Basell announced today that it has sold to Repsol YPF its 50% share in the 160 KT per year polypropylene plant in Tarragona, Spain that is operated by Transformadora De Propileno A.I.E., a company that had been jointly owned by Basell and Repsol.

“Our goal is to focus on our wholly owned production facilities in Tarragona,”  said Manuel Fraga, president of Basell Iberica. ”With an annual capacity of 360 KT, we will continue to supply our customers from these plants and other regional sources.”

Basell is the world's largest producer of polypropylene and advanced polyolefin products, a leading supplier of polyethylene and catalysts, and a global leader in the development and licensing of polypropylene and polyethylene processes. Basell, together with its joint ventures, has manufacturing facilities around the world and sells products in more than 120 countries. Additional information about Basell is available at www.basell.com.

For more information contact Michelle Harrell, Basell Corporate Communications, at +1 410 996 1366, +1 302 438 6574 or michelle.harrell@basell.com