Shell Plans Dutch Biofuels Plant in Retreat From Refining Crude
- Oil major to build 820,000-ton-a-year facility in Rotterdam
- Plant will produce sustainable aviation fuel, renewable diesel
Photographer: Andrey Rudakov/Bloomberg
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Royal Dutch Shell Plc signed off on plans for a large biofuels plant in the Netherlands, stepping up investment in cleaner energy as it retreats from refining crude oil.
The Anglo-Dutch major will build an 820,000-ton-a-year facility at its energy and chemicals park in Rotterdam, it said Thursday, without disclosing the cost of the project. Shell is shrinking its portfolio of traditional refineries in favor of lower-carbon fuels as consumers and investors demand greater action on climate change.