Shell to suspend construction work at Dutch biofuels project

04 Jul 2024 CW Team

Shell will stop building at the Dutch biofuels project when the market declines. Companies seldom pause the progress of ongoing initiatives. Last week, rival BP said that it was halting two biofuel projects in Germany and the US. This year, Shell's stock has increased by more than 11%. Originally scheduled to begin production in 2025, Shell approved the building of the 820,000-tonne-per-year facility in the Netherlands in September 2021. It is currently anticipated that the project will launch online before the end of the decade. The project in its Rotterdam chemicals park was intended to generate renewable diesel from waste and sustainable aviation fuel. Joshua Stone, an analyst at UBS, stated that the suspension was in line with Shell's return-focused approach. "The postponements underscore the difficulty of breaking into the advanced biofuels sector. The oil majors have dabbled and discovered that it's difficult, "explained Stone. In addition, Shell stated that it would take the project's impairment into account. It will give further information in its quarterly trade update on Friday.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..