The energy concern Shell has paused the construction of a biofuel plant in Rotterdam, the Netherlands, in an attempt to curb the costs of the project.
According to the company, what will be the most business-like choice going forward for the project is now being evaluated.
The plant, according to plans, will be able to process 820,000 tons of aviation fuel and diesel per year when it is completed.
It is unclear whether Shell will take a write-down of the value of the assets as a result of the decision.
According to the company management, the goal of achieving zero net emissions by 2050 remains.
Competitor BP paused two biofuel projects in Germany and the USA last week.
