Huntsman: Natural gas surcharge on MDI sales in Europe

On 22 September 2021, Huntsman Corporation announced that it was implementing a natural gas surcharge of EUR 125 per tonne on all sales of MDI in Europe, Africa, the Middle East and India, in response to the unfortunate and unprecedented natural gas price increases in the region. The surcharge will be effective 1 October 2021 and is in addition to any previously announced MDI price increases, said the company.

According to Huntsman, European natural gas prices have risen to record levels in recent months driven by the combination of structural changes in European energy sources and generation. The unprecedented cost of natural gas, already more than three times historic levels and continuing to rise, has adversely affected the energy inputs, intermediates, and multiple feedstock costs incurred in the company’s MDI production.

Tony Hankins, President of Huntsman's Polyurethanes division, said: "Huntsman is already working with its customers to manage the impact of the surcharge, which was necessary to respond to the unexpected and unprecedented increase in our production costs."

www.huntsman.com