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,
	2005		2004		2003			2002			2001
Income (loss) from continuing operations before income taxes	$	748	$	276	$	(339	)	$	(246	)	$	(283	)
Fixed charges:
Interest expense, gross		227		227		215			205			192
Portion of rentals representative of interest		34		31		35			42			37
Total fixed charges before capitalized interest		261		258		250			247			229
Capitalized interest		—		—		—			—			—
Total fixed charges including capitalized interest		261		258		250			247			229
Earnings (losses)	$	1,009	$	534	$	(89	)	$	1		$	(54	)
Ratio of earnings (losses) to fixed charges (a)		3.9		2.1		—			—			—

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