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The European biofuel industry suffered three major disappointments in quick succession over the past month. Chevron is furloughing workers at its biodiesel plant in Oeding, Germany. The move comes after BP scaled back plans for sustainable aviation fuel and renewable diesel in Europe and Shell halted construction on a big biofuel plant in Rotterdam, the Netherlands. Chevron idled its plant a few months ago, which industry watchers saw as a stopgap answer to low selling prices for biofuels. The firm is now telling workers to stay home starting Aug. 1. "I don't think it would be a surprise if later this year they completely pull the plug," says Bogdan Avramuta, an analyst at the consulting firm Rethink Research . Matthew Stone, managing director of the market research firm Prima Markets, says Shell's decision is the most significant, in part because the Rotterdam facility would have been one of Europe's biggest
Craig Bettenhausen (Mon,) studied this question.
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