Albemarle Announces Launch of Ketjen Corporation

Rhea-AI Summary

Albemarle Corporation (NYSE: ALB) has launched Ketjen, a wholly owned subsidiary focused on advanced catalyst solutions for the petrochemical, refining, and specialty chemicals industries. The brand, formally introduced in January 2023, aims to enhance customer support in energy transitions, offering tailored solutions in fluidized catalytic cracking, clean fuels, hydro-processing, and organometallics. Ketjen will provide a range of performance catalysts through three divisions while leveraging Albemarle's existing catalyst team. This initiative is expected to strengthen Albemarle's position as a partner-of-choice in the industry.

Positive

• Launch of Ketjen enhances focus on advanced catalyst solutions.
• Potential to increase customer support in energy transitions.
• Collaboration across three divisions: FCC, Clean Fuels, HPC.

Negative

• None.

New, wholly owned subsidiary focuses on advanced catalyst solutions

HOUSTON, Jan. 30, 2023 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, today announced the official brand launch of Ketjen, its wholly owned subsidiary that crafts tailored, advanced catalyst solutions for the petrochemical, refining and specialty chemicals industries.

The company shared the new name of its catalysts business in November 2022 after announcing plans to operate the business as a subsidiary. As a distinct brand, Ketjen will continue to support customers in their unique energy transition journeys from fluidized catalytic cracking to clean fuels to hydro-processing to organometallics and curatives.

"As the industry responds to global market dynamics, our customers need innovative solutions to help them navigate their changing landscapes," said Ketjen President Raphael Crawford. "Ketjen will continue to provide its portfolio of advanced catalyst and specialty chemicals solutions, which are unique to each customer's needs, to increase production performance and business value."

Headquartered in Houston, Texas, Ketjen will collaborate with customers in the petrochemical, refining and specialty chemical industries across three divisions, Fluidized Catalytic Cracking (FCC), Clean Fuels and Hydroprocessing Catalysts (HPC), and Performance Catalyst & Curative Solutions (PCS). Albemarle's existing advanced catalyst solutions team will lead Ketjen operations.

"The launch of Ketjen continues our legacy as a partner-of-choice for industry leaders," said Albemarle CEO Kent Masters. "Establishing Ketjen under this separate structure will allow the business even greater focus and continued development of custom, high-impact catalyst products."

Ketjen's team of qualified experts adopt a flexible, hands-on approach to customer operations to counsel and lead on mission-critical functions. With strong industry engagement and continuing long-term partnerships with major corporations, Ketjen will lead the industry in safe and reliable advanced catalyst solutions.

About Ketjen
Ketjen is a provider of advanced catalysts solutions to leading producers in the petrochemical, refining and specialty chemicals industries. From fluidized catalytic cracking to clean fuels solutions to hydro-processing to organometallics and curatives, Ketjen delivers safe and reliable solutions that increase production performance and business value. A wholly owned subsidiary of Albemarle Corporation (NYSE: ALB), Ketjen Corporation is headquartered in Houston, Texas, and serves global customers through operations in 27 markets. For more information, visit www.ketjen.com.

About Albemarle
Albemarle Corporation (NYSE: ALB) is a global specialty chemicals company that thinks beyond business as usual to power the potential of companies in many of the world's largest and most critical industries, such as energy, electronics, and transportation. We actively pursue a sustainable approach to managing our diverse global footprint of world-class resources. In conjunction with our highly experienced and talented global teams, our deep-seated values, and our collaborative customer relationships, we create value-added and performance-based solutions that enable a safer and more sustainable future.

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SOURCE Albemarle Corporation

FAQ

What is the recent announcement by Albemarle Corporation regarding their subsidiary?

Albemarle Corporation announced the launch of Ketjen, a wholly owned subsidiary focused on advanced catalyst solutions for various industries.

When was Ketjen officially launched?

Ketjen was officially launched on January 30, 2023.

What industries will Ketjen serve?

Ketjen will serve the petrochemical, refining, and specialty chemicals industries.

What solutions will Ketjen provide?

Ketjen will provide tailored solutions including fluidized catalytic cracking, clean fuels, hydro-processing, and organometallics.

How will Ketjen affect Albemarle's business strategy?

Ketjen's launch allows Albemarle to enhance its focus on custom catalyst products to better support industry leaders.