CENTER FOR THE POLYURETHANE INDUSTRY ANNOUNCES DEMILEC AS A FINALIST FOR 2018 POLYURETHANE INNOVATION AWARD

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CENTER FOR THE POLYURETHANE INDUSTRY ANNOUNCES DEMILEC AS A FINALIST FOR 2018 POLYURETHANE INNOVATION AWARD

ARLINGTON, TX (SEPTEMBER 25, 2018) - Demilec (USA) Inc.’s Heatlok HFO has been selected as a finalist for the Center for the Polyurethane Industry (CPI) Innovation Award. The award provides the opportunity to recognize companies and individuals who have made noteworthy achievements within the industry during the past 12 months.

The award honors Demilec’s Heatlok HFO, which delivers a zero-ODP, ultra-low GWP and high renewable and recyclable closed cell foam for the insulation industry. Heatlok HFO High Lift, with its R-7.5/inch, innovates for the residential builder. Heatlok HFO Pro, at R-7.4/inch, creates a Class II vapor retarder, air/water barrier, and thermal insulation at 1 inch, which is an ideal solution for commercial buildings.

Manufactured with Soya Oil and PET, Heatlok HFO resin delivers 19% renewable and 6% recyclable content. The use of PET also provides flame resistance, delivering a 12-flame spread for Heatlok HFO foam.

Heatlok HFO High Lift delivers a more advanced foam performance for the residential market. Contractors reported indicated yields of 5,200 board feet at 2 pounds per cubic foot. Due to the 1,000-lb. set weight, Heatlok HFO High Lift transforms 87% of its formula mass into foam. Combined with an industry-leading R value of 7.5/inch, a contractor can now spray an R-49 cathedral ceiling in a single application, which in turn has reduced job site time.

Although the R-value at 1 inch and dimensional stability are not sufficient for the commercial construction industry, Demilec created a second formulation; Heatlok HFO Pro. It was designed on a molecular level to specifically address the challenges of today’s building envelope. Heatlok HFO Pro has a 98% closed cell content, which delivers 0.91 perms improved dimensional stability and an R 7.4 at 1-inch depth to assure moisture vapor control within the exterior cavity.

“Demilec is honored to be a finalist for the CPI Innovation award, as this award is steeped in tradition and excellence. In bringing an HFO blown closed cell to the market prior to the mandatory transition, Demilec strove to develop a closed cell foam ready for the building envelope requirements of the future while delivering value to the contractor today,” said Doug Brady, Vice President Innovation and Marketing, Demilec. “Heatlok HFO demonstrates leveraging strong polyurethane innovation into stronger polyurethane products.”

For the 2018 Polyurethane Innovation Award, judges selected three Polyurethane Innovation Award finalists based on impact on the polyurethanes industry, uniqueness of the innovation, quality of the science and societal impact. Attendees will vote in favor for one innovation at the 2018 Polyurethanes Technical Conference on Oct. 1-3 in Atlanta. A winner will be announced during the closing session on Oct. 3.

About Demilec, Inc.:

Demilec, Inc., a subsidiary of Huntsman Corp., has been recognized as an industry leader in using innovative technology and advanced science to create a line of open-cell and closed-cell spray foam insulation and coatings for more than 33 years. Demilec focuses on meeting market demands for more energy-efficient products and serves a range of industries, including industrial, residential, commercial, agricultural, original equipment manufacturer, education, water, oil and gas, energy, military, and civil. For more information, visit www.demilec.com.

Forward-Looking Statements:
Certain information in this release constitutes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. 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 under the caption "Risk Factors" 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, volatile global economic conditions, cyclical and volatile product markets, disruptions in production at manufacturing facilities, reorganization or restructuring of Huntsman’s operations, including any delay of, or other negative developments affecting the ability to implement cost reductions and manufacturing optimization improvements in Huntsman businesses and realize anticipated cost savings, and other financial, economic, competitive, environmental, political, legal, regulatory and technological factors. The company assumes no obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by applicable laws.

Demilec warrants only that its products meet the specifications stated herein, if any. Typical properties, where stated, are to be considered as representative of current production and should not be treated as specifications. While all the information presented in this document is believed to be reliable and to represent the best available data on these products, DEMILEC MAKES NO WARRANTY OR GUARANTEE OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF ANY INTELLECTUAL PROPERTY RIGHT OF ANY THIRD PARTY, OR WARRANTIES AS TO QUALITY OR CORRESPONDENCE WITH PRIOR DESCRIPTION OR SAMPLE, AND ANY USER OF PRODUCTS DESCRIBED HEREIN SHOULD CONDUCT A SUFFICIENT INVESTIGATION TO ESTABLISH THE SUITABILITY OF ANY PRODUCT FOR ITS INTENDED USE AND ASSUMES ALL RISK AND LIABILITY WHATSOEVER RESULTING FROM THE USE OF SUCH PRODUCT, WHETHER USED SINGLY OR IN COMBINATION WITH OTHER SUBSTANCES. Product(s) described in this publication may be hazardous and/or toxic and require special precautions in handling. For all product(s) described herein, the user should obtain from Demilec detailed information on hazards and/or toxicity, together with proper shipping, handling, and storage procedures, and should comply with all applicable safety and environmental standards. The behavior, hazards and/or toxicity of the product(s) referred to in this publication in manufacturing processes and their suitability in any given end-use environment are dependent upon various conditions such as chemical compatibility, temperature, and other variables, which may not be known to Demilec. It is the sole responsibility of the user of such product(s) to evaluate the manufacturing circumstances and the final product(s) under actual end-use requirements and to adequately advise and warn future purchasers and users thereof.

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