Last €22.02 EUR
Change Today -0.09 / -0.41%
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As of 2:16 AM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

500 Huntsman Way

Salt Lake City, UT 84108

United States

Phone: 801-584-5700

Fax: 801-584-5781

: MTBE is an oxygenate that is blended with gasoline to reduce harmful vehicle emissions and to improve the octane rating of gasoline. The company has a license agreement with Chinese chemicals manufacturer, Yantai Wanhua Polyurethanes Co., Ltd, for the production of PO and MTBE. It also has an agreement to form a joint venture with Sinopec (Nanjing Jingling). The joint venture involves the construction and operation of a PO/MTBE facility in China. Under the joint venture agreement, the company holds a 49% interest in the joint venture and Sinopec (Nanjing Jingling) holds a 51% interest. Sales and Marketing The company’s global sales group markets its polyurethane chemicals to approximately 3,500 customers in approximately 90 countries. Strategy The company’s strategy is to continue to increase sales to existing customers and to attract new customers by providing innovative solutions, quality products, reliable supply, competitive prices, and superior customer service. Seasonality Sales peak during the spring and summer months in the northern hemisphere, resulting in greater sales volumes during the second and third quarters of the year (year ending December 2013). Joint Ventures Chemtura Corporation is the company’s joint venture partner in Rubicon LLC, which owns aniline, nitrobenzene and DPA manufacturing facilities in Geismar, Louisiana. The company is entitled to approximately 86% of the nitrobenzene and aniline production capacity of Rubicon LLC, and Chemtura Corporation is entitled to 100% of the DPA production. In addition to operating the joint venture's aniline, nitrobenzene, and DPA facilities, Rubicon LLC also operates the company’s wholly owned MDI, polyol, and maleic anhydride facilities at Geismar and is responsible for providing other auxiliary services to the entire Geismar complex. The company is involved in two related joint ventures, which operate MDI production facilities near Shanghai, China. Shanghai Liengheng Isocyanate Company (SLIC), the company’s manufacturing joint venture with BASF and three Chinese chemical companies, produces MNB, aniline and crude MDI. The company owns 35% of SLIC and accounts for its investment under the equity method. Huntsman Polyurethanes Shanghai Ltd. (HPS), the company’s splitting joint venture with Shanghai Chlor-Alkali Chemical Company, Ltd, manufactures MDI, polymeric MDI and MDI variants. It owns 70% of HPS and it is a consolidated affiliate. The total production capacity of the SLIC facilities is 660 million pounds per year of MDI and the splitting capacity of the HPS facility is 339 million pounds per year of MDI. Competition The company’s major competitors in the polyurethane chemicals market include BASF; Bayer; Dow; Yantai Wanhua Polyurethanes Co., Ltd; and LyondellBasell. PERFORMANCE PRODUCTS This segment manufactures and sells amines, surfactants, and maleic anhydride. This segment serves various consumer and industrial end markets. This segment is organized by strategic business units (SBUs), which differentiate between specialties and intermediates. In the company’s specialty SBUs (energy, materials, additives, processing chemicals, and agrochemicals), it is a global producer of amines, carbonates, maleic anhydride, and specialty surfactants. The company also produces polyetheramines for various industrial applications, such as epoxy curing agents, oil drilling, agrochemicals, fuel additives, and civil construction materials. It is a major global licensor of maleic anhydride manufacturing technology and is also a major supplier of butane fixed bed catalyst used in the manufacture of maleic anhydride. The company’s licensing group also licenses technology on behalf of other Performance Products businesses and other segments. In the company’s intermediate SBUs, the company consumes internally produced and third-party-sourced base petrochemicals in the manufacture of its surfactants, linear alkyl benzene (LAB), and ethanolamines products, which are primarily used in detergency, consumer products, and industrial applications. It also produces EG, which is primarily used in the production of polyester fibers and

 

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