Exhibit 12

MILLENNIUM CHEMICALS INC.

STATEMENT SETTING FORTH DETAIL FOR COMPUTATION OF

RATIO OF EARNINGS TO FIXED CHARGES

(Millions of dollars)



|                                                             |  |                         |     |      |   |     |      |  |   |      |   |  |      |      |   |  |   |     |  
|------------------------------------------------------------ |  | ----------------------- | --- | ---- | - | --- | ---- |  | - | ---- | - |  | ---- | ---- | - |  | - | --- | -
|                                                             |  | Year Ended December 31, |    
|                                                             |  | 2005                    |     | 2004 |   |     | 2003 |  |   | 2002 |   |  | 2001 |     
|Income (loss) from continuing operations before income taxes |  | $                       | 28  |      | $ | (31 | )    |  | $ | (186 | ) |  | $    | (344 | ) |  | $ | (56 | )
|Fixed charges:                                               |  |                         |     |      |   |     |      |  |   |      |   |  |      |      |   |  |   |     |  
|Interest expense, gross                                      |  |                         | 130 |      |   | 106 |      |  |   | 98   |   |  |      | 90   |   |  |   | 85  |  
|Portion of rentals representative of interest                |  |                         | 8   |      |   | 8   |      |  |   | 7    |   |  |      | 7    |   |  |   | 6   |  
|                                                             |  |                         |     |      |   |     |      |  |   |      |   |  |      |      |   |  |   |     |  
|Total fixed charges before capitalized interest              |  |                         | 138 |      |   | 114 |      |  |   | 105  |   |  |      | 97   |   |  |   | 91  |  
|Capitalized interest                                         |  |                         |    |      |   |    |      |  |   |     |   |  |      |     |   |  |   |    |  
|                                                             |  |                         |     |      |   |     |      |  |   |      |   |  |      |      |   |  |   |     |  
|Total fixed charges including capitalized interest           |  |                         | 138 |      |   | 114 |      |  |   | 105  |   |  |      | 97   |   |  |   | 91  |  
|                                                             |  |                         |     |      |   |     |      |  |   |      |   |  |      |      |   |  |   |     |  
|Earnings (losses)                                            |  | $                       | 166 |      | $ | 83  |      |  | $ | (81  | ) |  | $    | (247 | ) |  | $ | (35 | )
|Ratio of earnings (losses) to fixed charges (a)              |  |                         | 1.2 |      |   | 0.7 |      |  |   |     |   |  |      |     |   |  |   | 0.4 |  
|                                                             |  |                         |     |      |   |     |      |  |   |      |   |  |      |      |   |  |   |     |  

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|(a) | In 2003 and 2002, earnings were insufficient to cover fixed charges by $186 million and $344 million, respectively.
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