Huntsman Corporation and Wilmar International Limited today announced a Memorandum of Understanding between their respective subsidiaries for Wilmar to build a state-of-the-art natural alcohol plant at Huntsman's chemical site in Rozenburg (Rotterdam, The Netherlands), and to supply natural alcohols to Huntsman. The facility is scheduled to come on stream by 2013. .

The plant will be owned and operated by Wilmar, one of Asia's leading agri-commodities companies and one of the world's largest oleochemicals businesses. The project is subject to receipt of the relevant permits and regulatory approvals. .

Peter Huntsman, President and CEO of Huntsman Corporation, said: "We are delighted to partner with Wilmar at our Rozenburg site, where we already host a number of other enterprises. This project will be mutually beneficial, greatly strengthening the relationship between our two companies and will enable Huntsman to further grow our green chemistry offer."

Kuok Khoon Hong, Chairman and CEO of Wilmar International Limited, said: "Huntsman Rozenburg's 85-hectare site in the Europoort area of Rotterdam is very impressive. It has excellent infrastructure and is located at the heart of the world's second largest industrial area. We look forward to being more involved in the local chemical community and strengthening our foothold in Europe, including for bio-based chemicals, with a brand new natural alcohol plant."