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LyondellBasell to Shutdown Propylene Line in Germany

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LyondellBasell announced today that it will shut down one polypropylene (PP) line in Wesseling, Germany, by the end of 2009. As a result, PP capacity at the site will be reduced by 110KT.

"We have concluded that our current polypropylene operating rate at Wesseling is no longer economically viable," said Anton de Vries, LyondellBasell's president of Europe, Asia & International. "The affected line in Wesseling is one of the smallest and oldest PP units we have in LyondellBasell. We continue to invest in state-of-the-art facilities."

He added, "We will continue to meet the needs of our customers even as we rationalize certain assets."

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