(Reuters) – Shell considers the potential sale of its chemical assets in Europe and the United States, Wall Street Journal reported on Sunday, calling to sources with this issue.
The energy group hired Morgan Stanley for the implementation of the strategic examination of its chemical operations, the report said.
Shell refused to comment. Morgan Stanley did not immediately respond to a request for comment outside of regular working hours.
The examination was not yet made by the final decisions regarding the potential sale at an early stage, he reported the magazine, adding that one of the assets included in the review was Shell’s Deer Park in Texas.
Last year, Shell sold his center of refining and chemicals in Singapore in Singapore, one of the largest in the world.
The British company warned earlier this year that she expects trading to her chemical and oil product department to be significantly lower in the quarter because of lower seasonal demand.
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