HOUSTON, Oct. 2 /PRNewswire-FirstCall/ -- On October 2, 2003, 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 November 25, 2003.

Lyondell has two series of common stock outstanding: Common Stock and Series B Common Stock. The regular quarterly dividend on each share of outstanding Common Stock is payable in cash on December 15, 2003. Lyondell has elected to pay the regular quarterly dividend on each share of outstanding Series B Common Stock in kind in the form of additional shares of Series B Common Stock on December 30, 2003.

Lyondell Chemical Company, (www.lyondell.com ), headquartered in Houston, Texas, is a leading producer of: propylene oxide (PO); PO derivatives, including toluene diisocyanate (TDI), propylene glycol (PG), butanediol (BDO) and propylene glycol ether (PGE); and styrene monomer and MTBE as co-products of PO production. Through its 70.5% interest in Equistar Chemicals, LP, Lyondell also is one of the largest producers of ethylene, propylene and polyethylene in North America and a leading producer of ethylene oxide, ethylene glycol, high value-added specialty polymers and polymeric powder. Through its 58.75% interest in LYONDELL-CITGO Refining LP, Lyondell is one of the largest refiners in the United States processing extra heavy Venezuelan crude oil to produce gasoline, low sulfur diesel and jet fuel.

SOURCE Lyondell Chemical Company