08:07 AM EDT, 09/03/2025 (MT Newswires) -- Shell (SHEL) said Wednesday its subsidiary Shell Nederland Raffinaderij has chosen not to proceed with its planned biofuels facility at the Shell Energy and Chemicals Park in Rotterdam, Netherlands, after an in-depth competitiveness reassessment.

Shell halted construction work on the project in July 2024 to reevaluate the project's competitiveness, according to an earlier statement.

"As we evaluated market dynamics and the cost of completion, it became clear that the project would be insufficiently competitive to meet our customers' need for affordable, low carbon products," Machteld de Haan, Shell's head of downstream, renewables and energy solutions, said.