Albemarle Licenses Market Leading Polyethylene Catalyst Technologies From Polimeri Europa
By Albemarle Corporation, PRNEWednesday, April 28, 2010
New Ziegler Natta polyethylene catalyst product line will be marketed under the brand name Advantage(TM)
BATON ROUGE, Louisiana, April 29, 2010 - Albemarle Corporation (www.albemarle.com) (NYSE: ALB), announced
it has signed a letter of intent with Polimeri Europa to license their
Ziegler Natta polyethylene catalyst technologies for slurry, high pressure
and solution applications.
(Logo: www.newscom.com/cgi-bin/prnh/20050801/ALBEMARLELOGO )
Under terms of the agreement, Albemarle will become the exclusive
marketer of Ziegler type catalysts sold into the High Density Polyethylene
(HDPE) and Linear Low Density Polyethylene (LLDPE) markets. The catalysts
will be sold under the Advantage(TM) brand name.
"These new catalyst technologies will allow Albemarle to expand our
portfolio beyond our current offerings to help our customers achieve success
in the increasingly competitive global polyolefin market. Albemarle is
committed to investing in world class catalyst technologies that allow us to
continue expanding our reach into new market segments while meeting the needs
of our growing client base," said Amy Motto, Division Vice President,
Polyolefin and Chemical Catalysts.
Initial offerings will be Advantage(TM) LL77, targeted at producing LLDPE
octene-1 co-polymers in high temperature, adiabatic solution processes and
Advantage(TM) LL26, targeted at producing LLDPE butene-1 co-polymers in high
pressure processes with excellent co-monomer distribution and Advantage(TM)
HD26 and HD46 to produce injection grades of HDPE with remarkably narrow
molecular weight distribution.
Albemarle is a global supplier of catalysts and components to the
polyolefin market. Albemarle's market leading technologies include metal
alkyls, MAO and organoboron co-catalysts, electron donors, metallocenes,
Ziegler PE and supported metallocene PE & PP catalysts.
About Albemarle
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
(www.albemarle.com/Products_and_services/Polymer_additives/),
Catalysts (www.albemarle.com/Products_and_services/Catalysts/) and
Fine Chemicals
(www.albemarle.com/Products_and_services/Fine_chemicals/). Corporate
Responsibility Magazine recently selected Albemarle to its prestigious "100
Best Corporate Citizens" list for 2010. Albemarle employs approximately
4,000 people and serves customers in approximately 100 countries. To learn
more, visit www.albemarle.com.
About Polimeri Europa
POLIMERI EUROPA, the eni petrochemical company, with 17 production plants
in Europe, a world-wide sales network, an e-commerce and a logistic portal,
markets and sells Base Chemicals, Styrenics, Elastomers and Polyethylene as a
sound and comprehensive supplier whose key strength is its integration, also
in terms of assistance and service.
On the basis of its first hand experience, polimeri europa can also
license its proprietary production technologies aiming to satisfy the even
more specific customer needs.
POLIMERI EUROPA's commitment to quality and innovation continues,
promoting sustainable growth with regard to the community and the
environment.
To learn more, visit www.polimerieuropa.com
"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.
Vivien Kilian, +32-10-483992, Vivien.Kilian at albemarle.com, or Investor Relations, Sandra Rodriguez, +1-225-388-7654, Sandra.Rodriguez at albemarle.com, both of Albemarle Corporation
Tags: Albemarle Corporation, April 29, Baton rouge, Louisiana, Western Europe