CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Shell invests in one of Europe’s biggest biofuel facility

By Fitri Wulandari

08:49, 17 September 2021

Royal Dutch Shell headquarters at The Hague
Royal Dutch Shell headquarters - Photo: Shutterstock

Royal Dutch Shell has made a final investment decision to build an 820,000-tonnes-a-year biofuels facility at the Shell Energy and Chemicals Park Rotterdam, the Netherlands or formerly known as the Pernis refinery, to meet emission reduction target by 2050.

The Rotterdam biofuels facility is expected to start production in 2024 the company announced on 16 September. It will produce low-carbon fuels from waste, such as used cooking oil, waste animal fat and other industrial and agricultural residual products. Shell stressed that the facility will not use virgin palm oil as feedstock.

“A range of certified sustainable vegetable oils, such as rapeseed, will supplement the waste feedstocks until even more sustainable advanced feedstocks are widely available,” the company said in the press release.

Carbon capture

Once built, the facility will be among the biggest of such facilities in Europe to produce sustainable aviation fuel (SAF) and renewable diesel made from waste.

The company said the facility could produce enough renewable diesel to avoid 2.8 million tonnes of carbon dioxide emissions a year or the equivalent of taking more than one million European cars off the roads.


26,804.25 Price
-0.640% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 21:00 (UTC)
Spread 60.00


1,960.43 Price
-0.150% 1D Chg, %
Long position overnight fee -0.0185%
Short position overnight fee 0.0103%
Overnight fee time 21:00 (UTC)
Spread 0.30


14,575.40 Price
+0.070% 1D Chg, %
Long position overnight fee -0.0255%
Short position overnight fee 0.0032%
Overnight fee time 21:00 (UTC)
Spread 1.8


0.53 Price
+1.660% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 0.00401

The facility is expected to use technology to capture carbon emissions from the manufacturing process and store them in an empty gas field beneath the North Sea through the Porthos project. A final investment decision for Porthos is expected next year.

Sustainable aviation fuel

SAF could make up more than half of the 820,000-tonnes-a-year capacity, with the rest being renewable diesel. However, the fuel mix can be adjusted to meet customer demand, the company said.

SAF currently accounts for 0.1% of global aviation.

Shell has set a target of beconing a net-zero emissions energy business by 2050. It aims to reduce the production of traditional fuels by 55% by 2030.

Read more: Chevron and Gevo sign LoI on corn-to-aviation fuel investment

Rate this article

Capital Com is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as an investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risk.

Still looking for a broker you can trust?

Join the 535.000+ traders worldwide that chose to trade with

1. Create & verify your account 2. Make your first deposit 3. You’re all set. Start trading