Rotterdam, Netherlands, July 28, 2009 – Effective August 1, LyondellBasell Industries will increase prices by €70 per tonne on its polypropylene grades sold in Europe.
“Escalating feedstock costs have necessitated this increase,” said Yves Bonte, Senior Vice President of LyondellBasell’s Polypropylene Business.
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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.
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