Basell announced today that it will increase prices on all polypropylene and polyethylene grades sold in Europe effective immediately.

“This increase is necessary due to the sharp increases in crude oil prices which have placed margins under enormous pressure,” said Werner Breuers, president of Basell Polyolefins Europe.

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