| Company type | Joint venture |
|---|---|
| Industry | Polypropylene |
| Fate | Acquired by Lyondell Chemical Company in 2007, subsequently merged with LyondellBasell |
| Parent | LyondellBasell |
Basell Polyolefins was a joint venture between BASF and Royal Dutch Shell. Leonard Blavatnik's Access Industries acquired it from the venturers for $5.7 billion in August 2005.[1] In 2007, Basell merged with the privately owned US company Lyondell Chemical Company to form LyondellBasell, which went bankrupt in the US in January 2009, and emerged from bankruptcy in April 2010.
Basell was the world's largest producer of polypropylene and advanced polyolefins products, the world's largest producer of polyethylene, and a global leader in the development and licensing of polypropylene and polyethylene processes, and a leader[clarification needed] in catalysts.