Basell announced today that it will increase prices by €100 per tonne on all polypropylene and polyethylene grades sold in Europe effective July 1.

“With global polyolefin demand picking up again and oil and naphtha prices at extremely high levels, margins need to be restored,” 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 (Talmo) Harrell  at +1 302 438 6574, +1 410 996 1366 or , michelle.harrell@basell.com) or Chantal Sohm (+ 33 1 55 51 21 19, chantal.sohm@basell.com) of Basell’s Corporate Communications Department.