Clariant, a sustainability-focused specialty chemical company, announced that on Tuesday, 25 February 2025, the company received a claim for damages against four companies, including Clariant, from TotalEnergies with the court of Amsterdam, The Netherlands. The claim alleges damages related to ethylene sales amounting to around EUR 625 million 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. Clariant has substantiated economic evidence that the conduct of the parties did not produce any effect on the market. Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged
Clariant announced that on February 25, 2025, TotalEnergies filed a €625 million (~$650 million) damages claim in Amsterdam against four companies, including Clariant, over alleged competition law infringements in ethylene sales. Clariant rejects the allegation, asserting there was no market impact and will strongly defend its position.
Fibre2Fashion News Desk (RM)
