Albemarle Adds Focus on Alternative Fuel Technologies
BATON ROUGE, La., Dec. 20 -- Leading global catalyst and specialty chemical maker Albemarle Corporation (NYSE:ALB) has created a new division focusing on Alternative Fuel Technologies. Ray Hurley, who previously served as vice president-catalysts, was named vice president- alternative fuel technologies and will lead the new division.
Hurley's strong leadership in catalysts serves as a base for him to develop leading market positions for Albemarle's catalysts in Canadian oil sands, coal-to-liquids, gas-to-liquids and biomass-to-fuel technologies. In addition, he will focus on alliance opportunities in alternative fuels.
"There are numerous, significant opportunities around the world to develop and enhance the availability of environmentally sustainable energy and fuels," said John M. Steitz, Albemarle senior vice president-business operations. "Under Ray Hurley's leadership, Albemarle is positioned to be the leading catalyst supplier for solutions to these challenges."
Albemarle Corporation, headquartered in Richmond, Virginia, is a leading global developer, manufacturer and marketer of 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.
CONTACT: Media, Rene Milligan, +1-225-388-7106, or Rene_Milligan@albemarle.com, Web site: http://www.albemarle.com/
