Shell has decided not to go ahead with two projects it was studying to produce biofuels and base oils in Singapore, a company spokesperson said on Thursday.
"We can confirm that we are stopping the exploration of two projects – a biofuels unit and a Group II base oil plant in Singapore," the company told Reuters in an emailed statement.
Shell announced in late 2021 that it was studying a 550,000 tonnes per year project at Singapore's Bukom Island to produce sustainable aviation fuel to supply major Asian hubs such as Hong Kong International Airport and Singapore's Changi. Unlike Europe and the United States, there is no mandate for airlines to use SAF in Asia, an industry source said, adding that customers were not willing to accept higher costs for the fuel.
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