Basell announced today that it will increase prices by €70 per tonne on all polypropylene and polyethylene grades sold in Europe effective April 1.

"With the cost of raw materials, energy and transportation at very high levels, this price increase is necessary,” 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.