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Exhibit 25.1

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549



FORM T-1

STATEMENT OF ELIGIBILITY
UNDER THE TRUST INDENTURE ACT OF 1939 OF A
CORPORATION DESIGNATED TO ACT AS TRUSTEE



o    CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTEE PURSUANT TO SECTION 305(b)(2)

WELLS FARGO BANK, NATIONAL ASSOCIATION
(Exact name of trustee as specified in its charter)

A National Banking Association   94-1347393
(Jurisdiction of incorporation or
organization if not a U.S. national bank)
  (I.R.S. Employer
Identification No.)

 

 
101 North Phillips Avenue    
Sioux Falls, South Dakota   57104
(Address of principal executive offices)   (Zip code)

Wells Fargo & Company
Law Department, Trust Section
MAC N9305-175
Sixth Street and Marquette Avenue, 17th Floor
Minneapolis, Minnesota 55479
(612) 667-4608
(Name, address and telephone number of agent for service)



Huntsman International LLC(1)
(Exact name of obligor as specified in its charter)

Delaware   87-0630358
(State or other jurisdiction of
incorporation or organization)
  (I.R.S. Employer
Identification No.)

 

 
500 Huntsman Way    
Salt Lake City, Utah   84108
(Address of principal executive offices)   (Zip code)



Huntsman International LLC(1)
$350,000,000
85/8% Senior Subordinated Notes due 2020
(Title of the indenture securities)

(1)
See Table 1—List of additional obligors

Table 1

Exact Name of Additional Registrants*
  Jurisdiction of
Incorporation/Organization
  I.R.S. Employer
Identification Number
 

Airstar Corporation

  Utah     87-0457111  

Huntsman Advanced Materials Americas LLC

 

Delaware

   
52-2215309
 

Huntsman Advanced Materials LLC

 

Delaware

   
92-0194012
 

Huntsman Australia Inc. 

 

Utah

   
87-0510821
 

Huntsman Chemical Purchasing Corporation

 

Utah

   
87-0568517
 

Huntsman Enterprises, Inc. 

 

Utah

   
87-0562447
 

Huntsman Ethyleneamines LLC

 

Texas

   
87-0668124
 

Huntsman Fuels LLC

 

Texas

   
91-2085706
 

Huntsman International Financial LLC

 

Delaware

   
87-0632917
 

Huntsman International Fuels LLC

 

Texas

   
91-2073796
 

Huntsman International Trading Corporation

 

Delaware

   
87-0522263
 

Huntsman MA Investment Corporation

 

Utah

   
87-0564509
 

Huntsman MA Services Corporation

 

Utah

   
87-0661851
 

Huntsman Petrochemical LLC

 

Delaware

   
58-1594518
 

Huntsman Petrochemical Purchasing Corporation

 

Utah

   
87-0568520
 

Huntsman Procurement Corporation

 

Utah

   
87-0644129
 

Huntsman Propylene Oxide LLC

 

Texas

   
91-2073797
 

Huntsman Purchasing, Ltd. 

 

Utah

   
84-1370346
 

Polymer Materials Inc. 

 

Utah

   
87-0432897
 

Tioxide Americas Inc. 

 

Cayman Islands

   
98-0015568
 

Tioxide Group

 

U.K.

   
98-0207605
 

*
Address and telephone number of principal executive office are the same as those of Huntsman International LLC.

Item 1.    General Information.    Furnish the following information as to the trustee:

Item 2.    Affiliations with Obligor.    If the obligor is an affiliate of the trustee, describe each such affiliation.

        None with respect to the trustee.

No responses are included for Items 3-14 of this Form T-1 because the obligor is not in default as provided under Item 13.

Item 15.    Foreign Trustee.    Not applicable.

Item 16.    List of Exhibits.    List below all exhibits filed as a part of this Statement of Eligibility.

  Exhibit 1.   A copy of the Articles of Association of the trustee now in effect.*

 

Exhibit 2.

 

A copy of the Comptroller of the Currency Certificate of CorporateExistence and Fiduciary Powers for Wells Fargo Bank, National Association, dated February 4, 2004.**

 

Exhibit 3.

 

See Exhibit 2

 

Exhibit 4.

 

Copy of By-laws of the trustee as now in effect.***

 

Exhibit 5.

 

Not applicable.

 

Exhibit 6.

 

The consent of the trustee required by Section 321(b) of the Act.

 

Exhibit 7.

 

A copy of the latest report of condition of the trustee published pursuant to law or the requirements of its supervising or examining authority.

 

Exhibit 8.

 

Not applicable.

 

Exhibit 9.

 

Not applicable.

*
Incorporated by reference to the exhibit of the same number to the trustee's Form T-1 filed as exhibit 25 to the Form S-4 dated December 30, 2005 of file number 333-130784-06.

**
Incorporated by reference to the exhibit of the same number to the trustee's Form T-1 filed as exhibit 25 to the Form T-3 dated March 3, 2004 of file number 022-28721.

***
Incorporated by reference to the exhibit of the same number to the trustee's Form T-1 filed as exhibit 25 to the Form S-4 dated May 26, 2005 of file number 333-125274.

SIGNATURE

        Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the trustee, Wells Fargo Bank, National Association, a national banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of Minneapolis and State of Minnesota on the 17th day of June, 2010.


 

 

WELLS FARGO BANK, NATIONAL ASSOCIATION

 

 

/s/ LYNN M. STEINER

Lynn M. Steiner
Vice President

EXHIBIT 6

June 17, 2010

Securities and Exchange Commission
Washington, D.C. 20549

Gentlemen:

        In accordance with Section 321(b) of the Trust Indenture Act of 1939, as amended, the undersigned hereby consents that reports of examination of the undersigned made by Federal, State, Territorial, or District authorities authorized to make such examination may be furnished by such authorities to the Securities and Exchange Commission upon its request therefor.


 

 

Very truly yours,

 

 

WELLS FARGO BANK, NATIONAL ASSOCIATION

 

 

/s/ LYNN M. STEINER

Lynn M. Steiner
Vice President

Exhibit 7

Consolidated Report of Condition of

Wells Fargo Bank National Association
of 101 North Phillips Avenue, Sioux Falls, SD 57104
And Foreign and Domestic Subsidiaries,
at the close of business March 31, 2010, filed in accordance with 12 U.S.C. §161 for National Banks.

 
   
  Dollar Amounts
In Millions
 

ASSETS

             

Cash and balances due from depository institutions:

             
 

Noninterest-bearing balances and currency and coin

        $ 16,410  
 

Interest-bearing balances

          44,873  

Securities:

             
 

Held-to-maturity securities

          0  
 

Available-for-sale securities

          140,265  

Federal funds sold and securities purchased under agreements to resell:

             
 

Federal funds sold in domestic offices

          1,091  
 

Securities purchased under agreements to resell

          3,199  

Loans and lease financing receivables:

             
 

Loans and leases held for sale

          25,990  
 

Loans and leases, net of unearned income

    706,137        
 

LESS: Allowance for loan and lease losses

    21,371        
 

Loans and leases, net of unearned income and allowance

          684,766  

Trading Assets

          29,567  

Premises and fixed assets (including capitalized leases)

          8,244  

Other real estate owned

          3,758  

Investments in unconsolidated subsidiaries and associated companies

          536  

Direct and indirect investments in real estate ventures

          121  

Intangible assets

             
 

Goodwill

          21,238  
 

Other intangible assets

          28,750  

Other assets

          57,082  
             

Total assets

        $ 1,065,890  
             

LIABILITIES

             

Deposits:

             
 

In domestic offices

        $ 718,242  
   

Noninterest-bearing

    150,608        
   

Interest-bearing

    567,634        
 

In foreign offices, Edge and Agreement subsidiaries, and IBFs

          85,329  
   

Noninterest-bearing

    1,397        
   

Interest-bearing

    83,932        

Federal funds purchased and securities sold under agreements to repurchase:

             
 

Federal funds purchased in domestic offices

          5,562  
 

Securities sold under agreements to repurchase

          14,003  

Trading liabilities

          10,396  

Other borrowed money

             
 

(includes mortgage indebtedness and obligations under capitalized leases)

          55,783  

Subordinated notes and debentures

          21,583  

Other liabilities

          28,269  
             

Total liabilities

        $ 939,167  

 
   
  Dollar Amounts
In Millions
 

EQUITY CAPITAL

             

Perpetual preferred stock and related surplus 0

             

Common stock

          520  

Surplus (exclude all surplus related to preferred stock)

          98,967  

Retained earnings

          21,137  

Accumulated other comprehensive income

          4,440  

Other equity capital components

          0  
             

Total bank equity capital

          125,064  

Noncontrolling (minority) interests in consolidated subsidiaries

          1,659  
             

Total equity capital

          126,723  
             

Total liabilities, and equity capital

        $ 1,065,890  
             

I, Howard I. Atkins, EVP & CFO of the above-named bank do hereby declare that this Report of Condition has been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and is true to the best of my knowledge and belief.

        Howard I. Atkins
EVP & CFO

We, the undersigned directors, attest to the correctness of this Report of Condition and declare that it has been examined by us and to the best of our knowledge and belief has been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and is true and correct.

John Stumpf   Directors    
Carrie Tolstedt
Michael Loughlin
       



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