Huntsman , an American chemicals group, is looking to buy chemical plants in China with part of a $2.7 billion compensation package, said senior executive Paul Hulme in a Financial Times interview on Monday.

We are looking for potential acquisitions. The obvious place to look was China, said Hulme, Huntsman Textile Effects division global president.

The firm is assessing a range of Chinese-owned assets alongside others belonging to European firms Clariant and BASF -- who have indicated they may be willing to sell -- the report said.

Huntsman was very liquid according to Hulme after receiving a compensation payout over the collapse of a private equity backed buy-out by Hexion last year.

(Reporting by William James; editing by Marguerita Choy)