U.S. to...
Inside This Issue 🛢️ Kansas Gets Its First CO2 Storage Well, PureField Shows How 🤝 FPH2 Expands California Renewable Hydrogen Supply Partnerships To Support Public Fleets, Data Infrastructure, And...
SunHydrogen Opens European Headquarters as Global Hydrogen Demand Accelerates
New Austrian entity deepens ties with Europe’s hydrogen ecosystem and complements the industrialization process of SunHydrogen’s development efforts in Coralville, Iowa. CORALVILLE, IA, April 28, ...
Vancouver, BC, Canada, April 27, 2026 (GLOBE NEWSWIRE) -- Global Power Solutions Corp. (TSX Venture Exchange: PWER; Frankfurt Stock Exchanges: NJA) (“Global Power” or the “Company”) announces that ...
Defining The Future Of Carbon Finance: Uniting Innovation, Integrity And Impact
LONDON & BOULDER, Colo.--(BUSINESS WIRE)--1089 Inc has been appointed as an official U.S. Sub-Registry licensee for Global Carbon Registry (GCR), marking a significant step toward institutional...
HO CHI MINH CITY, Vietnam & TORONTO--(BUSINESS WIRE)--dynaCERT Inc. (TSX: DYA) (OTCQB: DYFSF) (FRA: DMJ) ("dynaCERT" or the "Company") is advancing the expansion of its HydraGEN™ technology in ...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.