Clariant rejects allegations from BP Europe and ExxonMobil against four companies related to the 2020 competition law infringement

Core Viewpoint - Clariant has received damage claims totaling approximately EUR 1.1 billion and EUR 860 million from BP Europe SE and ExxonMobil Petroleum & Chemical B.V. respectively, related to alleged competition law infringements in the ethylene purchasing market, which the company firmly rejects and plans to defend vigorously [1]. Company Overview - Clariant is a sustainability-focused specialty chemical company based in Switzerland, with a staff of 10,465 and recorded sales of CHF 4.152 billion for the fiscal year ending December 31, 2024 [6]. - The company operates through three business units: Care Chemicals, Catalysts, and Adsorbents & Additives [6]. Legal Context - The claims against Clariant are linked to a European Commission sanction from July 2020 regarding competition law violations in the ethylene purchasing market [1]. - Clariant asserts that it has economic evidence demonstrating that the alleged conduct did not impact the market [1].