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Lyondellbasell Was Formed Through A Merger Between Basell (A Joint Venture Between Basf And Shell) And Lyondell, Which Was A Major Chemical Producer Dating Back To The 1950s. Notably, The Firm Filed For Bankruptcy In 2009 After The Merger, Following A Heavy Debt Burden Taken On For The 2007 Merger. It Was Reorganized As Lyondellbasell Nv And Relisted In 2010. Lyondellbasell Has Five Reportable Segments, After Exiting Refining In 2025: Olefins And Polyolefins Americas (O&P A), Olefins And Polyolefins Europe-Asia-International (O&P Eai), Intermediates And Derivatives (I&D), Advanced Polymer Solutions (Aps), And Technology.