HOUSTON, February 11, 2011 – LyondellBasell (NYSE: LYB) today issued the following statement concerning the recent fire at Enterprise Products at Mont Belvieu, Texas:

 

“LyondellBasell is currently returning the olefins units at Channelview to the same feedstock slate in place prior to supply disruptions caused by Enterprise’s Mont Belvieu fire.

 

“At La Porte, we have been able to increase our olefins feedstock supply flexibility using alternate pipelines which will allow us to increase operating rates. We are continuing to address logistics that will enable us to return to full rates.”

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LyondellBasell (NYSE: LYB) is one of the world’s largest plastics, chemical and refining companies. The company manufactures products at 58 sites in 18 countries. LyondellBasell products and technologies are used to make items that improve the quality of life for people around the world including packaging, electronics, automotive parts, home furnishings, construction materials and biofuels. More information about LyondellBasell can be found at www.lyondellbasell.com.

 

 

SOURCE: LyondellBasell Industries

 

 

Media Contact:             David A. Harpole +1 713-309-4125

Investor Contact:         Douglas J. Pike +1 713-309-7141

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