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Shell Reports $600 Million Loss After Biofuel Plant Cancellation

The energy company maintains strong performance in its LNG operations despite the setback in its biofuel project.

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Terms & Concepts
  • Biofuel: Fuel derived from biological sources such as plants or algae, used as an alternative to fossil fuels.
  • Liquefied Natural Gas (LNG): Natural gas that has been cooled to a liquid state for ease of storage and transport.