LyondellBasell to increase PE prices in Europe

Fri, 26 June 2009

Effective July 1, LyondellBasell Industries will increase prices in Europe by €120 per tonne on all of its polyethylene grades.

“Escalating feedstock costs have made this price increase necessary,” said Tassilo Bader, senior vice president for LyondellBasell’s olefins and polyethylene business in Europe, Asia and International.

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.