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Shell reins back its biofuels expectations

Financial Times

By Ed Crooks

Published: November 29 2009 19:49 | Last updated: November 29 2009 19:49


Advanced biofuels will not be in widespread use until about 2020, the chief executive of Royal Dutch Shell has said, puncturing hopes that they could be on the verge of a commercial breakthrough.

Peter Voser, who took over at the head of Shell in July, told reporters at a briefing last week that it would take “quite a number of years” before there is a commercially proven plant.

Mr Voser is now managing expectations by warning it is likely to be a decade before that second generation ethanol is in widespread commercial use.

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