Selling the chemicals business could bring as much as $6 billion, analysts say.
The shares of the chemicals business are to be listed in New York.
Part of its chemicals business has been already brought public.
To cut debt, the company plans to sell roughly $3 billion in assets to focus more closely on its oil and chemicals businesses.
The following year it bought Acheson, an electronic chemicals business.
It also sold the last of its industrial chemicals businesses to Ineos for £300 million.
That is largely because of persistent problems in its chemicals business.
In 1955, he started his own agricultural chemicals business.
They have been rapidly expanding their operations in the textiles and chemicals business.
As long as the chemicals business remained healthy, the technique should have worked.