PetroChina Selects Basell's Hostalen Technology for Two HDPE Plants in China with a Total Capacity of 650 KT Per Year


November 06, 2007- PetroChina Company Ltd. has selected Basell's Hostalen technology for two new high density polyethylene plants; a 300 KT per year plant in Chengdu, Sichuan province, and a 350 KT per year plant in Fushun, Liaoning province, China. Start-up for both plants is expected to be in 2011.

"We are very pleased that PetroChina has selected the Hostalen process technology for their two latest world scale petrochemical complex investments," said Just Jansz, president of Basell's Technology Business. "PetroChina, the largest oil and petrochemical company in China, implemented a full competitive evaluation of licensed HDPE technologies that could meet their film, blow molding and pipe application requirements which are critical for the projected growth in this region."

Basell's Technology Services group has also been working closely with PetroChina to optimize products for special market requirements on their existing Hostalen process plant in Jilin province, China. "Looking toward the future, we are pleased to be extending our partnership with PetroChina in order to continue to meet their needs," said Jansz.

According to Jansz, "PetroChina's double license further reinforces the Hostalen process' leading position in slurry technology for the manufacture of bi-modal HDPE products, with 6 million tons of licensed capacity worldwide. The main drivers for this growth have been the process' ability to produce a broad product range for demanding applications, with renowned operational stability."

Basell's complete portfolio of licensed 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

Basell is the global leader in polyolefins technology, production and marketing. It is the largest producer of polypropylene and advanced polyolefin products; a leading supplier of polyethylene and catalysts, and the industry leader in licensing polypropylene and polyethylene processes, including providing technical services for its proprietary technologies. Basell, together with its joint ventures, has manufacturing facilities in 19 countries and sells products in more than 120 countries. Additional information about Basell is available at basell.com.

For more information contact

Waldemar Oldenburger
Basell Corporate Communications
+49 69 305 8 54 59
waldemar.oldenburger@basell.com

or

visit us at basell.com/content/newsroom

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