Clariant, a sustainability-focused specialty chemical company, announced that on Wednesday October 18, 2023, Shell formally brought a claim for damages against four companies, including Clariant, with the court of Amsterdam. The reason for the claim is alleged damages amounting up to €1 billion in relation 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. Shell was not a supplier of ethylene to Clariant and Clariant has substantiated economic evidence that the conduct of the parties did not produce any effect on the market.

For more information, visit: www.clariant.com.