Shell expects hit of up to $1bn on stalled biofuel plant
Posted: Jul 05, 2024
- Shell facing up to $1bn hit on energy transition project in Rotterdam - Project intended to convert waste into jet fuel and biodiesel - Paused due to difficult biofuels market - Estimates cost of $600mn to $1bn - Expects non-cash impairments of $1.5bn to $2bn in Q2 - Project already behind schedule - Reviewing economics due to oversupply, cheap imports, and low demand in Europe - Full article available without paywall - Archive Buttons is a collection of archive and remove paywall websites - Users can enter the URL of an article to find a website that removes the paywall - It is legal to use these third party websites to bypass paywalls - Archive Buttons has been tested on hundreds of news websites with success - The service is free for users to access news articles without paywalls
Stay ahead of the market with AI stock alerts & AI summaries of the latest earnings, stock ideas for free with Fluid Bot. Sign up now!