HOUSTON, Jan. 19 /PRNewswire-FirstCall/ -- On Jan. 19, 2007, the Board of Directors of Lyondell Chemical Company (NYSE: LYO) declared a regular quarterly dividend of $0.225 per share of common stock to stockholders of record as of the close of business on Feb. 26, 2007.

The regular quarterly dividend on each share of outstanding common stock is payable in cash on March 15, 2007.

Lyondell Chemical Company, headquartered in Houston, Texas, is North America's third-largest independent, publicly traded chemical company. Lyondell is a major global manufacturer of basic chemicals and derivatives including ethylene, propylene, titanium dioxide, styrene, polyethylene, propylene oxide and acetyls. It also is a refiner of heavy, high-sulfur crude oil and a significant producer of gasoline-blending components. Lyondell is a global company operating on five continents and employs approximately 11,000 people worldwide.

SOURCE: Lyondell Chemical Company

CONTACT: media, Lisa M. Martin-Walsh, +1-713-309-4890, or investors,
Douglas J. Pike, +1-713-309-7141, both of Lyondell Chemical Company

Web site: http://www.lyondell.com/