BP has cancelled plans for a major biofuels facility at its Rotterdam refinery, scoring another setback for Europe’s drive to scale advanced biofuels, as reported by Reuters. The energy giant confirmed on Monday that it will not proceed with the standalone plant and will instead focus on co-processing biofuels in existing refineries, which are cheaper, lower-risk options. A spokesperson said that the project no longer met BP’s capital return thresholds, which mirror those of its upstream oil and gas operations. The Rotterdam project…
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