Clariant, a sustainability-focused specialty chemical company, announced that it received two claims for damages against four companies, including Clariant, from BP Europe and ExxonMobil Petroleum & Chemical with the court of Munich and Dortmund respectively, both in Germany.

The claims allege damages totaling to around EUR 1.1 billion and EUR 860 million respectively, in relation to infringement of competition law on the ethylene purchasing market which was sanctioned by the European Commission in July 2020.

Clariant firmly rejects the allegations and will adamantly defend its position in the proceedings. Clariant has substantiated economic evidence that the conduct of the parties did not produce any effect on the market.