Shell to temporarily pause on-site construction of European biofuels facility
Published by Poppy Clements,
Assistant Editor
Hydrocarbon Engineering,
As a result, contractor numbers will reduce on site and activity will slow down, helping to control costs and optimise project sequencing.
“Temporarily pausing on-site construction now will allow us to assess the most commercial way forward for the project,” said Huibert Vigeveno, Shell’s Downstream, Renewables and Energy Solutions Director.
“We are committed to our target of achieving net-zero emissions by 2050, with low-carbon fuels as a key part of Shell’s strategy to help us and our customers profitably decarbonise,” added Vigeveno. “And we will continue to use shareholder capital in a measured and disciplined way, delivering more value with less emissions.”
Read the article online at: https://www.hydrocarbonengineering.com/clean-fuels/05072024/shell-to-temporarily-pause-on-site-construction-of-european-biofuels-facility/
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