Shell pauses construction at one of Europe’s biggest biofuels plants
Shell has paused construction at one of its biggest energy transition projects, a huge plant in Rotterdam that was intended to convert waste into jet fuel and biodiesel.
The plant, which was given the green light in 2021, was already behind schedule because of technical difficulties. Originally slated to start production in April, Shell said earlier this year it would be operational “in the latter part of the decade”.
On Tuesday, Shell said it needed to “temporarily pause” work “to address project delivery and ensure future competitiveness given current market conditions”. The company declined to comment on how long the delay would be.
a lot of money to push a few hydrogen atoms onto grease.
Likely inflation is killing the economics of these schemo-dreamo greentard projects.
To me this is EXCELLENT news!!
No, the Lebanese Canadian CEO of Shell has stated publicly that all projects have to have an ROI that supports stock price growth. He also threatened to take the company to the NY stock exchange to get a better valuation than he is getting in London.
The sensible “far right” has finally formed the Netherlands government, so a lot of that commie ‘green’ silliness can now go away.
If it’s anything like the US- there is already a used oil/biodiesel mafia.
I knew a guy who made biodiesel for a few years in early 2000’s when fuel shot way up. He gave up once all the cheap/free grease started getting snatched up by shady operators.
Exactly like that old Simpsons episode.
Shell, waiting to see how the USA election turns out!
There is no ‘energy transition.’ There is only subsidized nonsense.
I don’t know about the big picture but Fred Eaglesmith’s tour bus ran on that stuff and Fred is Guuuureat!
Thomas isa Fredhead
RIP Washboard Hank