Shell US chemicals assets draw bidders; $8B possible
Shell is exploring the sale of its US chemicals business, with potential bids from ExxonMobil, LyondellBasell, Apollo Global Management, and Kuwait Petroleum’s chemicals arm for as much as $8 billion. The assets span four sites across Louisiana, Texas and Pennsylvania, with non-binding offers already submitted as Shell seeks to divest underperforming operations while signaling a broader retreat from low‑carbon investments.
Business · 18 sources · Aug 24, 2026Read itThe journal
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About LyondellBasell
LyondellBasell Industries N.V. is an American multinational chemical company, incorporated in the Netherlands with U.S. operations headquartered in Houston, Texas and offices in London, UK. The company is the largest licensor of polyethylene and polypropylene technologies. It also produces ethylene, propylene, polyolefins, and oxyfuels.
Everything about LyondellBasell →- Country
- Netherlands
- Headquarters
- Houston
- Inception
- 1985
- Website
- https://www.lyondellbasell.com/