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 Transport

10 Jul 2026

Uttar Pradesh unveils infrastructure-led growth roadmap at RAHSTA

Mumbai, 9 July 2026: Uttar Pradesh’s ambitious infrastructure-led growth strategy took centre stage on Day 2 of the 16th RAHSTA Expo, where senior government officials outlined how expressways, industrial corridors and technology-driven governance are transforming the state into one of India's most attractive investment destinations.Delivering the keynote address, Srihari Pratap Shahi, IAS, Additional Chief Executive Officer, Uttar Pradesh Expressways Industrial Development Authority (UPEIDA), highlighted the state's long-term vision of integrating world-class expressways with industrial dev..

NCW closes PRIME Offices Fund at Rs 40 billion

Nuvama and Cushman & Wakefield Management (NCW) has announced the final close of its flagship PRIME Offices Fund at approximately Rs 40 billion, exceeding its original target of Rs 30 billion following strong investor demand.The fund was launched to provide Indian investors with access to institutional-grade commercial office assets across key office markets in the country. According to NCW, the increase in the fund size was supported by strong investor participation and the availability of investment opportunities in India's office sector.The fund has already committed around 45 per cent ..

Mayfair Housing adopts Autodesk Forma for digital project planning

Mayfair Housing has entered into a three-year strategic partnership with Autodesk to deploy Autodesk Forma, an AI-enabled cloud platform, as part of its digital transformation programme aimed at improving project planning and execution across its development and redevelopment portfolio.The platform will be integrated into the company's Building Information Modelling (BIM) workflow to support architects, planners and project teams during the early stages of design and development. Autodesk Forma combines real-world data, environmental simulations and collaborative workflows to facilitate data-d..