Clariant Denies OMV Allegations in €1 Billion Competition Law Dispute
Clariant Denies OMV Allegations in €1 Billion Competition Law Dispute

Clariant Denies OMV Allegations in €1 Billion Competition Law Dispute

  • 27-May-2025 10:00 PM
  • Journalist: William Faulkner

Clariant, a specialty chemicals company committed to sustainability, has responded to a legal claim filed by OMV on May 26, 2025. The claim, submitted to the Court of Amsterdam in the Netherlands, targets four companies, including Clariant, and seeks damages amounting to approximately EUR 1 billion. The basis of OMV’s allegation relates to a purported violation of competition law within the ethylene purchasing market—a matter previously sanctioned by the European Commission in July 2020.

Clariant strongly refutes the accusations brought forward by OMV. The company emphasizes that it will vigorously defend its position throughout the legal proceedings. According to Clariant, the claims are unfounded and lack merit. The company asserts that its conduct, along with that of the other involved parties, did not adversely affect the market. Clariant has presented robust economic evidence to support its stance and challenge the alleged damage claims.

Maintaining its commitment to integrity, transparency, and legal compliance, Clariant insists that it has always operated within the bounds of fair competition. The company also highlights its broader dedication to sustainable and responsible business practices. As the case progresses, Clariant intends to continue its full cooperation with relevant authorities and ensure that its position is clearly represented and defended in court.

The company remains confident that the proceedings will affirm its compliance and that the evidence will demonstrate the absence of any market distortion caused by its actions. Clariant assures stakeholders that it will provide updates as the legal matter unfolds.

Clariant is a globally recognized specialty chemical company headquartered in Switzerland, driven by its overarching mission: “Greater chemistry – between people and planet.” This purpose reflects the company’s strong commitment to developing chemical innovations that not only meet the evolving needs of customers but also promote environmental sustainability and responsible resource use. By integrating a strategic focus on customer-centricity, continuous innovation, and the empowerment of its workforce, Clariant develops high-performance solutions that address complex challenges across a range of industries.

The company believes that meaningful progress stems from strong connections—between people, industries, and the environment—and therefore actively cultivates partnerships and technologies that contribute to sustainable development. As of 31 December 2024, Clariant employed a total of 10,465 people across its global operations and achieved sales of CHF 4.152 billion during the fiscal year.

Since January 2023, Clariant has structured its operations around three core Business Units: Care Chemicals, Catalysts, and Adsorbents & Additives. This organizational model supports the company's strategic priorities and enables it to deliver targeted, innovative solutions in specialized market segments. Through its focused approach and commitment to sustainability, Clariant continues to play a leading role in shaping the future of the specialty chemicals industry while maintaining a strong connection between people and the planet.

Tags:

Ethylene

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