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GREAT LAKES SUBSIDIARY ANNOUNCES NEW PRICING

 GREAT LAKES SUBSIDIARY ANNOUNCES NEW PRICING
 WEST LAFAYETTE, Ind., July 24 /PRNewswire/ --Great Lakes Chemical


Corporation (NYSE: GLK) confirmed today that its subsidiary Octel Associates is in the process of implementing price increases on its line of alkyl lead-based fuel additives, effective July 1, 1992, or as supply contracts are renewed. Prices will increase on the same order of magnitude as in the past and will again vary from geographic regions.
 Emerson Kampen, Great Lakes chairman, president and CEO, stated, "This action is consistent with our strategy of providing sound leadership in the marketplace. The steps undertaken by Octel continue to bring the pricing of its octane-enhancing fuel additives more in line with the true economic value."
 Octel Associates is the world's largest producer of certain motor fuel antiknock compounds, supplying over 70 percent of the markets outside of North America. Octel, either directly or through affiliated companies, has interests in manufacturing plants in the United Kingdom, France and Italy.
 Great Lakes Chemical Corporation, a Fortune 500 company, is the world's leading producer of bromine, brominated chemicals and furfural derivatives for such applications as flame retardants, agriculture, oil and gas well completion fluids, water sanitizers and other specialty applications. The stock of the company is traded on the New York Stock Exchange.
 -0- 7/24/92
 /CONTACT: David R. Bouchard or Gregory J. Griffith, both of Great Lakes Chemical Corporation, 317-497-6100/
 (GLK) CO: Great Lakes Chemical Corporation ST: Indiana IN: CHM SU:


BM -- CL003 -- 2927 07/24/92 09:13 EDT
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Publication:PR Newswire
Date:Jul 24, 1992
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