Profile: Albemarle Corp (ALB.N)
30 Jul 2014
Albemarle Corporation (Albemarle), incorporated in 1993, is a developer, manufacturer and marketer of specialty chemicals, which meet customer needs across a range of end markets, including the petroleum refining, consumer electronics, plastics/packaging, construction, automotive, lubricants, pharmaceuticals, crop protection, food-safety and custom chemistry services markets. As of December 31, 2011, the Company and its joint ventures operated 50 facilities, encompassing production, research and development facilities, and administrative and sales offices in North and South America, Europe, the Middle East, Asia, Africa and Australia. It serves approximately 3,000 customers in over 100 countries. It operates in three segments: Polymer Solutions, Catalysts and Fine Chemistry. On May 11, 2011, the Company acquired Catilin Inc. In October 2013, Albemarle Corp acquired Cambridge Chemical Co Ltd.
The Company’s Polymer Solutions segment consists of two product market categories: flame retardants and stabilizers and curatives. Its products include plastic enclosures for consumer electronics, printed circuit boards, wire and cable, electrical connectors, textiles, foam insulation, and foam seating in furniture and automobiles. Its brominated flame retardants include products such as Saytex; its mineral-based flame retardants include products, such as Martinal and Magnifin, and its phosphorus-based flame retardants include products, such as Antiblaze and Ncendx.
The Company produces plastic additives, as well as other additives, such as curatives, antioxidants and stabilizers. Its additives products include curatives for polyurethane, polyurea, and epoxy system polymerization. This business also produces antioxidants and stabilizers. Its Ethacure curatives are used in cast elastomers, coatings, reaction injection molding (RIM) and specialty adhesives, which are incorporated into products, such as wheels, tires and rollers. Its line of Ethanox antioxidants is used by manufacturers of polyolefins to maintain physical properties during the manufacturing process, including the color of the final product. These antioxidants are found in applications, such as slit film, wire and cable, food packaging and pipes.
The Company produces antioxidants used in fuels and lubricants. Its line of Ethanox fuel and lubricant antioxidants is used by refiners and fuel marketers to extend fuel storage life and protect fuel systems, and by oil marketers and lubricant manufacturers to extend the useful life of lubricating oils, fluids and greases used in engines and various types of machinery. Its polymer solutions segment offers more than 80 products to a range of end-markets. It sells its products to chemical manufacturers and processors, such as polymer resin suppliers, lubricant manufacturers, refiners and other specialty chemical companies.
The Company competes with Chemtura Corporation, Israel Chemicals Ltd, Jiangsu Yoke Technology Co., Ltd., Zhejiang Wansheng Chemical Co., Ltd., J.M. Huber Corporation, Kyowa Chemical Industry Co., Ltd., Nabaltec GmbH, BASF Corporation, Chemtura Corporation and Songwon Industrial Co., Ltd.,
The Company’s Catalysts segment includes its refinery catalysts and catalyst solutions businesses. Its main refinery catalysts product lines are hydroprocessing catalysts (HPC), and fluidized catalytic cracking (FCC), catalysts and additives. HPC catalysts are used to reduce the quantity of sulfur and other impurities in petroleum products, as well as to convert feedstock into lighter products. FCC catalysts assist in the cracking of petroleum streams into derivative, higher-value products, such as fuels and petrochemical feedstock. Its FCC additives are used to remove sulfur in gasoline and to reduce emissions of sulfur dioxide and nitrogen oxide in FCC units. It offers approximately 130 different HPC catalysts products and approximately 40 different FCC catalysts and additives products to its customers.
The Company has three business units in its performance catalyst solutions (PCS) division: polymer catalysts, chemical catalysts and electronic materials. It manufactures organometallic co-catalysts, as well as metallocene components and co-catalysts. It also offers finished Single-Site catalysts with or without its ActivCat technology and a range of Ziegler-Natta catalysts under the Advantage brand. Its co-catalysts and finished catalysts are used in its customers’ production of polyolefin polymers. Such polymers are commodity (Ziegler Natta polymerization technology) and specialty (Single Site polymerization technology) plastics serving a range of end markets, including packaging, non-packaging, films and injection molding. Some of its organometallic products are also used in the manufacture of alpha-olefins (hexene, octane and decene). In electronic materials, it manufacture and sells 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 chemical catalysts include a range of catalysts used in the chemical industry.
The Company competes with Criterion Catalysts and Technologies, W.R. Grace & Co./Advanced Refining Technologies, Haldor Topsoe, W.R. Grace & Co., BASF Corporation, AkzoNobel and Chemtura Corporation.
The Company’s Fine Chemistry segment consists of two categories: performance chemicals, and fine chemistry services and intermediates. Performance chemicals include products, such as elemental bromine, alkyl bromides, inorganic bromides, brominated powdered activated carbon and a range of bromine fine chemicals. Its products are used in chemical synthesis, oil and gas well drilling and completion fluids, mercury control, paper manufacturing, water purification, beef and poultry processing and other industrial applications. Other performance chemicals, which it produces include tertiary amines for surfactants, biocides, disinfectants and sanitizers; potassium-based products used in industrial applications; alkenyl succinic anhydride used in paper-sizing formulations, and aluminum oxides used in a range of refractory, ceramic and polishing applications. It sells these products to customers globally for use in personal care products, automotive insulation, foundry bricks and other industrial products.
The Company’s fine chemistry services business offers custom manufacturing, research and chemical scale-up services for companies. Its pharmaceutical bulk active is ibuprofen. Ibuprofen is used to provide pain relief and fever reduction. Bulk ibuprofen is formulated by pharmaceutical companies, which sells in both the prescription and over-the-counter markets. The Company also produces a range of intermediates used in the manufacture of a range of over-the-counter and prescription drugs.
The Company’s agrichemicals are sold to agrichemical manufacturers and distributors, which produce and distribute finished agricultural herbicides, insecticides, fungicides and soil fumigants. Its products include orthoalkylated anilines used in the acetanilide family of pre-emergent herbicides used with corn, soybeans and other crops and methyl bromide, which is used as a soil fumigant. It also manufactures and supplies a range of custom chemical intermediates for the agricultural industry.
The Company competes with Chemtura Corporation, Israel Chemicals, BASF Corporation, Lonza, Clariant Ltd. and Cilag AG.
451 FLORIDA STREET
BATON ROUGE LA 70801