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07-22-2008

LyondellBasell: Price Increase

Effective August 1, LyondellBasell Industries, Rotterdam, Netherlands, will increase prices in Europe on its Catalloy process resins (trade names: Adflex, Adsyl, Softell and Hifax) by EUR 200/t. These resins, which possess a broad range of properties from flexibility to stiffness, are used by customers to produce applications in the building and construction, compounding, film (specialty and packaging) and automotive industries.

“Escalating feedstock, energy and transportation costs continue to erode our margins which necessitate this increase,” said Paul Yeates, Senior Vice President of LyondellBasell’s Advanced Polyolefins business.

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