Shell says biofuels will provide 7-10 percent of global fuels “over the next few decades”

In the Netherlands, Shell OIl CEO Jeroen van der Veer said that biofuels will account for 7-10 percent of global fuel supply “over the next few decades”. Shell recently focused its renewable energy efforts on biofuels and scaled back investments in solar and wind, citing poor economic models. van der Veer said that Shell expects to market “commercial volumes” of next generation biofuels within the next 5-10 years. The company recently expanded an agreement with Codexis to accelerate the arrival of next-gen fuels.

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