NEWS
06 May 11
Huntsman Polyurethanes Joins Bark Biorefinery Consortium

Everberg, Belgium – Huntsman Polyurethanes has been invited to join the Bark Biorefinery Consortium Project, a four-year joint venture between academia and industry that is exploring how best to extract value from tree bark that is a forest residue left over by the lumber industry.

The collaborative research program has a total budget of $5.25 million (CAD) and is being funded by the Province of Ontario together with participating institutions and industry partners. As part of consortium activities, representatives from Huntsman’s CoreScience unit in the United States will work closely with scientists from the University of Toronto, who are leading the project.

Leveraging combined academic and commercial know-how, the Huntsman team will focus on one core element of the initiative: converting bark into value added intermediates for polyurethane to achieve improved properties and more renewable content. Previous research in this area has shown that incorporating bark products into other polymers can result in improved thermal stability and fire resistance, as well as improved adhesive properties. 

Project leaders at the University of Toronto, Professor Ning Yan and Mohini Sain, said: “Next generation bark-based additives are expected to further advance green developments in the polyurethane industry. We are delighted to be working with Huntsman on this project”

Niek van Wiechen, Global CoreScience Director at Huntsman Polyurethanes, said: "When the University of Toronto invited Huntsman to join the Bark Biorefinery Consortium, we leapt at the chance. The program has many parallels with our own corporate research and development (R&D) strategy. Huntsman is committed to developing renewable technologies that increase the natural content in our products, provide cost effective solutions for our customers, and offer significant sustainability benefits. This is a great opportunity to turn forest residue into valua ble commercial products. We look forward to sharing our knowledge with consortia colleagues and exploring new avenues in polyurethane chemistry with some of the best academic minds in the world.”

In total the Bark Biorefinery Consortium Project involves two academic institutions, seven companies and several governmental research organizations – predominantly based in Ontario, Canada. For more information about the project please go to: www.barkbiorefinery.com.

About Huntsman
Huntsman is a global manufacturer and marketer of differentiated chemicals. Our operating companies manufacture products for a variety of global industries, including chemicals, plastics, automotive, aviation, textiles, footwear, paints and coatings, construction, technology, agriculture, health care, detergent, personal care, furniture, appliances and packaging. Originally known for pioneering innovations in packaging and, later, for rapid and integrated growth in petrochemicals, Huntsman has approximately 12,000 employees and operates from multiple locations worldwide. The Company had 2010 revenues of over $9 billion. For more information about Huntsman, please visit the company's website at www.huntsman.com.

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.
 

CONTACTS:
Ilse Vanden Brande
+32 (0) 2 758 9420


 
 
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