FOR IMMEDIATE RELEASE
February 26, 2015
THE WOODLANDS, Texas – The Performance Products division of Huntsman Corporation (NYSE:HUN) today announced that all three of its surfactant plants in Europe have successfully achieved “Mass Balance” certification under guidelines of the Roundtable on Sustainable Palm Oil (RSPO).
Huntsman surfactant plants in Saint-Mihiel, France; Barcelona, Spain; and Castiglione delle Stiviere, Italy were certified by BM TRADA, an international independent certification company, to ensure compliance with RSPO’s “Mass Balance” supply chain standards.
The Mass Balance supply chain model administratively monitors the trade of RSPO-certified oil palm products throughout the entire supply chain, as a driver for mainstream trade in sustainable palm oil. The model allows each participant within the supply chain to demonstrate their commitment to sustainable palm oil production and to actively promote the trading of RSPO-certified palm oil.
Huntsman Performance Products provides the consumer products industry with surfactants derived from raw materials, including palm oils. Surfactants provide the cleaning power in personal care and household soaps and detergents.
RSPO is the largest and globally recognized organization with rules and action plans to ensure that palm oil is produced sustainably. As a RSPO member, Huntsman's policy on sourcing sustainable palm oil is aligned with RSPO's policy.
“This is an important milestone for our facilities,” noted Stu Monteith, President of Huntsman’s Performance Products division. “At Huntsman, we encourage our suppliers and customers to adopt a sustainable approach, such as the aims presented by the RSPO. We encourage discussions with customers regarding the supply of products manufactured from sustainable palm oil and its derivat
Huntsman joined the RSPO in 2011 to demonstrate its full support of the production of sustainable palm oil products. “As a next step, we are committed to establishing a certified traceable supply chain for our palm (kernel) oil-based products together with our customers and suppliers,” Monteith noted further.
Huntsman Corporation is a publicly traded global manufacturer and marketer of differentiated chemicals with 2014 revenues of approximately $13 billion including the acquisition of Rockwood’s performance additives and TiO2 businesses. Our chemical products number in the thousands and are sold worldwide to manufacturers serving a broad and diverse range of consumer and industrial end markets. We operate more than 100 manufacturing and R&D facilities in more than 30 countries and employ approximately 16,000 associates within our 5 distinct business divisions. For more information about Huntsman, please visit the company's website at www.huntsman.com. Social Media: Twitter: www.twitter.com/Huntsman_Corp Facebook: www.facebook.com/huntsmancorp LinkedIn: www.linkedin.com/company/huntsman
Forward Looking Statements:
Statements in this release that are not historical are forward-looking statements. These statements are based on management’s current beliefs and expectations. The forward-looking statements in this release are subject to uncertainty and changes in circumstances and involve risks and uncertainties that may affect the company’s operations, markets, products, services, prices and other factors as discussed in
the Huntsman companies’ filings with the U.S. Securities and Exchange Commission. Significant risks and uncertainties may relate to, but are not limited to, financial, economic, competitive, environmental, political, legal, regulatory and technological factors. In addition, the completion of any transactions described in this release is subject to a number of uncertainties and closing will be subject to approvals and other customary conditions. Accordingly, there can be no assurance that such transactions will be completed or that the company’s expectations will be realized. The company assumes no obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by applicable laws.
Michael Scharf: +32 2 758 98 84