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Commissioner cites Wall Street Journal reports on possible Shell divestments; officials note limited local authority over private sales
Summary
Commissioner Manning told the March 5 Beaver County commissioners work session that news reports indicate Shell may sell chemical assets and that county officials do not control private sales so long as permits are satisfied.
Commissioner Manning told the March 5 Beaver County commissioners work session that news reports, including the Wall Street Journal, have said Shell is considering selling chemical assets in Europe and the United States and that potential buyers could include private equity or Middle Eastern firms.
Manning said the plant in the region had opened recently with a reported construction cost of about $14 billion and that Shell is reviewing a portfolio…
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