Albemarle Announces Breakthrough in FCC Catalyst Technology
Friday December 9, 5:00 pm ET
AMERSFOORT, The Netherlands, Dec. 9 /PRNewswire-FirstCall/ -- Albemarle Corporation announced today the development and commercialization of a breakthrough in FCC catalyst technology with its new proprietary ADZT-100 zeolite. Coinciding with this announcement, Albemarle announced the launch of its new ACTION family of FCC catalysts, which is based upon the innovative ADZT-100 zeolite.
"The refining industry has been waiting for more than 20 years for the next step change improvement in FCC catalyst zeolite technology," said Harm Scheepstra, Albemarle's FCC global business director, "so this breakthrough represents a significant event for the industry. The proprietary ADZT-100 zeolite used in our new ACTION family of FCC catalysts will provide refiners a significant improvement in the performance from their FCC units. This new technology can be used by refiners to maximize the total volume of transportation fuels and other feedstocks they produce, maximize the octane of their gasoline, or some combination of the two. Regardless of how a refiner chooses to utilize this technology, the additional value it will provide will be substantial. Several of our customers are already reaping the rewards from this new technology."
FCC catalysts are used in virtually all petroleum refineries and are essential for the production of transportation fuels.
Albemarle Corporation, headquartered in Richmond, Virginia, is a leading global developer, manufacturer and marketer of bromine, bromine derivatives, and other highly engineered specialty chemicals for consumer electronics; petroleum and petrochemical processing; transportation and industrial products; 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. Learn more about Albemarle at http://www.albemarle.com .
"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.
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