Profile: Albemarle Corp (ALB.N)
18 Dec 2014
Albemarle Corporation (Albemarle), 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, plastics/packaging, construction, automotive, lubricants, pharmaceuticals, crop protection, food-safety and custom chemistry services markets. The Company and its joint ventures operated 49 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 2,700 customers in approximately 100 countries. It operates in three segments: Polymer Solutions, Catalysts and Fine Chemistry.
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 and foam insulation. Its brominated flame retardants include products sold under the Saytex brand and its mineral-based flame retardants include products, such as Martinal and Magnifin.
The Company produces plastic additives, as well as other additives, such as curatives 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. The Company’s 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 also 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. A number of customers of the Company’s Polymer Solutions segment manufacture products for cyclical industries, including the consumer electronics, building and construction, and automotive industries.
The Company competes with Chemtura Corporation, Israel Chemicals Ltd., J.M. Huber Corporation, Kyowa Chemical Industry Co., Ltd., Nabaltec GmbH, BASF Corporation, SK Capital and Songwon Industrial Co., Ltd.
The Company’s two main refinery catalysts businesses include Clean Fuels Technologies (CFT), primarily composed of hydroprocessing catalysts (HPC), and Heavy Oil Upgrading (HOU), primarily composed of fluidized catalytic cracking (FCC) catalysts and additives. HPC products are applied throughout the refining industry. 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 a range of HPC products and approximately 60 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 manufactures 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 Catalysts segment customers include multinational corporations, such as ExxonMobil Corporation, Chevron Corporation, TOTAL S.A., Saudi Basic Industries Corporation and INEOS Group Holdings S.A.; independent petroleum refining companies, such as Valero Energy Corporation and SK Holdings; and national petroleum refining companies, such as Reliance, Petroleo Brasileiro S.A. and Petróleos Mexicanos.
The Company competes with Criterion Catalysts and Technologies, 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, sanitizers and aluminum oxides used in a range of refractory, ceramic and polishing applications.
The Company’s fine chemistry services business offers custom manufacturing, research and chemical scale-up services for companies in addition to supplying the specific fine chemistry products and performance chemicals for the pharmaceutical and agricultural uses. The Company is a producer if ibuprofen. It 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’s Fine Chemistry segment manufactures more than 100 products, which are used in a range of end markets. The Company sells its products and services to chemical manufacturers and processors (including pharmaceutical and agricultural companies), drilling and oil service companies, beef and poultry processors, water treatment and photographic companies, energy producers and other specialty chemical companies.
The Company competes with Chemtura Corporation, Israel Chemicals Ltd., BASF Corporation, Lonza, Clariant Ltd. and Cilag AG.
451 FLORIDA STREET
BATON ROUGE LA 70801