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Shell seeks buyers for U.S. chemicals unit valued up to $8 billion

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Sig3.25Sen+1.90Env-0.90Soc0.00Gov+0.60

Shell is seeking buyers for its U.S. chemicals business, with the assets potentially valued at up to $8 billion. Non-binding indicative offers cover a full-unit purchase or selected acquisitions across major sites in Louisiana, Texas, and Pennsylvania, including the Monaca polymer facility. The move follows a strong quarter, boosted by higher oil and gas prices and record refinery throughput.

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