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Shell Faces Up to $2 Billion Impairment After Biofuel Plant Pause, Singapore Refinery Sale

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Shell announced plans to take an impairment charge of up to $2 billion following the suspension of construction at its Rotterdam biofuel plant and the sale of its Singapore refinery, the company disclosed on Friday. Earlier this week, Shell revealed it would halt construction at its Rotterdam facility due to unfavorable market conditions. The biofuels

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