January 18, 2008 – PetroChina Daqing Refining & Chemical Company has selected LyondellBasell Industries’ Spherizone process technology for a new 300 KT per year polypropylene plant to be built at Daqing, Heilongjiang Province in the People’s Republic of China. Start up is planned for 2010. This is PetroChina’s ninth polyolefin license from LyondellBasell in this decade.

“The first license granted as LyondellBasell is also a reflection of the continued long lasting and valued relationship with PetroChina” said Just Jansz, president of LyondellBasell’s Technology Business.

Jansz added: “PetroChina’s selection of this innovative technology confirms our view that the Spherizone process enables users to access new applications and markets with unique products and capture additional value well into the future."

LyondellBasell’s Spherizone process technology is an advanced manufacturing process for the production of polypropylene that uses a unique, multi-zone circulating reactor system. Spherizone process plants can produce the full range of polypropylene grades, as well as entirely new families of propylene-based polymers. The Daqing plant will be the eleventh to be built worldwide using Spherizone technology. To date, over three million tonnes of annual capacity have been licensed.

In the last decade, LyondellBasell technologies have been selected in about half of all new polypropylene projects worldwide.

LyondellBasell’s complete portfolio of licensed polyolefin technologies is comprised of:

• Spheripol – leading polypropylene technology for the production of homopolymer, random and heterophasic copolymers
• Spherizone - latest generation polypropylene technology based on new multi-zone reactor for the production of polypropylene and novel polyolefins.
• Spherilene – advanced swing gas phase process for the production of LLDPE, MDPE and HDPE
• Hostalen – leading low-pressure slurry process for the production of bimodal HDPE
• Lupotech T – leading high-pressure tubular reactor process for the production of LDPE and EVA copolymers
• Metocene PP – technology for the production of specialty polypropylene products using single-site catalyst systems

About LyondellBasell Industries
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; a significant producer of advanced fuel products; and the operator of one of North America’s largest full-conversion refineries. 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 (www.lyondellbasell.com) is privately owned by Access Industries.