Exhibit 12



EQUISTAR CHEMICALS, LP

STATEMENT
SETTING FORTH DETAIL FOR COMPUTATION OF

RATIO OF EARNINGS TO FIXED CHARGES



(Millions of dollars)



|                                                             |  |                         |      |   |      |   |      |      |  |   |      |   |      |   |     |  |   |    
|------------------------------------------------------------ |  | ----------------------- | ---- | - | ---- | - | ---- | ---- |  | - | ---- | - | ---- | - | --- |  | - | ---
|                                                             |  | Year Ended December 31,
|                                                             |  | 2003                    |      |   | 2002 |   |      | 2001 |  |   | 2000 |   | 1999
|Income (loss) from continuing operations before income taxes |  | $                       | (339 | ) |      | $ | (246 | )    |  | $ | (283 | ) |      | $ | 153 |  | $ | 32 
|Fixed charges:                                               |  |                         |      |   |      |   |      |      |  |   |      |   |      |   |     |  |   |    
|Interest expense, gross                                      |  |                         | 215  |   |      |   | 205  |      |  |   | 192  |   |      |   | 185 |  |   | 182
|Portion of rentals representative of interest                |  |                         | 35   |   |      |   | 42   |      |  |   | 37   |   |      |   | 38  |  |   | 37 
|                                                             |  |                         |      |   |      |   |      |      |  |   |      |   |      |   |     |  |   |    
|Total fixed charges before capitalized interest              |  |                         | 250  |   |      |   | 247  |      |  |   | 229  |   |      |   | 223 |  |   | 219
|Capitalized interest                                         |  |                         |     |   |      |   |     |      |  |   |     |   |      |   |    |  |   |   
|                                                             |  |                         |      |   |      |   |      |      |  |   |      |   |      |   |     |  |   |    
|Total fixed charges including capitalized interest           |  |                         | 250  |   |      |   | 247  |      |  |   | 229  |   |      |   | 223 |  |   | 219
|                                                             |  |                         |      |   |      |   |      |      |  |   |      |   |      |   |     |  |   |    
|                                                             |  |                         |      |   |     
|Earnings (losses)                                            |  | $                       | (89  | ) |      | $ | 1    |      |  | $ | (51  | ) |      | $ | 376 |  | $ | 251
|                                                             |  |                         |      |   |     
|Ratio of earnings (losses) to fixed charges (a)              |  |                         |     |   |      |   |     |      |  |   |     |   |      |   | 1.7 |  |   | 1.1
|                                                             |  |                         |      |   |      |   |      |      |  |   |      |   |      |   |     |  |   |    



|(a) | In 2003, 2002 and 2001, earnings were insufficient to cover fixed charges by $339 million, $246 million and $283 million, respectively.
|--- | ---------------------------------------------------------------------------------------------------------------------------------------



Exhibit 12