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.