BATON ROUGE, La., Oct. 16 /PRNewswire-FirstCall/ -- Albemarle Corporation , the world's foremost provider of petroleum refining catalysts and additives, will increase globally the price of its fluidized catalytic cracking (FCC) catalysts to a minimum of US $3,100 per metric ton effective January 1, 2008, or as contracts allow.
"We are raising prices to reflect more accurately the exceptional performance and value our catalyst technology and services deliver to our customers and the marketplace," said Harm Scheepstra, Albemarle division vice president of FCC catalysts. "This price increase allows us to continue to generate innovative and valuable catalyst technology, products and technical service now, and helps to secure a reliable supply of these products and services to our customers in the future."
Albemarle is a leading, global developer and supplier of hydroprocessing catalysts, FCC catalysts, environmental and performance additives, and alternative fuel technologies for refineries all over the world, including operations that convert heavier, more challenging petroleum feedstocks into higher value products that meet strict global fuel quality and environmental standards.
Albemarle Corporation, headquartered in Richmond, Virginia, is a leading global developer, manufacturer and marketer of highly engineered specialty chemicals for petroleum and petrochemical processing; transportation and industrial products; consumer electronics; pharmaceuticals; agricultural products; and construction and packaging materials. The Company operates in three business segments, Polymer Additives, Catalysts and Fine Chemicals, and serves customers in approximately 100 countries. For more information about Albemarle, please visit http://www.albemarle.com/.
ALBEMARLE is a registered trademark of Albemarle Corporation.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Albemarle Corporation's business which 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.
