The company was founded on 1 October 1997 by Huntsman Corporation and RWE-DEA Aktiengesellschaft fuer Mineraloel und Chemie (Condea).

In 2001 Sasol acquired Condea Chemie and took over also Condea's share in this joint venture.  Sasol and Huntsman retained equal shares in this joint venture for long.

On 30 September 2019 Huntsman completed the purchase of the remaining 50 % interest in the Sasol-Huntsman Joint-Venture. The company changed its name to Huntsman Products GmbH & Co. KG in October 2019..

The purchase provides Huntsman the flexibility to fully integrate the European MAN plants and business into its worldwide footprint, thereby better servicing the global customer base.