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Exxon and LyondellBasell consider bids for Shell US chemicals assets

LyondellBasell logoLyondellBasell
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Shell logoShell
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Exxon Mobil logoExxon Mobil
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Exxon Mobil and LyondellBasell are among potential bidders for Shell’s US chemicals portfolio, which could sell for up to $8 billion. Private equity and the Kuwait Group also expressed interest as Shell weighs options. Non-binding proposals were submitted, covering four facilities in Louisiana, Texas and Pennsylvania, including the Monaca complex producing up to 1.6 million tonnes of polymers a year.

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