Albemarle Corporation Creates New Alternative Fuels Division

Energy Resource, Dec 21, 2006

ENERGY RESOURCE-21 December 2006-Albemarle Corporation Creates New Alternative Fuels Division(C)2006 JeraOne - http://www.jeraone.com

Albemarle Corporation, a specialty chemicals company, 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.

In his new role, Hurley will develop market positions for Albemarle's catalysts in Canadian oil sands, coal-to-liquids, gas-to-liquids and biomass-to-fuel technologies, as well as focusing 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."

Headquartered in Richmond, Va., Albemarle is a leading 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.

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