Disposal

BP Amoco PLC
11 January 2001















January 11, 2001





                  BP to seek offers for plastic fabrications
                      and fabrics and fibRes businesses





BP announced today that it intends to divest its plastic fabrications and
fabrics and fibres businesses. The businesses produce a wide range of
fabricated products, primarily from polyethylene and polypropylene, which are
sold into many different industrial, packaging and floor covering markets
worldwide. Their annual turnover is approximately $1 billion.



'These planned sales are part of BP's continuing strategy to reposition its
chemicals portfolio, following our previously announced agreements with Bayer
and Solvay. Combined, these moves are a major step towards focusing the
portfolio into a narrower set of leading global positions, linked closely to
BP's hydrocarbon streams,' said Byron Grote, chief executive of BP's chemicals
businesses.



'Our fabrications businesses have a robust track record of profitability, with
first class products, customer service and know-how. While they are among the
leaders in almost all the industries in which they operate, they do not fit
closely with our chemicals strategy. We believe there are other companies that
will find them to be excellent additions to their portfolios and who will be
able to develop them to their full potential.'



Any transactions would be subject to regulatory and other approvals, and
consultation with workers' representatives. BP expects to complete the sale of
the businesses during 2001.



The fabrics and fibres business is the world's leading producer of primary and
secondary polypropylene carpet backings and is a leading manufacturer of
non-woven polypropylene fabrics for furniture and bedding construction. The
business is also a leading supplier of woven and non-woven geo-textiles and
woven fabrics for a wide range of packaging applications.



The plastic fabrications business is a leading European producer of speciality
packaging for food, pharmaceutical and industrial markets. The business
supplies films, non-woven materials and composites for hygiene and medical
applications and is a leading supplier of blow-moulded plastic components and
assemblies for the appliance and automotive industries. It is also a leading
European producer of agricultural films and netting. The business includes a
51 per cent share in Arjobex, a world leader in the production of synthetic
papers from polyethylene.



Included in the sale will be a total of 19 wholly-owned sites and
manufacturing operations: seven in the USA, six in Germany, and one each in
the UK, Mexico, Brazil, Australia, Poland and Hungary. Also included will be
interests in joint venture sites in China, France, the UK and the USA.





Notes to editors:



*        A sheet with additional information on the sites and products is
available on request.



*        In May 2000, BP announced that it had reached agreement with Bayer to
buy their 50 per cent stake in the companies' Erdoelchemie joint venture.
Erdoelchemie produces over 4.2 million tonnes per annum (tpa) of
petrochemicals, including 900,000 tpa ethylene, 560,000 tpa polypropylene and
540,000 tpa polyethylene. The transaction is expected to be completed in the
first half of 2001.



*        In December 2000, BP announced that it had reached agreement with
Solvay to take control of their polypropylene businesses in Europe and the
USA, to combine BP's and Solvay's HDPE interests in the USA and Europe into
joint ventures, and to transfer BP's engineering polymers business to Solvay.
This transaction is expected to be completed in mid-2001





Further enquiries:



David Nicholas, BP press office, London: [phone]
Scott Dean, BP press office, Chicago: [phone]



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