FKnol.com

Financial Knowledge & Information Portal

Albemarle (ALB) Company Profile

Updated Sep 9, 2019
Albemarle has the following business profile:
Company's Full Name:Albemarle Corp
Short Name:Albemarle
Trading Ticker Symbol:ALB
Primary Exchange:NYSE
Headquarter City/Country:Baton Rouge, Louisiana
Primary Industry Sector:Basic Industries
Seconday Sub-sector:Major Chemicals
Main Business Areas: Basic Industries, Major Chemicals, Basic Materials, Specialty Chemicals, Renewable Energy
Dividend Payments:Dividend History

Market and Trading Information for Albemarle

The following details were available for trading and market data about the stock of Albemarle as of writing:
Current Share Price:$65.36
Previous Year's Closing Price:$77.07
Percentage Price Change (YTD):-15.19%
Market Cap:$6.76 billion
52-week Price Range:$58.63 - $108.74
Dividend Per Share:$1.41
EPS (TTM):5.12
Price-Earnings (Trailing):12.76
Price-Earnings (Forward):9.89

Company Profile and Business Description for Albemarle

Albemarle Corporation, incorporated on November 24, 1993, is a global developer, manufacturer and marketer of highly-engineered specialty chemicals. The Company operates through three segments: Lithium and Advanced Materials, Bromine Specialties and Refining Solutions. Lithium and Advanced Materials segment consists of two product categories: Lithium and Performance Catalyst Solutions. The bromine and bromine-based business includes products used in fire safety solutions and other specialty chemicals applications. The Company serves various end markets, including petroleum refining, consumer electronics, energy storage, construction, automotive, lubricants, pharmaceuticals, crop protection, food safety and custom chemistry services.

Lithium and Advanced Materials

The Lithium business is a producer of diverse product portfolios of lithium derivatives in the industry. It develops and manufactures a range of basic lithium compounds, including lithium carbonate, lithium hydroxide, lithium chloride, and value-added lithium specialties and reagents, including butyllithium and lithium aluminum hydride. Lithium is used in a variety of applications and industries, which include lithium batteries used in consumer electronics and automobiles, high performance greases, thermoplastic elastomers for car tires, rubber soles and plastic bottles, catalysts for chemical reactions, organic synthesis processes in the areas of steroid chemistry and vitamins, various life science applications, as well as intermediates in the pharmaceutical industry, among other applications. It also develops and manufactures cesium products for the chemical and pharmaceutical industries, and zirconium, barium and titanium products for various pyrotechnical applications, including airbag igniters. It also provides technical services, including the handling and use of reactive lithium products. It also offers its customers recycling services for lithium-containing by-products resulting from synthesis with organolithium products, lithium metal and other reagents.

The Company has four product lines in its Performance Catalyst Solutions (PCS) division: polymer catalysts, curatives, organometallics and electronic materials. It manufactures organometallic co-catalysts (aluminum, magnesium and zinc alkyls), as well as metallocene components and co-catalysts (methylaluminumoxane, organoborons, metallocene compounds, and finished polymerization catalysts comprising these products). It also offers finished single-site catalysts with or without its ActivCat activation technology and a line of Ziegler-Natta catalysts under the Advantage brand. Its co-catalysts and finished catalysts are used in customers' production of polyolefin polymers. Such polymers are commodity like Ziegler-Natta polymerization technology-based and specialty like, Single Site polymerization technology-based plastics serving a variety of end markets, including packaging, non-packaging, films and injection molding. Its organometallic products are also used in the manufacture of alpha-olefins like, hexene, octene, decene. In electronic materials, it manufactures and sells metal organic products into electronic applications, such as the production of light-emitting diodes (LEDs) for displays and general lighting, as well as other products used in the production of solar cells. Its curatives include a range of curing agents used in polyurethanes, epoxies and other engineered resins.

Bromine Specialties Segment

The bromine and bromine-based business includes products used in fire safety solutions and other specialty chemicals applications. Its fire safety technology enables the use of plastics in performance, high heat applications by enhancing the flame resistant properties of these materials. The end market products that benefit from its fire safety technology include plastic enclosures for consumer electronics, printed circuit boards, wire and cable products, electrical connectors, textiles and foam insulation. The bromine-based business also includes specialty chemicals products, such as elemental bromine, alkyl bromides, inorganic bromides, brominated powdered activated carbon and a number of bromine fine chemicals. These specialty products are used in chemical synthesis, oil and gas well drilling and completion fluids, mercury control, water purification, beef and poultry processing and various other industrial applications. Other specialty chemicals that it produces include tertiary amines for surfactants, biocides, and disinfectants and sanitizers.

Refining Solutions Segment

The Refining Solutions Segment has two product lines: Clean Fuels Technologies, which comprises hydroprocessing catalysts (HPC), and Heavy Oil Upgrading (HOU), which comprises fluidized catalytic cracking (FCC) catalysts and additives. HPC products are applied throughout the refining industry. Their application enables the upgrading of oil fractions to clean fuels and other usable oil feedstocks and products by removing sulfur, nitrogen and other impurities from the feedstock. In addition, they improve product properties by adding hydrogen and in some cases improve the performance of downstream catalysts and processes. FCC catalysts assist in the cracking of less desired refinery petroleum streams into derivative and products, such as transportation fuels and petrochemical feedstocks like propylene. Its FCC additives are used to reduce emissions of sulfur dioxide and nitrogen oxide in FCC units and to increase liquefied petroleum gas olefins yield, such as propylene, and to boost octane in gasoline. Its refinery catalysts are used to crack and treat all feedstocks while meeting refinery yield and product needs.

The Company competes with FMC Corporation, Sociedad Quimica y Minera de Chile S.A., SichuanTianqi Lithium, Jiangxi Ganfeng Lithium, Cabot Corporation, Sigma-Aldrich Corporation, AkzoNobel, Chemtura Corporation, Lonza, W.R. Grace & Co., Israel Chemicals Ltd, Criterion Catalysts and Technologies, Advanced Refining Technologies, Haldor Topsoe, BASF Corporation and China Petrochemical Corporation (Sinopec).

4350 Congress St Ste 700

Peer / Competitor Companies of Major Chemicals Sector

Along with Albemarle Corp, the following other peer (competitor) companies also exist within the same Major Chemicals - Basic Industries sector whose company profile and dividend history is as follows:

▶ A. Schulman (SHLM): A. Schulman, Inc., incorporated on August 20, 1969, is an international supplier of plastic formulations, resins and services, and provides solutions to its customers requirements through custom-formulated products. The Companys ....See Detailed Company Profile  and Dividend History.

▶ Advanced Emissions (ADES): Advanced Emissions Solutions, Inc., together with its subsidiaries, provides emission reduction technologies and associated specialty chemicals in the United States. It operates through two segments, Refined Co....See Detailed Company Profile  and Dividend History.

▶ AdvanSix (ASIX): AdvanSix Inc. manufactures and sells polymer resins. It offers Nylon 6, a polymer resin, which is a synthetic material used to produce engineered plastics, fibers, filaments, and films. The company al....See Detailed Company Profile  and Dividend History.

▶ Aemetis (AMTX): Aemetis, Inc., incorporated on October 24, 2006, is an international renewable fuels and biochemicals company. The Company is focused on the production of fuels and chemicals through the acquisition, development ....See Detailed Company Profile  and Dividend History.

▶ Air Products and Chemicals (APD): Air Products and Chemicals, Inc., incorporated on May 25, 1961, is an industrial gases company. The Companys Industrial Gases business provides atmospheric and process gases and related equipment to manufacturing ....See Detailed Company Profile  and Dividend History.

▶ Amyris (AMRS): Amyris, Inc., incorporated on April 15, 2010, is an integrated industrial biotechnology company. The Company is engaged in research and development and sales of fuels and farnesene-derived products. The Company ....See Detailed Company Profile  and Dividend History.

▶ Balchem (BCPC): Balchem Corporation (Balchem), incorporated on January 30, 1967, is engaged in the development, manufacture, distribution and marketing of specialty performance ingredients and products for the food, nutritional, feed, pharmaceutical and ....See Detailed Company Profile  and Dividend History.

▶ BioAmber (BIOA): BioAmber Inc. (BioAmber), formerly DNP Green Technology, Inc., incorporated on October 15, 2008, is an industrial biotechnology company, which produces sustainable chemicals. The Companys technology platform combines industrial biotechnology and ....See Detailed Company Profile  and Dividend History.

▶ Braskem (BAK): Braskem S.A. (Braskem), incorporated on January 12, 1972, produces thermoplastic resins. The Companys segments are Basic petrochemicals, Polyolefins, Vinyls, the United States and Europe, and Chemical distribution. Braskem is also ....See Detailed Company Profile  and Dividend History.

▶ Cabot (CBT): Cabot Corporation, incorporated on July 14, 1960, is a global specialty chemicals and performance materials company. The Company operates through four business segments: reinforcement materials, performance chemicals, purification solutions and ....See Detailed Company Profile  and Dividend History.

▶ Calgon Carbon (CCC): Calgon Carbon Corporation, incorporated on November 27, 1967, is a manufacturer of activated carbon, with capabilities in ultraviolet (UV) light disinfection. The Company provides purification solutions for drinking water, wastewater, ....See Detailed Company Profile  and Dividend History.

▶ Celanese (CE): Celanese Corporation (Celanese), incorporated on November 3, 2004, is a technology and specialty materials company. The Companys segments include Advanced Engineered Materials, Consumer Specialties, Industrial Specialties, Acetyl Intermediates and Other ....See Detailed Company Profile  and Dividend History.

▶ Chemours (CC): The Chemours Company provides performance chemicals in North America, the Asia Pacific, Europe, the Middle East, Africa, and Latin America. It operates through three segments: Fluoroproducts, Chemical Solutions....See Detailed Company Profile  and Dividend History.

▶ Chemtura (CHMT): ....See Detailed Company Profile  and Dividend History.

▶ Codexis (CDXS): Codexis, Inc., incorporated on January 31, 2002, is a developer of biocatalysts for the pharmaceutical and fine chemicals markets. The Companys technologies enable scale-up and implementation of biocatalytic solutions for ....See Detailed Company Profile  and Dividend History.

▶ Delta Technology (DELT): Delta Technology Holdings Limited, incorporated on November 28, 2011, is a holding company. The Company is a chemical manufacturer, which is engaged in manufacturing and selling of organic compounds, including ....See Detailed Company Profile  and Dividend History.

▶ Delta Technology (DELTW): ....See Detailed Company Profile  and Dividend History.

▶ Dow Chemical (DOW): The Dow Chemical Company (Dow), incorporated on June 11, 1947, is a manufacturer and supplier of products used primarily as raw materials in the manufacture of customer products and services. ....See Detailed Company Profile  and Dividend History.

▶ Du Pont (DD): E. I. du Pont de Nemours and Company (DuPont), incorporated on September 4, 1915, is a science and technology-based company. The Companys subsidiaries and affiliates conduct manufacturing, seed production or ....See Detailed Company Profile  and Dividend History.

▶ E.I. du Pont de Nemours and (DD^A): ....See

... See Full List of All Stocks of Major Chemicals Sector.

Stock List of Other Basic Industries Sub-sectors

▶ Stocks of Agricultural Chemicals Sector

▶ Stocks of Aluminum Sector

▶ Stocks of Building Contractors - Nonresidential Sector

▶ Stocks of Containers and Packaging Sector

▶ Stocks of Electric Utilities Sector

▶ Stocks of Engineering and Construction Sector

▶ Stocks of Environmental Services Sector

▶ Stocks of Forest Products Sector

▶ Stocks of Home Furnishings Sector

▶ Stocks of Homebuilding Sector

▶ Stocks of Major Chemicals Sector

▶ Stocks of Metal Fabrications Sector

▶ Stocks of Military Government and Technical Sector

▶ Stocks of Mining Quarrying Minerals Sector

▶ Stocks of Miscellaneous Sector

▶ Stocks of Other Specialty Stores Sector

▶ Stocks of Package Goods and Cosmetics Sector

▶ Stocks of Paints and Coatings Sector

▶ Stocks of Paper Sector

▶ Stocks of Precious Metals Sector

▶ Stocks of Specialty Chemicals Sector

▶ Stocks of Steel and Iron Sector

▶ Stocks of Telecommunications Equipment Sector

▶ Stocks of Textiles Sector

▶ Stocks of Trading and Mining Sector

▶ Stocks of Water Supply Sector


Stock List of Other Top-level Sectors

▶ Stocks of Sector

▶ Stocks of Basic Industries Sector

▶ Stocks of Basic Materials Sector

▶ Stocks of Capital Goods Sector

▶ Stocks of Communication Services Sector

▶ Stocks of Consumer Cyclical Sector

▶ Stocks of Consumer Defensive Sector

▶ Stocks of Consumer Durables Sector

▶ Stocks of Consumer Non-Durables Sector

▶ Stocks of Consumer Services Sector

▶ Stocks of Energy Sector

▶ Stocks of Finance Sector

▶ Stocks of Financial Services Sector

▶ Stocks of Health Care Sector

▶ Stocks of Industrials Sector

▶ Stocks of Miscellaneous Sector

▶ Stocks of Public Utilities Sector

▶ Stocks of Real Estate Sector

▶ Stocks of Services Sector

▶ Stocks of Technology Sector

▶ Stocks of Transportation Sector

▶ Stocks of Utilities Sector