By Michael Susin


Shell said it will pause construction work at its biofuels facility in Rotterdam, Netherlands due to current market conditions.

The British energy major said its Dutch subsidiary will conduct a review of the Shell Energy and Chemicals Park project, and that further details will be included in its second-quarter update due to be published Friday.

The company said Tuesday that the pause will reduce the number of contractors on site and activity will slow, helping to control costs.

"Temporarily pausing on-site construction now will allow us to assess the most commercial way forward for the project," Shell downstream, renewables and energy solutions director Huibert Vigeveno said.


Write to Michael Susin at michael.susin@wsj.com


(END) Dow Jones Newswires

07-02-24 0350ET