Shell Says Share of Renewables in Transport Fuel Set to Double

Bloomberg Businessweek
May 11, 2010, 5:16 AM EDT

May 11 (Bloomberg) -- Royal Dutch Shell Plc, Europe’s largest oil company, expects the share of renewable energy in transport fuels worldwide to double over the next 10 years.

The portion of renewables is already approaching 10 percent because of increased ethanol use, Jose Bravo, a scientist at The Hague-based Shell, said today in a website presentation.

“We are, in my opinion, 10 years away from algae-to-fuels’ commercial implementation,” Bravo said. “These technologies will have to be competitive to flourish.”

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