UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                 Current Report

                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

        Date of Report (date of earliest event reported): January 6, 2009


                            LYONDELL CHEMICAL COMPANY
             (Exact name of registrant as specified in its charter)


                                    Delaware
                 (State or other jurisdiction of incorporation)


1-10145                                  95-4160558
(Commission File Number)                 (I.R.S. Employer Identification No.)

1221 McKinney Street, Suite 700,
Houston, Texas                           77010
(Address of principal executive offices) (Zip Code)

                                 (713) 652-7200
              (Registrant's telephone number, including area code)

                                 Not Applicable
          (Former Name or Former Address, if Changed Since Last Report)

      Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

|_|   Written communications pursuant to Rule 425 under the Securities Act (17
      CFR 230.425).

|_|   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12).

|_|   Pre-commencement communications pursuant to Rule 14d-2(b) under the
      Exchange Act (17 CFR 240.14d-2(b)).

|_|   Pre-commencement communications pursuant to Rule 13e-4(c) under the
      Exchange Act (17 CFR 240.13e-4(c)).


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Item 8.01    Other Events

Lyondell Chemical Company (the "Company") is currently in discussions with a
number of its creditors and certain other parties with respect to the provision
to the Company and certain of its subsidiaries of debtor-in-possession financing
as well as forbearance on certain of the Company's obligations.




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                                    SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                            LYONDELL CHEMICAL COMPANY


                                            By:    /s/ Alan S. Bigman
                                               -------------------------------
                                            Name:  Alan S. Bigman
                                            Title: Chief Financial Officer

                                                          Date:  January 6, 2009


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