CHARLOTTE, N.C., Aug. 18, 2016 /PRNewswire/ -- As the market
leader in hydroprocessing catalysts, Albemarle (NYSE: ALB) is reinforcing its
business strategy in hydrotreating to become even more focused on
technology development and catalyst performance.
With recent volatility in oil prices, the refining industry's
biggest challenge is to optimize profitability of unit operations,
maximizing returns. "We believe we are in the best position to
optimize our customers' hydroprocessing unit operations. By not
being tied to any specific license agreements, our unique
STARS® portfolio and Nebula® bulk catalyst
can maximize profitability for refiners," said Silvio Ghyoot,
Albemarle's Refining Solutions
President.
Nebula® is Albemarle's bulk metal catalyst technology,
developed jointly by Albemarle and
ExxonMobil. Nebula® was commercialized 10 years
ago. It is the highest activity hydrotreating catalyst available
for many hydroprocessing applications and offers at least twice the
activity of traditional catalysts. Today, more than 60 refineries
are employing Nebula® with over 130 successful unit
cycles. In a proprietary STAX® combination with
STARS® catalyst, the Nebula® catalyst
unleashes performance and boosts profit margins of both
hydrocrackers and distillate hydrotreating units around the
globe.
Albemarle's successful
STARS® hydrotreating catalyst product line was recently
expanded to three new grades, demonstrating unparalleled
performance under the most challenging process conditions: KF 870
STARS® for hydrocracking pretreat applications, KF 880
STARS® for medium to high pressure middle distillate
hydrotreaters, and KF 780 STARS®, the newest all around
catalyst for low pressure hydrotreating applications.
In order to reinforce this business strategy, Albemarle is ending its alliance with
Honeywell UOP that began in 2006. Going forward, Albemarle is committed to working hand-in-hand
with our customers to maximize their unit operations, while also
completing projects initiated under the Honeywell UOP alliance.
About Albemarle
Albemarle Corporation (NYSE: ALB), headquartered in Charlotte, NC, is a global specialty chemicals
company with leading positions in lithium, bromine, refining
catalysts and applied surface treatments. We power the potential of
companies in many of the world's largest and most critical
industries, from energy and communications to aerospace and
electronics. Working side-by-side with our customers, we
develop value-added, customized solutions that make them more
competitive. Our solutions combine the finest technology and
ingredients with the knowledge and know-how of our highly
experienced and talented team of operators, scientists and
engineers.
Discovering and implementing new and better performance-based
sustainable solutions is what motivates all of us. We think beyond
business-as-usual to drive innovations that create lasting value.
Albemarle employs approximately
6,900 people and serves customers in approximately 100 countries.
We regularly post information to www.albemarle.com, including
notification of events, news, financial performance, investor
presentations and webcasts, non-GAAP reconciliations, SEC filings
and other information regarding our company, its businesses and the
markets it serves.
"Safe Harbor" Statement under the Private Securities Litigation
Reform Act of 1995: Statements in this press release regarding
Albemarle Corporation's business that are not historical facts are
"forward-looking statements" that involve risks and uncertainties.
For a discussion of such risks and uncertainties, which could cause
actual results to differ from those contained in the
forward-looking statements, see "Risk Factors" in the Company's
Annual Report on Form 10-K.
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SOURCE Albemarle Corporation