LyondellBasell Starts up New PP Compounding Plant in Mexico

July 29, 2008

LANSING, Mich., July 29 /PRNewswire/ -- LyondellBasell Industries has announced the start-up of a new polypropylene (PP) compounding facility in Altamira, Mexico, with a nominal capacity of 30 KT per year. The company is the leading global producer of PP compounded products and supplies the automotive, appliance, electrical and electronics sectors.

"With this new facility," said Steve Dwyer, Vice President of LyondellBasell Automotive Americas, "we are in an ideal position to support the growth that our customers in the region are experiencing. This plant will use the latest technology to produce a wide range of high-performance, high-quality PP compounds."

The new plant is immediately adjacent to a PP manufacturing facility operated by Indelpro, a joint venture company of LyondellBasell Industries. The Altamira compounding plant will use PP feedstocks from Indelpro to supply compounds to the region's automotive and appliance manufacturing base.

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 bio-fuels. 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. Headquartered in The Netherlands, LyondellBasell (http://www.lyondellbasell.com/) is privately owned by Access Industries.

SOURCE: LyondellBasell Industries

CONTACT: Media, Mark Mendelson, +1-302-683-8141,
mark.mendelson@lyondellbasell.com, or Investors, Doug Pike, +1-713-309-7141,
doug.pike@lyondellbasell.com, both of LyondellBasell Industries

Web site: http://www.lyondellbasell.com/