What Asian Biofuel Backtrack Means for Shell

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  • Shell’s move to scrap a biofuels project in Singapore due to inadequate demand and returns raises questions over planned Eni and BP biorefineries in the Asia-Pacific.
  • The future of the Bukom refinery in Shell’s portfolio could also be in doubt, although its integration with the nearby Jurong petchems plant strengthens its appeal.
  • A divestment of Bukom, Shell's sole refinery in Asia, can't be ruled out, although finding a buyer may prove challenging.

The Issue

Biofuels (incl. SAF), Corporate Strategy , Refining, Capital Spending, Majors, CO2 Emissions
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