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Huntsman in brief

Enriching lives through innovation

With Headquarters in The Woodlands, on the north of Houston, Texas, USA, Huntsman is a chemical company listed in the New York Stock Exchange and operating 75 production units in 30 countries with about 12,000 employees

Jon Huntsman established the Huntsman Container Corporation in 1970 in Fullerton, California.

At that time the purpose of the company is to use the emerging plastic materials to create new packaging for the food industry such as eggs.

Using the flexibility of the plastic materials Huntsman grew up in creating attractive packaging allowing advertisings.

In 1974, Huntsman invents the “clamshell” to contain the famous McDonald’s Big Mac and other fast-food containers.

Huntsman also created the first plates and bowls in plastics.

In 1982, to control the costs and the technology of the packaging, Huntsman decided to move upstream along the hydrocarbon products chain to register Huntsman Chemical Corporation in Salt Lake City, in Utah.

Huntsman grows up through the acquisition of polystyrene plants from Shell and Hoechst.

Since then Huntsman continued to build success through 30 acquisitions of specialties from large chemical groups to become a global company

In 2000, Huntsman Packaging is spin off to concentrate remaining activities on differentiated chemicals for diversified industries such as plastics, automotive, aviation, textiles, footwear, paints and coatings, construction, technology, agriculture, health care, detergent, personal care, furniture, appliances and packaging

As a result, Huntsman’s business model is structured around five business divisions:

 – Performance Products

 – Advanced Materials

 – Pigments

 – Polyurethanes

 – Textile Effect

Through this organization Huntsman maintains its market leadership on a large portfolio covering: methane diisocyanate, polyurethane catalysts, epoxy adhesives, epoxy powder coating systems, aerospace composites, electrical insulating materials, textile effect chemicals, polyetheramines, ethylene and propylene carbonates and maleic anhydride.

ARALDITE is one of these famous brands of high added value chemical products developed by Huntsman

Huntsman Key Figures

 – 2011 Revenues: $11,2 billion

 – 2010 Revenues: $9,2 billion

 – 2009 Revenues: $7,6 billion

 – 2011 Earnings: $0,25 billion

 – 2010 Earnings: $0,03 billion

 – 2009 Earnings: $0,1 billion

 – 2011 Capital Expenditure: $0,32 billion

 – 2010 Capital Expenditure: $0,2 billion

 – 2009 Capital Expenditure: $0,18 billion

Huntsman Projects and Business Highlights

With more than 5,000 patents, Huntsman is building up its market leadership on:

 – Innovation

 – Focused sectors

 – Strategic alliances

In the painting and coating branch, Huntsman is developing pigments to prevent sun rays effects by selective reflection to reduce cooling power consumption and maintenance costs. 

Huntsman is developing dedicated chemical products, such as surfactants, for the oil and gas industry to improve the performances of the enhanced oil recovery (EOR) processes.

The actual average rate of recovery in the conventional oil and gas fields is about 35% without EOR.

With actual EOR techniques, the oil and gas companies, managed to increase the recovery rate to 50%.

But Huntsman is now targeting 60 to 70% recovery rate in using specific surfactants combined with other chemical specialties which can sustain high pressure, high temperature, high saline environments.

In addition Huntsman developsEOR chemical products dedicated to CO2 injection applications.

Therefore Huntsman will be more and more active in the upstream sector.

In China, Huntsman will form a joint venture with Sinopec to build and operate a world-scale Propylene Oxide (PO) and Methyl Tertiary Butyl Ether (MTBE) facility in Nanjing, in the Jiangsu Province.

This greenfield project will require Huntsman and Sinopec to invest jointly $750 million capital expenditure.

For more information and data about oil and gas and petrochemical projects go to Project Smart Explorer

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