Shell seeks to sell its US chemical assets at a low price to attract bidders such as ExxonMobil
2026-08-24 12:20:23
According to CoinMeta, Shell ( Shell ) is seeking to sell its US chemical assets worth billions of dollars, which has attracted potential bidders including ExxonMobil and LyondellBasel. Shell's chemical plants in the United States produce a variety of chemicals widely used in the plastics, detergents, and pharmaceutical industries. These assets include a large chemical complex located in Monaca in Pennsylvania, which was put into operation in 2022, with Shell having invested $14 billion in it. People familiar with the matter revealed that ExxonMobil, LyondellBasel, the private equity group Apollo, and the chemical division of Kuwait Petroleum Corporation have all expressed interest in these assets. The total selling price of the related assets could be as high as $8 billion, which is significantly lower than Shell's investment.
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Source:Jin10 Data
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