Shell is reportedly considering the sale of its chemicals assets in Europe and the United States, according to the Wall Street Journal. The energy group has engaged Morgan Stanley to conduct a strategic review of its chemicals operations. While Shell has not issued any comments, and Morgan Stanley has not responded to inquiries outside of regular business hours, the review is in its preliminary stages, with no definitive decisions made regarding a potential sale. One of the assets under review is Shell’s Deer Park facility in Texas. This move follows Shell’s sale of its refining and chemicals hub in Singapore last year, one of the world’s largest. Earlier this year, the British company cautioned that trading in its chemicals and oil products division is expected to significantly decline quarter-on-quarter due to lower seasonal demand.