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Germany’s BASFand the Royal Dutch/Shell Groupwill decide by the end of the year on which track to pursue for their planned exit from the 50:50 European joint venture Basell, the world’s largest polypropylene (PP) and advanced polyolefins producer. The transaction is expected to create significant interest from international petrochemical companies – including Saudi Basic Industries Corporation (Sabic)– and international private equity investors. Basell, together with Saudi Arabia’s Tasnee Petrochemicals, jointly owns Saudi Polyolefins Company (SPC)and has provided proprietary technologies to projects in the region.