ROTTERDAM, Netherlands, December 30, 2009 – Effective January 1, LyondellBasell Industries will increase prices on all of its polyethylene and on all of its polypropylene grades by €100 per tonne in Europe.

"Escalating feedstock costs have necessitated this price increase," said Anton de Vries, LyondellBasell’s president of Europe, Asia and International.

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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; and a significant producer of fuels and refined products, including biofuels. 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. LyondellBasell (www.lyondellbasell.com) is privately owned by ProChemie GmbH, a joint venture of Access Industries and ProChemie Holding Ltd.

Source: LyondellBasell Industries

For information, contact:

Media – Waldemar Oldenburger, +49 69 305 854 59 or waldemar.oldenburger@lyondellbasell.com