Royal Dutch Shell plc (RDS-B, RDSB.L, RDSA.L,RDS-A) announced a final investment decision to build an 820,000-tonnes-a-year biofuels facility at the Shell Energy and Chemicals Park Rotterdam, the Netherlands. A facility of this size could produce enough renewable diesel to avoid 2,800,000 tonnes of carbon dioxide emissions a year, Shell said. The company noted that a final investment decision for Porthos is anticipated next year.
The Rotterdam biofuels facility is projected to start production in 2024. The facility will produce low-carbon fuels such as renewable diesel from waste in the form of used cooking oil, waste animal fat and other industrial and agricultural residual products, using advanced technology developed by Shell.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.