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Shell Explores Sale of Chemicals Assets in U.S. and Europe

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Shell is exploring a potential sale of its chemicals assets in Europe and the U.S., according to people familiar with the matter, part of a continuing drive to refocus the company's business on its most profitable operations.
Shell is considering the sale of its chemicals assets in the United States and Europe as part of a strategic review aimed at enhancing its focus on more profitable operations. This move is part of a broader initiative by Shell to divest non-core assets, which could include its chemical plants in Louisiana and the Netherlands. The company has already started discussions with potential buyers, although no final decisions have been made. This potential divestiture comes amidst a challenging period for the chemicals industry, marked by volatile market conditions and a push towards sustainability. The sale could help Shell streamline its portfolio, reduce costs, and redirect resources towards its core energy businesses, particularly in the context of global shifts towards renewable energy and lower carbon emissions.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/other/shell-explores-sale-of-chemicals-assets-in-u-s-and-europe/ar-AA1A67Gd ]


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