EXHIBIT 99.2

FOR IMMEDIATE RELEASE                          Contact:  J. Travis Spoede
                                                         Chief Financial Officer
                                                         713-241-7887


RESOLUTION PERFORMANCE PRODUCTS LLC ANNOUNCES PRELIMINARY THIRD QUARTER 2001
RESULTS MEET EXPECTATIONS OF $38 MM EBITDA

HOUSTON, November 7, 2001 - Resolution Performance Products LLC today reported
its preliminary financial results for the quarter ended September 30, 2001,
including estimated adjusted consolidated EBITDA of $38 million compared to
second quarter 2001 adjusted consolidated EBITDA of $37 million. Resolution
Performance Products LLC was wholly owned by the Royal Dutch/Shell Group of
Companies through November 14, 2000, when it was acquired by an affiliate of
Apollo Management, L.P. in a recapitalization transaction.

Debt is expected to be $601 million as of September 30, 2001. The Company made
voluntary payments on its Term Loan B of approximately $24.1million and $49.1
million in the quarter ended September 30, 2001 and year-to-date, respectively.
The Company's revolving credit facility is expected to remain undrawn at
September 30, 2001.

On November 5, 2001, the Company entered into an amendment to its credit
agreement pursuant to which the Company has agreed to prepay a portion of the
outstanding Term Loan A and Term Loan B with the net proceeds from the
previously announced offering of a further issuance of its 13 1/2% Senior
Subordinated Notes Due 2010 in an aggregate principal amount of $75 million. In
addition, pursuant to the credit agreement amendment, subject to completion of
the offering, the Company's financial covenants will be revised.

Based on preliminary unaudited internal reports, revenue for the third quarter
of 2001 is expected to reach $207 million, an 11.5% decrease from the second
quarter of 2001 and 13.8% decrease from the prior year period. For the nine
months ending September 30, 2001, revenues are expected to decrease 5.5% from
the prior year period. Although global economies continued to slowdown and
soften demand further, operating income in the third quarter of 2001 is expected
to increase to $28 million from $4 million in the same period last year and to
increase to $70 million in the nine months ended September 30, 2001 from $58
million in the same period last year. This increase in operating income for the
quarter and nine months of 2001 is due primarily to lower prices of crude oil
and related petrochemicals, our cost reduction program, and to a lesser extent,
increases in sales prices.

The expected consolidated EBITDA of $38 million and $107 million for the three
and nine months ended September 30, 2001, respectively, represents an increase
of $27 million and $20 million, respectively, compared to the same periods last
year. The estimated increase for the three months ended September 30, 2001 was
primarily due to decreases in purchase and variable product costs and operating
expenses and increased special charges, partially offset by decreased revenue.
During the nine months ended September 30, 2000, Royal Dutch/Shell Group owned
the business and the cost structure did not reflect that of a stand-alone
entity. The estimated increase in consolidated EBITDA for the nine months ended
September 30, 2001 was primarily due to the decreases in purchase and variable
product costs and operating expenses and increased special charges, partially
offset by decreased research and development costs. Estimated Adjusted
consolidated EBITDA of $109 million represents consolidated EBITDA adjusted by
$2 million of additional projected cost savings assuming the cost savings
program was in effect for the entire nine months ended September 30, 2001.

Resolution Performance Products is planning to release its final financial
results for the three months and nine months ended September 30, 2001 on
November 14, 2001. We will also be hosting an investor conference call on
Monday, November 19, 2001 at 10:00 am Central Standard Time. The public is
cordially invited to listen and participate and we will provide more details on
November 14, 2001 regarding the access information for the conference call.

Certain statements in this press release may contain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995.
These statements are based on the Company's current expectations and involve
risks and uncertainties that could cause the Company's actual results to differ
materially from those set forth in the statements. The Company can give no
assurance that such expectations will prove to be correct. Factors that could
cause the Company's results to differ materially from current expectations
include: general economic and business conditions, industry trends, raw material
costs and availability, changes in demand for its products, actions of its
competitors and the additional factors and risks contained in the Company's
registration statement on Form S-4 declared effective on May 11, 2001 and Form
10-Q for the three and six months ended June 30, 2001.

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Consolidated EBITDA represents income before income taxes, interest expenses,
net, special charges and depreciation and amortization. Consolidated EBITDA for
the periods presented corresponds with the identically titled definition used as
a measure in both the indenture and our credit agreement for determining the
Company's compliance with covenants contained in those agreements. In addition,
Consolidated EBITDA is presented because it is used by investors to analyze and
compare operating performance and to determine a company's ability to service
and/or incur debt. However, Consolidated EBITDA should not be considered in
isolation or as a substitute for net income, cash flows or other income or cash
flow data prepared in accordance with generally accepted accounting principles
or as a measure of a company's profitability or liquidity. Consolidated EBITDA
is not calculated under GAAP and therefore is not necessarily comparable to
similarly titled measures of other companies.

Adjusted Consolidated EBITDA represents Consolidated EBITDA adjusted by $0
million and $2 million of projected cost savings assuming the cost savings
program was in effect for the entire quarter ended September 30, 2001 and nine
months ended September 30, 2000, respectively.