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Benzinga
Benzinga
Business
Lekha Gupta

Shell Halts Rotterdam Biofuels Project After Cost Review

Shell SHEL Rotterdam Shell PLC
Shell.Oil

On Wednesday, Shell PLC (NYSE:SHEL) disclosed that its subsidiary, Shell Nederland Raffinaderij B.V., has opted to halt plans to resume construction of its biofuels facility at the Shell Energy and Chemicals Park in Rotterdam.

After a thorough commercial and technical review of the project's competitiveness, Shell has decided not to proceed with it.

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