Shell's £450m Biofuels Loss Overshadowed by £3.2bn Q3 Profit Forecast
Shell has suffered a significant setback with a £450million loss from abandoning a major biofuels project in Rotterdam. Despite this, the company anticipates £3.2billion in profits for the third quarter of 2025.
The biofuels project in Rotterdam was halted after a year-long pause due to technical issues. The decision to stop the project will result in a £450million hit, felt in the third quarter of 2025. Shell had expected a new company founded in the same quarter to generate substantial revenue, although specific financial details remain private.
Shell's integrated gas division trading is set to be notably higher in the third quarter of 2025 compared to the previous quarter. Despite the biofuels project's loss, the company still expects to produce around £3.2billion in profits for the quarter.
Shell's decision to axe the biofuels project in Rotterdam has resulted in a £450million loss. However, the company remains optimistic, forecasting £3.2billion in profits and a significant increase in its integrated gas division trading for the third quarter of 2025.
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