|By PR Newswire||
|November 16, 2012 04:02 PM EST||
BATON ROUGE, La., Nov. 16, 2012 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB) recently celebrated the grand opening of a new laboratory facility and expanded applications capabilities at its Process Development Center (PDC) in Baton Rouge, Louisiana. The new facility consists of a 5,400 square foot state-of-the-art laboratory complex designed to support R&D efforts for Albemarle's rapidly growing polyolefin catalyst portfolio.
"Due to the increased demand for our catalyst technologies, we have invested in expansions and enhanced capabilities at our world scale R&D facilities in Baton Rouge," said Peggy Matherne, Global R&D Director for Albemarle's Catalyst global business unit. "These new facilities, which will host eight new chemical synthesis stations, will be instrumental in helping us achieve our aggressive growth goals." The laboratory complex was intentionally designed to accommodate future growth with minimal interruptions to ongoing R&D activities.
In addition to the new facility, Albemarle also commemorated the successful implementation of a new Parallel Polymerization Reactor (PPR) system at the PDC. The new system will help Albemarle's R&D team in facilitating the discovery, development and commercialization of polyolefin catalysts.
"The new PPR system will allow us to significantly accelerate the optimization of new polyolefin catalysts," stated Edgar Steenwinkel, R&D Director for Performance Catalyst Solutions. "As a result, we can expect a considerable decrease in time-to-market for these innovative catalyst systems that are tailored to meet the specific needs of our customers."
Two existing laboratories, the Polymer Lab and the High Throughput Lab were also expanded as part of the PDC upgrades. The latter expansion was conducted to accommodate the new PPR.
The PDC currently offers a unique combination of world-class capabilities including laboratory synthesis and analysis, product development, pilot plant and commercial scale-up and full-scale manufacturing. This combination allows the PDC to rapidly foster products and technology from conceptualization through commercialization.
About Albemarle's Performance Catalyst Solutions
Albemarle's Performance Catalyst Solutions division, a segment of its Catalysts global business unit, delivers high performance catalyst solutions through a finished catalyst product portfolio. The division is comprised of three business units: Polymer Catalysts, Chemical Catalyst, and Electronic Materials. Collectively, these businesses provide performance-based products and services that are used in the plastics, industrial chemicals, and electronics industries.
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, Catalysts and Fine Chemistry. Corporate Responsibility Magazine selected Albemarle to its prestigious "100 Best Corporate Citizens" list for 2010 and 2011. Albemarle employs approximately 4,000 people and serves customers in approximately 100 countries. Albemarle regularly posts information to www.albemarle.com, including notification of events, news, financial performance, investor presentations and webcasts, Regulation G reconciliations, SEC filings, and other information regarding the Company, its businesses and the markets we serve.
"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.
SOURCE Albemarle Corporation
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