bp ceases plans for biofuels plant at Rotterdam port

Oil and gas giant bp has halted work on its Rotterdam biofuels plant – becoming the latest company to halt biofuel production projects following weak global demand.
The British oil and gas group, which operates one of Europe’s largest refineries in Rotterdam, said in an internal message on Monday that the project had become too expensive to continue. The plant was intended to produce 10,000 barrels of sustainable aviation fuel a day.
“BP is stopping further work on development of a standalone biofuels production facility at our Rotterdam refinery,” a spokesman told Reuters. “We are growing our co-processing capacity, maximising integrated value from our refineries, and will continue to evaluate biofuels options at our refining sites, favouring capital-light opportunities.”
Shell halted construction of a partly built biofuels plant in Pernis earlier this year, while Finnish group UPM pulled out in May.