Shell Pauses Construction of Dutch Biofuels Project to Cut Costs.

Shell Plc has decided to temporarily halt the construction of a biofuels plant in the Netherlands in order to find ways to reduce costs. The facility, located in Rotterdam, is intended to process sustainable aviation fuel and renewable diesel. Shell aims to control expenses and optimize the project's sequencing by reducing activity at the site. The company will provide further guidance on the potential impact of this decision in its upcoming trading update. Despite the pause in construction, Shell remains committed to achieving net zero emissions by 2050 and using shareholder capital in a responsible manner. [Extracted from the article]