LyondellBasell to Increase Prices on its PE and PP Products in Europe

Mo, 1 February 2010

Effective February 1, LyondellBasell Industries will increase prices in Europe by €120 per tonne on all of its polypropylene grades and €100 per tonne on all of its polyethylene grades.

“This increase is due to the continued escalation in feedstock costs,” said Anton de Vries, LyondellBasell’s senior vice president for olefins and polyolefins 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.