Albemarle Corp - Company Profile
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Business Description
Albemarle Corp (Albemarle) is a specialty chemical manufacturer and marketer. It develops, manufactures and markets highly-engineered value added products.
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R&D Overview
The company’s R&D focuses on process and product improvements and specialized customer services. It aims to develop innovative chemistries and technologies with applications relevant within targeted key markets through both process and new product development. Through research and development, company intends to increase margins by introducing value-added products and proprietary processes and innovative green chemistry technologies. It operates R&D facilities in US and the Netherlands. In FY2022, it spent US$72 million on R&D, which stood at 1.0% of its revenue and increased 33% YoY. As of December 2022, the company owned nearly 2,100 active patents and around 500 pending patent applications in key markets worldwide.
Business Segments
Overview
Includes products used in fire safety solutions as well as other specialty chemicals applications. Specialty chemical products include alkyl bromides, elemental bromine, brominated powdered activated carbon, inorganic bromides and various bromine fine chemicals. Also manufactures and markets, tertiary amines for surfactants, biocides, as well as disinfectants and sanitizers. Its products are used in printed circuit boards, plastic enclosures for consumer electronics, electrical connectors, wire and cable products, textiles and foam insulation. The specialty products are used in gas and oil well drilling and completion fluids, chemical synthesis, water purification, mercury control, beef and poultry processing and numerous other industrial applications.
Performance
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Overview
Product lines include clean fuels technologies (CFT), fluidized catalytic cracking (FCC) catalysts, performance catalyst solutions (PCS). Offering of CFT comprises hydroprocessing catalysts (HPC), isomerization and akylation catalysts. HPC products are used throughout the oil refining industry. FCC offers customized FCC catalyst systems. PCS offering includes organometallics and curatives. Its organometallic co-catalysts are used in the manufacturing of alpha-olefins, polyolefins and electronics. Curing agents are used in polyurethanes, epoxies as well as other engineered resins.
Performance
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Overview
Develops and markets basic lithium compounds and value-added lithium specialties and reagents for numerous industries and end markets. Its product portfolio includes lithium hydroxide, lithium carbonate, lithium chloride, butyllithium and lithium aluminum hydride. These products are used in lithium batteries used in electric vehicles and consumer electronics, high performance greases, thermoplastic elastomers for car tires, plastic bottles and rubber soles, catalysts for chemical reactions, organic synthesis processes, various life science applications and intermediates in the pharmaceutical industry. It manufactures cesium products for the pharmaceutical and chemical industries; and barium, zirconium and titanium products for several pyrotechnical applications, including airbag initiators. It also offers technical services, customers recycling services, lithium metal and other reagents.
Performance
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Geographical Segments
Performance
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Performance
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