ExxonMobil Chemical and Shell Chemicals, as part of a study to review strategic options for their Infineum additives joint venture, have agreed to evaluate market interest and will be discussing Infineum's sale with several potential buyers.
Shell stated that this study is part of an ongoing strategic assessment of the business and opportunities for growth, restructuring, or divestment depending upon fit with Infineum’s overall strategic business objectives.
The company said that, during the review process, the shareholders will remain committed to supporting Infineum’s strategic and operational goals and its ongoing financial progress.