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