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BP Halts Plans to Build Biofuels Plant in Rotterdam

Bloomberg · last updated

BP Plc is to forgo building a biofuels plant in the Netherlands as the UK energy giant continues to focus its downstream portfolio, following a strategic pivot earlier this year to return to focusing on its core oil and gas business.

The decision, confirmed by a company spokesperson on Monday, marks the second Dutch biofuels plant to not move ahead this year, after Shell Plc shelved its facility under construction in favor of shedding low-carbon businesses to boost profitability.

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