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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

Extracts

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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