BP is Halting The Construction of a Sustainable Aviation Fuel Plant in Rotterdam, Accordance to a Company Spokesperson. This is Yet Another Setback for the Rotterdam Port Area.
A Spokesperson Announced on Monday that the construction in Rotterdam would no longer process. BP had Already Announced in February of this year that its focus would Shift More Towards Profitable activities in Oil and Gas.
Earlier This Month, Shell also announced that the construction of a biofuel plant in Pernis is being canceled. Accordance to the Municipality of Rotterdam, “The Drain of Investments and Companies” in the Rotterdam Port is continuing at an “Increasingly Worrying Pace.”
For example, a plan by bp for a green hydrogen plant in Rotterdam had previously fallen through. Mitsubishi gas chemical also announced last week that it would stop the construction of a plant, while ExxonMobil is suspension investments in a plastic recycling project.
Earlier This Year, Gunvor, Tronox, Lyondellbasell, Westlake, and Indorama also Shut Down Their Production. The Municipality of Rotterdam Speaks of An “Increasingly Worrying Trend,” With Investments Declining in The Rotterdam Port. Alderman for the Port of Rotterdam, Robert Simons, and Deputy Arne Weverling of the Province of South Holland Are Calling on the Cabinet and the House of Representatives to Intervene Quickly.
Accordance to Weverling, The Netherlands is Losing Out in Europe in Terms of Investment Climate. “High Electricity Costs, Network Congestion, and Complex Regulations Are Making It Increasingly Difficult for Companions to Invest here Profitable and Sustainable. Meanwhile, They are opting and Masse for Countries Is Cooperive. Better and the National Governive.”