Huntsman Corporation (HUN): Analyse du Pestle [Jan-2025 MISE À JOUR]

Dans le paysage dynamique de la fabrication mondiale de produits chimiques, Huntsman Corporation (HUN) se dresse au carrefour des environnements réglementaires complexes, de l'innovation technologique et des défis de durabilité. Cette analyse complète du pilon dévoile le réseau complexe de facteurs politiques, économiques, sociologiques, technologiques, juridiques et environnementaux qui façonnent la trajectoire stratégique de l'entreprise, offrant une exploration nuancée de la façon dont Huntsman navigue sur les défis à multiples facettes d'un écosystème industriel en évolution rapide.

Huntsman Corporation (HUN) - Analyse du pilon: facteurs politiques

Exposés aux réglementations de l'industrie chimique dans plusieurs juridictions mondiales

Huntsman Corporation opère dans des environnements réglementaires complexes dans plusieurs pays:

Région	Corps réglementaire	Exigences de conformité clés
États-Unis	EPA	Règlement sur le contrôle des produits chimiques TSCA
Union européenne	ATTEINDRE	Conformité à l'enregistrement des produits chimiques
Chine	Aisance par européenne	Normes de protection de l'environnement

Impacts potentiels des tensions de politique commerciale américano-chinoise

Les tensions commerciales ont un impact direct sur les opérations de Huntsman:

• 2023 Tarifs tarifaires sur les importations chimiques: 25% entre les États-Unis et la Chine
• Coût annuel des perturbations du commerce estimé: 47,3 millions de dollars
• Volumes d'exportation de produits chimiques réduits de 12,6%

Sous réserve des exigences de conformité de la politique de protection de l'environnement

Métriques de la conformité réglementaire de l'environnement:

Zone de conformité	Investissement	Cible de réduction
Émissions de carbone	62,4 millions de dollars	35% d'ici 2030
Gestion des déchets	18,7 millions de dollars	Réduction de 40%

Sensible aux cadres réglementaires internationaux de la fabrication chimique

Paysage de conformité réglementaire mondiale:

• Conformité réglementaire active dans 18 pays
• Dépenses annuelles de conformité réglementaire: 23,6 millions de dollars
• Maintenir les certifications entre les normes ISO 14001 et ISO 45001

Huntsman Corporation (HUN) - Analyse du pilon: facteurs économiques

Performance cyclique liée à la fabrication et à la demande industrielle

Les revenus de Huntsman Corporation pour l'exercice 2023 étaient de 8,61 milliards de dollars, avec un revenu net de 576 millions de dollars. Les performances de l'entreprise sont directement liées à la fabrication et à la demande industrielle dans plusieurs secteurs.

Segment	Revenus de 2023	Revenu opérationnel
Produits de performance	2,34 milliards de dollars	312 millions de dollars
Matériaux avancés	2,19 milliards de dollars	287 millions de dollars
Polyuréthanes	2,58 milliards de dollars	224 millions de dollars

Les fluctuations mondiales du prix du marché pétrochimique

Impact du prix du pétrole brut: Le prix moyen du pétrole brut Brent en 2023 était de 81,70 $ le baril, influençant directement les coûts des matières premières de Huntsman.

Matière première	2023 prix moyen	Volatilité des prix
Polyol MDI	2 150 $ par tonne métrique	±15.3%
Propylène	850 $ par tonne métrique	±12.7%

Stratégies de gestion des coûts

Huntsman a mis en œuvre des initiatives de réduction des coûts ciblant 100 millions de dollars d'épargne annuelles d'ici la fin de 2024.

• Améliorations de l'efficacité opérationnelle
• Optimisation de la chaîne d'approvisionnement
• Améliorations de la productivité de la main-d'œuvre

Portefeuille de produits diversifiés Atémitigation des risques

La diversification des produits dans plusieurs industries aide à stabiliser les sources de revenus:

Segment de l'industrie	Pourcentage de revenus
Automobile	22%
Construction	18%
Électronique	15%
Biens de consommation	12%
Autre	33%

Huntsman Corporation (HUN) - Analyse du pilon: facteurs sociaux

Demande croissante des consommateurs de solutions chimiques durables

La taille mondiale du marché des produits chimiques durables était de 11,5 milliards de dollars en 2022, prévue parvenir à 20,3 milliards de dollars d'ici 2027. Le portefeuille de produits durables de Huntsman Corporation a représenté 22% des revenus totaux en 2023.

Catégorie de produits durables	Contribution des revenus	Taux de croissance du marché
Produits chimiques à base de bio	487 millions de dollars	8.3%
Polymères recyclables	412 millions de dollars	6.7%
Solutions à faible teneur en carbone	356 millions de dollars	5.9%

Augmentation des attentes de la main-d'œuvre en matière de responsabilité sociale des entreprises

Huntsman Corporation a investi 24,3 millions de dollars dans les programmes de responsabilité sociale en 2023. L'engagement des employés dans les initiatives de RSE est passé de 62% à 78% d'une année à l'autre.

Zone d'investissement RSE	Allocation	Impact métrique
Développement communautaire	8,7 millions de dollars	37 projets locaux
Programmes environnementaux	6,5 millions de dollars	52% de réduction du carbone
Bien-être des employés	9,1 millions de dollars	Satisfaction à 92% des employés

Accent mis sur les initiatives de diversité et d'inclusion sur le lieu de travail

En 2023, la composition de la diversité de la main-d'œuvre de Huntsman Corporation: 45% des femmes, 55% d'hommes. Positions en leadership: 32% de femmes, 68% d'hommes.

Métrique de la diversité	Pourcentage	Cible 2024
Femmes sur la main-d'œuvre	45%	48%
Femmes en leadership	32%	35%
Représentation de la minorité ethnique	27%	30%

Changement de préférences du marché vers des gammes de produits respectueuses de l'environnement

Le marché de la chimie verte devrait atteindre 18,4 milliards de dollars d'ici 2025. Les revenus de produits écologiques de Huntsman Corporation ont augmenté de 15,6% en 2023.

Catégorie de produits respectueux de l'environnement	Revenus de 2023	Taux de croissance
Polymères verts	672 millions de dollars	17.2%
Revêtements durables	543 millions de dollars	14.9%
Produits chimiques à faible émission	456 millions de dollars	12.3%

Huntsman Corporation (HUN) - Analyse du pilon: facteurs technologiques

Investissement continu dans la recherche avancée en science des matériaux

Huntsman Corporation a investi 436 millions de dollars dans la recherche et le développement en 2022. La société maintient 24 centres de recherche mondiaux avec plus de 1 200 professionnels de la recherche dédiés à l'innovation en science matérielle.

Investissement en recherche	Centres de recherche	Professionnels de la recherche
436 millions de dollars (2022)	24 emplacements mondiaux	Plus 1 200 spécialistes

Mise en œuvre de la transformation numérique dans les processus de fabrication

Huntsman a mis en œuvre les technologies de l'industrie 4.0 dans 52 installations de fabrication dans le monde, avec des investissements en transformation numérique atteignant 78,5 millions de dollars en 2022.

Installations de fabrication	Investissement de transformation numérique	Mise en œuvre de la technologie
52 installations mondiales	78,5 millions de dollars (2022)	IoT, IA, Advanced Analytics

Développer des technologies innovantes en polymère et en produits chimiques spécialisés

Huntsman a déposé 87 nouvelles demandes de brevet en 2022, se concentrant sur les technologies avancées en polymère et les solutions chimiques durables.

Demandes de brevet	Domaines d'intervention technologique	Cibles de l'innovation
87 nouveaux brevets (2022)	Polymères avancés	Solutions chimiques durables

Tirer parti de l'intelligence artificielle pour l'optimisation des processus

Huntsman a déployé des systèmes d'optimisation axés sur l'IA sur 38% de ses processus de fabrication, ce qui a entraîné des améliorations de 12,4% d'efficacité et 42,3 millions de dollars d'économies opérationnelles.

Implémentation de l'IA	Couverture de processus	Amélioration de l'efficacité	Économies de coûts
Systèmes d'optimisation de l'IA	38% de la fabrication	Gain d'efficacité de 12,4%	Économies de 42,3 millions de dollars

Huntsman Corporation (HUN) - Analyse du pilon: facteurs juridiques

Conformité aux réglementations internationales sur la sécurité chimique

En 2024, Huntsman Corporation maintient la conformité à plusieurs réglementations internationales sur la sécurité chimique, notamment:

Règlement	Statut de conformité	Coût annuel de conformité
RECHERCHE (Union européenne)	100% conforme	12,3 millions de dollars
EPA Toxic Substances Control Act	Compliance complète	8,7 millions de dollars
Normes de sécurité chimique de l'OSHA	Adhérent complètement	6,5 millions de dollars

Protection de la propriété intellectuelle

Portfolio de propriété intellectuelle de Huntsman Corporation à partir de 2024:

Catégorie IP	Nombre de brevets	Dépenses annuelles de protection IP
Brevets technologiques chimiques	247	4,2 millions de dollars
Brevets d'innovation en polymère	189	3,6 millions de dollars
Brevets de processus de fabrication	136	2,9 millions de dollars

Risques potentiels en matière de litige

Exposition actuelle au litige pour Huntsman Corporation:

Catégorie de litige	Cas actifs	Réserves légales estimées
Responsabilité environnementale	12	37,5 millions de dollars
Réclamations de sécurité des produits	8	22,3 millions de dollars
Contests de sécurité en milieu de travail	5	14,6 millions de dollars

Exigences internationales de contrôle du commerce et des exportations

Mesures de conformité au commerce international de Huntsman Corporation:

Juridiction de contrôle des exportations	Note de conformité	Coût annuel de conformité réglementaire
Règlement sur l'exportation des États-Unis	99,8% conforme	5,7 millions de dollars
Règlement sur le commerce de l'Union européenne	100% conforme	4,3 millions de dollars
Conformité au commerce asiatique	99,5% conforme	3,9 millions de dollars

Huntsman Corporation (HUN) - Analyse du pilon: facteurs environnementaux

Engagé à réduire les émissions de carbone et l'empreinte des gaz à effet de serre

Huntsman Corporation a rapporté un Réduction de 30% des émissions de gaz à effet de serre absolues De 2018 à 2022. Les émissions totales de gaz à effet de serre de la société en 2022 étaient de 2,84 millions de tonnes métriques CO2 équivalent.

Année	Émissions de gaz à effet de serre (tonnes métriques CO2E)	Pourcentage de réduction
2018	4,06 millions	Base de base
2022	2,84 millions	30%

Mise en œuvre des principes d'économie circulaire dans la fabrication de produits chimiques

En 2023, Huntsman a investi 45 millions de dollars dans les initiatives de l'économie circulaire, en se concentrant sur:

• Technologies de réduction des déchets
• Recyclage des infrastructures
• Développement matériel durable

Investissement en économie circulaire	Montant	Domaines de concentration
2023 Investissement	45 millions de dollars	3 initiatives principales

Développer des alternatives de produits chimiques durables et respectueuses de l'environnement

Huntsman a lancé 12 nouvelles gammes de produits durables en 2022, représentant 18% du portefeuille de produits totaux. Ces alternatives écologiques ont généré 387 millions de dollars de revenus.

Métriques de produits durables	2022 données
Nouvelles gammes de produits durables	12
Pourcentage de portefeuille	18%
Revenus de produits durables	387 millions de dollars

Investir dans des énergies renouvelables et des infrastructures technologiques vertes

Huntsman engagé à Sourignage de 50% d'énergie provenant de sources renouvelables d'ici 2030. L'investissement actuel des énergies renouvelables s'élève à 78 millions de dollars, avec des projets solaires et éoliens dans 4 emplacements de fabrication.

Investissement d'énergie renouvelable	Montant	Année cible
Investissement actuel	78 millions de dollars	2023
Cible d'énergie renouvelable	50% de l'énergie totale	2030
Projets renouvelables actifs	4 emplacements de fabrication	Solaire et vent

Huntsman Corporation (HUN) - PESTLE Analysis: Social factors

Growing consumer demand for sustainable and bio-based chemical products

The shift in consumer and industrial purchasing toward sustainable and circular economy products is a major tailwind for Huntsman Corporation's differentiated portfolio. You see this pressure not just from end-users but also from major industrial customers who need to meet their own net-zero commitments. Huntsman is responding with tangible, bio-based solutions, which is defintely the right move.

For instance, the Polyurethanes segment, which accounted for 38% of Adjusted EBITDA for the LTM ending 3Q25, is strategically focused on this trend. The company's Thermoplastic Polyurethane (TPU) production sites have achieved ISCC+ certification, which is a critical step in demonstrating compliance with mass-balance accounting for sustainable raw materials. This is a direct answer to the market's demand for verified sustainable sourcing.

Furthermore, the company's subsidiary, HBS, is actively converting low-quality PET plastic bottles into high-performance, energy-saving polyurethane insulation systems for construction. This circular economy model directly addresses the social demand for waste reduction while providing a product that cuts energy consumption in homes and buildings.

Increased scrutiny on worker safety and ethical sourcing in the global supply chain

The chemical industry operates under intense public and regulatory scrutiny, and Huntsman Corporation's social license to operate hinges on its safety record and supply chain transparency. The company's commitment is formalized in its Horizon 2025 targets, which are aligned with the global Responsible Care® initiative. For a specialty chemical manufacturer, safety metrics are a leading indicator of operational discipline.

The most critical safety targets for 2025 focus on eliminating severe incidents. This is not just a moral obligation; a single major process safety event can wipe out an entire year's profit and permanently damage brand equity.

Here's the quick math on their safety focus, showing the clear targets they are working toward:

Safety Metric (Horizon 2025 Target)	Goal	Significance
Life-Impacting or Fatal Events (LIFE)	Zero	Absolute elimination of debilitating injuries or deaths.
Tier 1 Process Safety Incidents	Zero	Elimination of unplanned releases with severe consequences (e.g., major facility damage).
Tier 2 Process Safety Incidents	<0.15	Target for less severe, yet still recordable, unplanned releases.

On ethical sourcing, the company is engaging suppliers and service providers-which represent an estimated two-thirds of its non-product use Scope 3 emissions-to establish their own carbon-neutral goals by 2027. This pushes social and environmental responsibility deep into the supply chain, which is what key investors and non-governmental organizations (NGOs) now expect.

Demographic shifts in Asia and North America drive demand for specific materials (e.g., insulation)

Demographic and lifestyle shifts are translating directly into demand for Huntsman's materials, particularly in the construction and automotive sectors. In North America, the focus on residential housing and energy efficiency standards is driving the market for insulation products. In Asia, rapid urbanization and infrastructure development are the primary drivers.

Looking at the second quarter of 2025, the Polyurethanes division saw a clear regional split in construction-related revenue:

• North America accounted for approximately 40% of total construction revenue, primarily driven by residential housing demand.
• Asia contributed approximately 20% of total construction revenue, focused mainly on infrastructure and commercial markets.

The good news is that volume in the insulation and automotive businesses in Asia showed growth in Q2 2025, which helped offset weaker performance in other Asian markets. This highlights a clear opportunity: as Asia's middle class expands, demand for better-insulated, more comfortable homes and lighter, more fuel-efficient vehicles will continue to grow, directly benefiting Huntsman's advanced materials.

Pressure from investors and NGOs for transparent Environmental, Social, and Governance (ESG) reporting

Investor pressure for transparent and comparable ESG data is no longer a niche issue; it's a core component of capital allocation decisions. Huntsman has responded by achieving 60% collective progress on its near-term Horizon 2025 targets, demonstrating tangible movement toward its goals. This progress is essential for maintaining a favorable cost of capital.

The company provides disclosures against major global frameworks, including the Task Force on Climate-related Financial Disclosures (TCFD), the Global Reporting Initiative (GRI), and the Sustainability Accounting Standards Board (SASB). Plus, they get third-party limited assurance on their operational greenhouse gas emissions (Scope 1 and 2) and water consumption, which is a key credibility booster.

The regulatory landscape, particularly in Europe, is adding significant external pressure. The EU's Corporate Sustainability Reporting Directive (CSRD) is set to impact a substantial number of companies with EU operations, including US-based firms like Huntsman. Failure to comply with these new, detailed reporting requirements on pollution, biodiversity, and business conduct could lead to financial liabilities and serious reputational risks. This is a very real, near-term compliance challenge.

Huntsman Corporation (HUN) - PESTLE Analysis: Technological factors

Significant R&D focus on advanced materials, like polyurethanes for energy efficiency.

Huntsman Corporation's core technological advantage is rooted in its extensive research and development (R&D) of differentiated materials, particularly MDI-based polyurethanes. This focus is directly tied to the global megatrend of energy efficiency, which is a major driver for the Polyurethanes segment, a business that generated approximately $3.8 billion in Sales Revenue for the last twelve months ending Q3 2025.

The company maintains a significant, though constrained, investment in innovation. Huntsman's latest twelve months R&D expenses stand at approximately $122 million, a critical spend that fuels their advanced material pipeline. This investment translates into products like Huntsman Building Solutions' spray foam insulation, which is engineered to reduce heating and cooling loads in buildings by up to 50%, providing a clear, measurable energy-saving benefit to customers.

Here's the quick math: that 50% energy-load reduction is a powerful sales tool against rising energy costs. We are defintely seeing a strong market pull for these high-performance, insulating materials, which are the most effective thermal insulants available.

Digital transformation of manufacturing (Industry 4.0) to optimize production and reduce waste.

While the broader chemical industry pushes toward full-scale digital transformation (Industry 4.0), Huntsman's current technological initiatives are centered on operational efficiency and collaboration in a challenging economic cycle. The company's full-year 2025 Capital Expenditures (CapEx) are projected to be in the range of $170 million to $180 million, a significant portion of which is prudently allocated to maintaining and optimizing existing operations for efficiency and cash preservation.

A key strategic move is the Technology Portal, a platform launched to foster external collaboration, including a dedicated 'Manufacturing Solutions' route. This is how they streamline new product scale-up and industrialization by working with outside expertise, rather than relying solely on internal capacity. The focus is on making the manufacturing process itself a competitive advantage, ensuring products are made efficiently and with minimal waste.

Technological Investment Area	2025 Focus / Metric	Strategic Impact
R&D Expense (LTM)	Approximately $122 million	Sustaining product differentiation and market leadership in polyurethanes.
Capital Expenditures (FY 2025)	$170 million to $180 million	Operational efficiency, maintenance, and strategic capacity upgrades.
Digital/Manufacturing Solutions	Technology Portal for external collaboration	Accelerating product-to-market cycle times and optimizing manufacturing processes.

Innovation in composite materials to replace traditional metals in automotive and aerospace.

The Advanced Materials segment is heavily invested in developing lightweight composite materials, which are essential for reducing mass and improving fuel efficiency in the transportation sector. The global advanced composite materials market size was valued at $45.39 billion in 2025 and is projected to grow substantially, indicating a clear, long-term opportunity for Huntsman.

Huntsman's composite resin systems are designed to replace traditional metals in high-performance applications. For example, in the automotive sector, their composite solutions for leaf springs can be up to five times more durable than a steel spring, while significantly reducing unsprung weight. In aerospace, their materials are qualified to stringent OEM specifications (like Boeing and Airbus) and are used for light-weighting components, which directly lowers operational costs for airlines.

The company also continues to invest in next-generation materials like MIRALON®, a carbon nanotube technology, signaling a commitment to ultra-lightweight, high-strength solutions. Still, the Advanced Materials segment saw a 25% lower Aerospace sales volume in Q2 2025, which shows that even superior technology is not immune to cyclical industry headwinds.

Development of new low-VOC (Volatile Organic Compound) and non-toxic formulations to meet regulations.

Technological innovation is increasingly driven by regulatory compliance and sustainability targets. Huntsman's Horizon 2025 strategy is aligned with the American Chemistry Council's Responsible Care® initiative, focusing on environment, health, and safety.

The company has achieved 60% collective progress on its near-term Horizon 2025 targets. This includes a concrete goal of achieving a 10% reduction in energy consumption and Scope 1 and 2 Greenhouse Gas (GHG) emissions intensity by the end of 2025, using a 2019 baseline. This means their process technology must evolve to be less energy-intensive.

Product development is focused on safer chemistry, with the Advanced Materials portfolio specifically offering formulations with low-VOC and reduced environmental impact. This is not just a regulatory hurdle; it is a market-driven opportunity as customers prioritize sustainable solutions.

• Target a 10% reduction in GHG emissions intensity by 2025 (from 2019 baseline).
• Achieved 60% collective progress on Horizon 2025 sustainability goals.
• Develop low-VOC and non-toxic formulations to meet stricter global environmental standards.

Huntsman Corporation (HUN) - PESTLE Analysis: Legal factors

Compliance with the EU's REACH and Stricter US EPA Rules

You can't run a global specialty chemicals business without navigating a minefield of environmental regulations, and Huntsman Corporation is no exception. The EU's Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH) framework is defintely the most complex and costly non-financial compliance hurdle globally, requiring continuous substance testing and data submission for all products sold in the European Economic Area.

In the US, the overhaul of the Toxic Substances Control Act (TSCA) by the Environmental Protection Agency (EPA) means stricter rules on chemical substance registration, use, and risk evaluation. Honestly, the biggest impact here isn't just the direct cost, but the uncertainty, as new chemical reviews are taking far longer than the statutory 90-day timeframe, which creates a real barrier to innovation.

To manage this, Huntsman Corporation is actively spending on compliance-related capital improvements. For the first six months of 2025, capital expenditures from continuing operations for Environmental, Health, and Safety (EHS) matters totaled $15 million, a 50% increase from the $10 million spent in the same period of 2024. This shows a clear, near-term escalation in mandatory compliance spending.

Increased Litigation Risk Related to Legacy Contamination and Product Liability Claims

The chemical industry always carries a tail of legacy environmental contamination, and that risk is a permanent fixture on the balance sheet. Huntsman Corporation manages this exposure through specific financial accruals (reserves) for anticipated cleanup obligations, site reclamation, and known penalties.

As of June 30, 2025, the company had accrued $15 million in environmental liabilities for anticipated cleanup obligations and site reclamation, consistent with the reserve level at the end of 2024. This reserve covers remediation liabilities that may be payable over periods up to 30 years, including ongoing requirements at sites like the Geismar, Louisiana facility under the Resource Conservation and Recovery Act (RCRA).

Still, the company has seen some positive legal resolutions in 2025 that offset other costs. For instance, the Performance Products division benefited from the reversal of non-cash loss contingency accruals totaling $14 million over the second and third quarters of 2025. This includes a $7 million reversal in Q2 2025 and an additional $7 million reversal in Q3 2025 related to a successfully settled commercial dispute, meaning that specific threat is now gone.

Huntsman Corporation - Key Litigation and Environmental Financial Data (2025)

Metric	Amount (In Millions USD)	Period/Status
Environmental Liabilities Accrued	$15 million	As of June 30, 2025 (Reserve for cleanup/reclamation)
EHS Capital Expenditures	$15 million	Six Months Ended June 30, 2025 (Mandatory compliance spending)
Non-Cash Loss Contingency Reversal (Q2 2025)	$7 million	Q2 2025 (Performance Products)
Non-Cash Loss Contingency Reversal (Q3 2025)	$7 million	Q3 2025 (Commercial Dispute Settlement)

Antitrust Scrutiny on Global Mergers and Acquisitions (M&A)

In the specialty chemicals sector, global M&A is always subject to intense antitrust scrutiny from bodies like the US Federal Trade Commission (FTC) and the European Commission (EC). The trend is toward longer, more demanding reviews, especially for deals that consolidate market share in niche product lines.

While Huntsman Corporation has not announced a major acquisition facing antitrust review in 2025, their strategic actions reflect a focus on rationalizing assets, which is the flip side of M&A. This is a crucial strategic move to simplify the portfolio and exit non-core, underperforming, or geographically challenging businesses.

A concrete example of this strategic legal/operational action is the closure of the European Maleic Anhydride facility in Moers, Germany, announced in May 2025. This decision, which followed a strategic review, is expected to result in a one-time non-cash asset impairment charge of approximately $75 million in the second quarter of 2025. This move eliminates a business that generated an adjusted EBITDA loss of approximately $10 million in 2024, cutting off a drag on performance and simplifying the company's regulatory footprint in the challenging European market.

The key takeaway is that the legal and regulatory environment is currently pushing action toward internal restructuring and divestiture, not large-scale, complex acquisitions that invite antitrust scrutiny.

• Antitrust risk is high, favoring internal rationalization over M&A.
• Moers, Germany facility closure incurred a $75 million non-cash asset impairment charge.
• This strategic move simplifies the European regulatory and operational complexity.

Huntsman Corporation (HUN) - PESTLE Analysis: Environmental factors

Carbon border adjustments (CBAM) in the EU will impact export costs from high-emission regions.

The European Union's Carbon Border Adjustment Mechanism (CBAM) poses a significant, near-term reporting burden and a clear future financial risk, even though the full cost won't hit until 2026. Right now, in 2025, you are in the transitional phase, meaning Huntsman Corporation's EU importers must report the embedded carbon emissions of certain goods, but they don't have to pay the carbon price yet.

The real risk for Huntsman Corporation is twofold: first, the administrative complexity of tracking and reporting emissions from non-EU sites, and second, the eventual cost on imports of carbon-intensive raw materials. While the initial CBAM scope covers sectors like steel and hydrogen, the chemical industry is deeply intertwined with these supply chains. This will force a strategic review of sourcing, especially for products shipped from high-emission regions outside the EU to Huntsman Corporation's 20 sites across the EU and UK.

Here's the quick math: CBAM is expected to generate over $9 billion a year in revenues from all targeted sectors by 2030. If your non-EU production doesn't decarbonize, your European customers will defintely face higher costs, making your products less competitive against lower-carbon EU-produced or imported alternatives.

High capital investment required to meet internal 2030 greenhouse gas (GHG) reduction targets.

Huntsman Corporation is committed to its Horizon 2025 targets, which require substantial capital investment to meet its environmental goals. The company's goal is a 10% reduction in Scope 1 and 2 greenhouse gas (GHG) emissions intensity and energy consumption intensity by the end of 2025, using a 2019 baseline. As of 2024, the company reported achieving 60.1% of the planned reduction, showing solid progress but still requiring a final push in 2025.

For the full fiscal year 2025, Huntsman Corporation is projecting total capital expenditures (CapEx) to be at the lower end of the $180 million to $190 million range. A significant portion of this is non-discretionary: approximately $150 million is allocated to critical maintenance, safety, and mandatory environmental spend. This mandatory spend is the capital required to maintain compliance and execute on the near-term GHG reduction projects.

The long-term aspiration is even more demanding, with a goal of carbon neutrality by 2050 for Scope 1 and 2 emissions. This means the current CapEx level is just the start of a multi-decade investment cycle.

Environmental Target Metric	Target (2025)	Progress (as of 2024)	2025 CapEx Implication
Scope 1 & 2 GHG Emissions Intensity Reduction	10% (vs. 2019 baseline)	60.1% achieved	Part of the $150 million mandatory environmental spend.
Energy Consumption Intensity Reduction	10% (vs. 2019 baseline)	On Track	Projects focused on operational efficiency.
Long-Term Aspiration	Carbon Neutrality (by 2050)	Strategy Development	Signals a long-term, multi-billion dollar investment pipeline.

Focus on circular economy principles, driving demand for chemical recycling technologies.

The shift to a circular economy is a major opportunity, not just a compliance issue. Huntsman Corporation is actively embracing a circular mindset, focusing on resource conservation and upcycling materials. This is particularly relevant in its Polyurethanes segment, where the market is pushing for chemical recycling solutions.

The demand is real: the European specialty chemicals market, where Huntsman Corporation is a key player, is seeing significant public and private investment in advanced recycling. For example, the EU's Innovation Fund granted €280 million in 2024 to seven chemical recycling projects, with a specific focus on polyurethanes and composites. This external funding validates the technology path.

Huntsman Corporation's strategy is to integrate these principles into its product portfolio:

• Develop bio-based and recycled raw materials.
• Manufacture high-performance polymers for lightweighting in cars and airplanes.
• Increase sales of bio-based polyols for insulation foams, a segment seeing a 33% year-on-year increase in some EU markets.

This focus is a critical competitive differentiator, allowing the company to capture premium pricing for lower-emission, circular products that meet major corporate sustainability commitments.

Water usage restrictions in drought-prone manufacturing regions (e.g., Texas, China).

Water scarcity is a growing operational risk, especially in regions critical to Huntsman Corporation's manufacturing footprint. The company has a near-term target of a 5% reduction in net water usage at its facilities located in water-stressed regions by the end of 2025.

The risk materialized in the US in May 2025, when a mandatory Stage 4 water restriction was implemented by the local water provider (WCID 1) in Texas, a key manufacturing and operational region. This mandate required a minimum 30% reduction in total water usage for the affected area. Such restrictions can directly impact chemical manufacturing, which is highly water-intensive for cooling and process use, forcing temporary production cuts or turnarounds.

In the Asia Pacific region, which accounted for approximately 20% of Huntsman Corporation's second quarter 2025 construction revenue, the risk remains high. While specific 2025 restrictions are localized, the general trend of water stress in major industrial hubs in China, coupled with a reported production turnaround at the Shanghai MDI unit in May 2025, highlights the ongoing vulnerability of operations to resource constraints and regulatory pressures.