In the UK, Reuters reported that BP has stopped work on its Rotterdam biofuels plant, , marking the latest in a string of abandoned biofuels projects by oil companies such as BP and Shell in the face of weak demand.
In recent months BP has halted plans to build standalone biofuels plants at its Kwinana site in Australia, paused work at plants in Lingen, Germany, and Cherry Point in the United States, leaving its Castellon site in Spain as a potential long-term option for further development, according to the report.
As recently as 2023 BP said those plants and the Rotterdam project were expected to produce a combined 50,000 bpd by 2030. None of them has made it to a final investment decision, it added.
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