Clariant rejects the allegations of Shell against four companies related to the 2020 competition law infringement.
The specialty chemicals manufacturer Clariant has announced that Shell formally brought a claim for damages against four companies, including Clariant, with the court of Amsterdam. The reason for the claim regards alleged damages with an amount of EUR 1 billion related to infringements of competition law on the ethylene purchasing market, which was sanctioned by the European Commission in July 2020.
Clariant firmly rejects the allegation and will adamantly defend its position in the proceedings. According to the company, Shell was not a supplier of ethylene to Clariant and the latter claims to possess substantiated economic evidence that the conduct of the parties did not produce any effect on the market.