December 27, 2007 – Effective January 1, LyondellBasell Industries will increase prices in Europe by €75 per tonne on all polypropylene grades and €100 per tonne on all polyethylene grades.

“These price increases reflect increasing monomer costs” said Anton de Vries, President of LyondellBasell’s Polymers Division.

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LyondellBasell Industries is one of the world’s largest polymers, petrochemicals and fuels companies. We are the global leader in polyolefins technology, production and marketing; a pioneer in propylene oxide and derivatives; a significant producer of advanced fuel products; and the operator of one of North America’s largest full-conversion refineries. Through research and development, LyondellBasell develops innovative materials and technologies that deliver exceptional customer value and products that improve quality of life for people around the world. Headquartered in The Netherlands, LyondellBasell (www.lyondellbasell.com) is privately owned by Access Industries.

For information, contact:
Media – Waldemar Oldenburger: +49 69 305 854 59 or waldemar.oldenburger@basell.com