09 Mar 09
Huntsman Launches New Bio-Based Glycerine Carbonate Product

The Woodlands, TX – Huntsman Performance Products, a division of Huntsman Corporation (NYSE: HUN), today announced the commercial availability of its new specialty carbonate, JEFFSOL® Glycerine Carbonate.

Manufactured by Huntsman using the glycerine co-product of bio-diesel, JEFFSOL Glycerine Carbonate is a bio-based specialty chemical useful as a reactive intermediate and as a solvent.  It can be polymerized or reacted with isocyanates or acrylates for applications in coatings, adhesives and lubricants.  Its excellent solvency also makes it attractive for personal care applications, among others. 

“As one of the world’s largest producers of alkylene carbonates, we are pleased to add JEFFSOL Glycerine Carbonate to our portfolio of carbonate products,” said Stu Monteith, Vice President of Performance Specialties.  “This new product offers formulators the ability to produce value-added products with renewable content, and addresses a real need in the marketplace for a functional, cost effective, renewable intermediate.”

Huntsman’s complete product line of carbonates includes JEFFSOL Propylene Carbonate, ULTRAPURE® Propylene Carbonate, JEFFSOL Ethylene Carbonate, ULTRAPURE Ethylene Carbonate, and JEFFSOL Glycerine Carbonate.

For more information, please visit Huntsman’s Coatings, Polymers and Resins website at:

About Huntsman:

Huntsman is a global manufacturer and marketer of differentiated chemicals.  Its 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 today has more than 12,000 employees and operates from multiple locations worldwide.  The Company had 2008 revenues of approximately $10 billion.  For more information about Huntsman, please visit the Company’s website at

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.

Russ Stolle, tel.: +1 281 719 6624

Investor Relations:
Kurt Ogden, tel: +1 801 584 5959

We would like to enhance our business relationship and streamline the payment process by paying you electronically through Electronic Funds Transfer (EFT). If you already receive payment electronically from ot hers, you can certainly appreciate the reduction in errors and the resulting cost savings.

If you are not familiar with electronic payments, here is some additional information:

  • Funds will be available to you immediately on the payment date.


Here comes REDIRECT
  • You will decide with your bank on how much additional remittance information you wish to receive and how much your bank is able to provide to you. Huntsman can provide information to your bank in two standard electronic formats:

CTX – the payment amount and remittance detail are sent to your bank and the payment is deposited into your account. The remittance detail may then be sent to you electronically or in print format (fax or mail) depending on your receiving capabilities and the communication methods available from your bank.
CCD – the payment amount is deposited into your bank account, but no remittance detail is provided – similar to the direct deposit of a paycheck.
CCD+ – the payment amount and one 80 character information field is sent to your bank.

If your bank cannot process electronic payment transactions, you may want to consider opening an account at a bank capable of receiving electronic payments. The immediate availability of your money and access to the remittance detail is worth it! Once you have this capability in place, other companies will also be able to pay you electronically through the same account.

To enroll in Huntsman's electronic payment program, simply complete the following two steps:

  1. Complete the online EFT Enrollment Form
  2. Agree to the Terms & Conditions for Electronic Funds Transfers

Electronic payments can be expected to begin approximately 10 days after re ceipt of your form. If your company has multiple remittance locations, you may also have Huntsman consolidate all of your payments and direct them to a single account.

If you have any questions concerning the program, please contact Huntsman's Finance Department, Accounts Payable at (713) 235-6049.

Huntsman Finance Management