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July 02 2024 07:14:28 — Shell pauses construction of its Rotterdam biofuels facility to manage costs and project delivery, impacting contractor numbers.

Shell will temporarily pause on-site construction of a biofuels facility in the Netherlands to address project delivery and market conditions, with a focus on cost control and project optimization.

The company aims for net-zero emissions by 2050 and is investing in low-carbon energy solutions. Forward-looking statements and non-GAAP measures are provided in the announcement.

An impairment review will follow, with updates in July.

Shell said it continues to invest in low-carbon solutions.

By Lisa Luckas

Lisa Luckas is a Sr. Business News Editor at Nobot.News.

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