Shell is marketing underperforming US chemical assets, including the large
Monaca, Pennsylvania complex, and has drawn interest from ExxonMobil,
LyondellBasell, Apollo and Kuwait Petroleum’s chemicals unit, the FT reports.
The Monaca plant, commissioned in 2022, was built with about $14bn of capital;
the assets could fetch up to $8bn — substantially below Shell’s investment.
facilities produce feedstocks and intermediates for plastics, detergents and
pharmaceuticals.
