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...One option includes turning it into a cash-shell company that pursues acquisitions in new industries, the 63-year-old billionaire told the Financial Times in a rare interview....
KKR-owned Upfield to roll out plastic-free containers
...Shell appealed against the ruling this month....
...Part of the problem involves its chemicals unit. Shell thinks that its chemicals margin, a measure of profitability, will go up in the final quarter from the last period....
...News round-up Exxon chief earns four times as much as bosses at Shell and BP (FT) BlackRock loses appeal over UK tax on $13.5bn BGI deal (FT) More US regulators join Morgan Stanley wealth management probe...
...In a worrying sign for the global economy, Shell’s chemicals and products division, which produces refined fuels, reported adjusted earnings of just $83mn because of lower refining margins, lower demand...
...Some are active businesses, but some sit dormant as mere shell entities doing no business whatsoever....
...“This is another important milestone,” said Machteld de Haan, executive vice-president for chemicals and products at Shell....
...What’s more, “polyester doesn’t take on chemicals and dyes as readily as natural fibres”, reports George Harding-Rolls of Eco-Age. “So you need to use more chemicals to achieve the same effect.”...
...Demand for ammunition has soared with Ukraine consuming shells at high rates in its war against Russia....
...There has also been a shortage of propellant, which takes several months to make, and of its precursor chemicals....
...Even when Peltz loses a proxy fight to secure board seats, as he did with DuPont, the chemical manufacturer, in 2015, he finds a way to claim victory....
...In its order intake, Nucera snagged contracts from Swedish producer H2 Green Steel, and from a Shell project in the Netherlands. That is helpful....
...Swedish steelmaker SSAB is among the European winners of a series of US government investments in an $6bn effort to decarbonise manufacturing, across high polluting sectors such as steel, cement, chemicals...
...Taking into account plant closures and sales, Shell will have reduced its capacity by 33 per cent over that period, while BP’s will have fallen by 10 per cent....
...In 2022, a girl in Nebraska attended school with chemical burns on her hands and knees, apparently the result of her illegal night-time career in slaughterhouse sanitation....
...Conversely, US industry — including steel and chemicals — might benefit from the added availability of even cheaper natural gas....
...But then, I have pulled out nettles, which are food for valuable pollinators red admiral, small tortoise-shell, painted lady and comma butterflies....
...EQT recently struck a large deal to acquire family-owned Heritage Environmental Services, which handles waste and industrial by-products from chemical plants, pipelines, rare earths manufacturing and semiconductors...
...Chemicals companies, for instance, have been at a disadvantage compared with their peers in the US. LNG sellers, however, face choppy seas....
...“Disappointing numbers,” said Biraj Borkhataria, an analyst at RBC Capital Markets, adding that a $468mn loss in Shell’s chemicals division because of weak demand had been bigger than expected....
...At Ineos, which derives almost all its revenue from a global network of chemical and oil refining plants, every business review begins with an update on plant and worker safety....
...gas prices, Shell said on Thursday....
...Rumours of potential buyouts by the group have swirled this year, including reports that Tata was in talks to buy a majority stake in Indian snack giant Haldiram, but was not prepared to shell out for the...
...But it is those industries that seem less exposed directly but are nonetheless dependent on nature for their supply chains — such as mining, chemicals, aviation, real estate and tourism — where boards need...
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