Exhibit 12 LYONDELL CHEMICAL COMPANY STATEMENT SETTING FORTH DETAIL FOR COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (Millions of dollars) Three Months Ended Year Ended December 31, March 31, -------------------------------------------- --------------- 1998 1999 2000 2001 2002 2002 2003 ---- ---- ---- ---- ---- ---- ---- Income (loss) from continuing operations before income taxes $ 89 $(104) $ 693 $(221) $(191) $(73) $(168) -------------------------------------------------------------- Fixed charges: Interest expense, gross................................. 385 717 627 495 508 119 141 Portion of rentals representative of interest........... 35 53 46 44 51 10 15 -------------------------------------------------------------- Total fixed charges before capitalized interest...... 420 770 673 539 559 129 156 Capitalized interest.................................... -- -- -- 3 10 2 2 -------------------------------------------------------------- Total fixed charges including capitalized interest... 420 770 673 542 569 131 158 -------------------------------------------------------------- Earnings before fixed charges................................ $509 $ 666 $1,366 $ 318 $ 368 $ 56 $ (12) -------------------------------------------------------------- Ratio of earnings to fixed charges (a)....................... 1.2 -- 2.0 -- -- -- -- ============================================================== (a) Earnings were insufficient to cover fixed charges for the years ended 1999, 2001 and 2002 and for the three months ended March 31, 2002 and 2003 by $104 million, $224 million, $201 million, $75 million and $170 million, respectively.