Profile: Albemarle Corp (ALB)
27 Oct 2016
Albemarle Corporation, incorporated on November 24, 1993, is a developer, manufacturer and marketer of specialty chemicals across a range of end markets, including the petroleum refining, consumer electronics, energy storage, construction, automotive, steel and aerospace, lubricants, pharmaceuticals, crop protection, household appliances, heating, ventilation, aluminum finishing, food safety and custom chemistry services. The Company operates through three segments: Performance Chemicals, Refining Solutions and Chemetall Surface Treatment.
Performance Chemicals Segment
The Company's Performance Chemicals segment consists of three product categories: Lithium, Performance Catalyst Solutions and Bromine. The Company's Lithium business develops materials for a range of industries and end markets. The Company develops and manufactures a range of basic lithium compounds, including lithium carbonate, lithium hydroxide, lithium chloride, and value-added lithium specialties and reagents, including butyllithium and lithium aluminum hydride. The Company also develops and manufactures cesium products for the chemical and pharmaceutical industries, and zirconium, barium and titanium products for various pyrotechnical applications, including airbag igniters. In addition to developing and supplying lithium compounds, it provides technical services, including the handling and use of reactive lithium products. The Company also offers its customers recycling services for lithium containing by-products resulting from synthesis with organolithium products, lithium metal and other reagents.
The Company's Performance Catalyst Solutions (PCS) has four product lines in its PCS division: polymer catalysts, curatives, organometallics and electronic materials. The Company manufactures organometallic co-catalysts (aluminum, magnesium and zinc alkyls), as well as metallocene components and co-catalysts (methylaluminumoxane, organoborons, metallocene compounds, and finished polymerization catalysts comprising these products). The Company also offers finished single-site catalysts with or without its ActivCat activation technology and a line of Ziegler-Natta catalysts under the Advantage brand. Its co-catalysts and finished catalysts are used in its customers' production of polyolefin polymers. In electronic materials, it manufactures and sells high purity metal organic products into electronic applications, such as the production of light-emitting diodes (LEDs) for displays and general lighting, as well as other products used in the production of solar cells. Its curatives include a range of curing agents used in polyurethanes, epoxies and other engineered resins.
The Company's bromine and bromine-based business includes products used in fire safety solutions and other specialty chemicals applications. The Company's bromine-based business also includes specialty chemicals products, such as elemental bromine, alkyl bromides, inorganic bromides, brominated powdered activated carbon and a number of bromine fine chemicals. Its products are used in chemical synthesis, oil and gas well drilling and completion fluids, mercury control, water purification, beef and poultry processing and various other industrial applications. Other specialty chemicals that it produces include tertiary amines for surfactants, biocides, and disinfectants and sanitizers.
The Company competes with FMC Corporation, Sociedad Quimica y Minera de Chile S.A., SichuanTianqi Lithium, Jiangxi Ganfeng Lithium, Cabot Corporation, Sigma-Aldrich Corporation, AkzoNobel, Chemtura Corporation, W.R. Grace & Co. and Israel Chemicals Ltd.
Refining Solutions Segment
The Company's main product lines in this Refining Solutions segment are Clean Fuels Technologies, which is primarily composed of hydroprocessing catalysts (HPC), and Heavy Oil Upgrading (HOU), which is primarily composed of fluidized catalytic cracking (FCC) catalysts and additives. HPC products are applied throughout the refining industry. Their application enables the upgrading of oil fractions to clean fuels and other usable oil feedstocks and products by removing sulfur, nitrogen and other impurities from the feedstock. FCC catalysts assist in the cracking of less desired refinery petroleum streams into derivative products, such as transportation fuels and petrochemical feedstocks like propylene. Its FCC additives are used to reduce emissions of sulfur dioxide and nitrogen oxide in FCC units and to increase liquefied petroleum gas olefins yield, such as propylene, and to boost octane in gasoline. It offers refinery catalysts to crack and treat the lightest to the heaviest feedstocks while meeting refinery yield and product needs. It offers a range of HPC products and approximately 60 different FCC catalysts and additives products to its customers.
The Company competes with Criterion Catalysts and Technologies, Advanced Refining Technologies, Haldor Topsoe, W.R. Grace & Co., BASF Corporation and China Petrochemical Corporation (Sinopec).
Chemetall Surface Treatment Segment
The Company's Chemetall Surface Treatment segment operates under the Chemetall brand name and is a global supplier of applied surface treatments and services for metal, plastic and glass substrates in a range of industries and end markets. Chemetall Surface Treatment's products are used for various applications and serve the automotive, aerospace, aluminum finishing, coil, cold forming, glass and general industrial markets, including metal fabrication. The Company also provides process control and on-site support at its customers' facilities with local representation around the world.
The Company competes with Henkel, Nihon Parkerizing, PPG Industries and Nippon Paint.
4350 Congress St Ste 700
CHARLOTTE NC 28209-4865
Company Web Links
- BRIEF-Albemarle signs agreement for exclusive exploration, acquisition rights to lithium resource in Argentina
- China's Tianqi Lithium to build $300 mln plant in Australia
- BRIEF-Albemarle Q2 adjusted EPS $0.93 from cont ops
- BASF says must run Chemetall very well to avoid buyer's remorse
- BRIEF-S&P Dow Jones indices says Albemarle, Fortive to join S&P 500