Albemarle Corporation (NYSE: ALB), a global developer, manufacturer and marketer of highly engineered specialty chemicals, announces the completion and opening of a new Environmental Research and Development facility in Baton Rouge.
This new facility will allow Albemarle Environmental Division to expand its capabilities into multi-pollutant control, while significantly growing its capabilities in environmental research. The lab provides advanced analytical capabilities and new equipment for advanced research. This new facility is located at Albemarle's Product Development Center (PDC), which includes Albemarle Environmental Division's Duct Injection Unit for evaluating sorbent effectiveness in customized synthetic flue gas.
The new Environmental Research and Development lab represents a $1.5 million investment in new facilities and instrumentation to improve the Company's product development efforts.
Albemarle Environmental Division is a part of the Company's Fine Chemistry Global Business Unit and is a full-service, solution provider to the coal-fired utility, cement kiln, and industrial boiler markets, supplying a variety of proprietary, powder activated carbon (PAC) sorbents, advanced sorbent injection systems, bromine chemicals for mercury removal, and testing and demonstration services.
Albemarle Corporation, headquartered in Baton Rouge, Louisiana, is a leading global developer, manufacturer, and marketer of highly-engineered specialty chemicals for consumer electronics, petroleum refining, utilities, packaging, construction, automotive/transportation, pharmaceuticals, crop protection, food-safety and custom chemistry services. The Company is committed to global sustainability and is advancing its eco-practices and solutions in its three business segments, Polymer Solutions, Catalysts and Fine Chemistry. Corporate Responsibility Magazine selected Albemarle to its prestigious '100 Best Corporate Citizens' list for 2010 and 2011. Albemarle employs approximately 4,000 people and serves customers in approximately 100 countries. Albemarle regularly posts information to www.albemarle.com, including notification of events, news, financial performance, investor presentations and webcasts, Regulation G reconciliations, SEC filings, and other information regarding the Company, its businesses and the markets we serve.
'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.
SOURCE Albemarle Corporation