Albemarle Corporation

Albemarle Corporation
Company type	Public
Traded as	NYSE: ALB; S&P 500 component;
Industry	Chemical industry
Founded	1994; 30 years ago
Headquarters	Charlotte, North Carolina, U.S.
Area served	Worldwide
Key people	Kent Masters (president & CEO); Scott A. Tozier (CFO)
Products	Lithium salts and metals; Bromine and derivatives, including flame retardants; Fluid catalytic cracking and HPC catalysts; fine chemistry services
Revenue	US$9.62 billion (2023)
Operating income	US$252 million (2023)
Net income	US$1.57 billion (2023)
Total assets	US$18.3 billion (2023)
Total equity	US$9.67 billion (2023)
Number of employees	c. 9,000 (2023)
Website	albemarle.com
	Footnotes / references;

Albemarle Corporation is an American specialty chemicals manufacturing company based in Charlotte, North Carolina. It operates 3 divisions: lithium (68.4% of 2022 revenues), bromine specialties (19.3% of 2022 revenues) and catalysts (12.3% of 2022 revenues).^[2]

As of 2020^[update], Albemarle was the largest provider of lithium for electric vehicle batteries in the world.^[3] Albemarle, Sociedad Química y Minera, and FMC Corporation collectively produce just over half of the world's lithium and lithium storage products, while just under half is produced by China.^{[citation needed]}

Albemarle is a large developer of flame retardant chemicals technologies, with production plants in the United States, China, the Netherlands, Belgium, Germany, France, Austria, and the United Kingdom. It also has a line of antioxidants and blends which concentrate on improving storage life and stability of fuel and other lubricant products. It produces products used in rigid and flexible polyurethane foam applications and ammonium polyphosphate products, pigments for paper applications, aluminium oxides used for flame-retardant, polishing, catalyst, and niche ceramic applications, as well as magnesium hydroxide mainly used as a flame-retardant.^[2] It is one of the largest producers of hydro processing catalysts (HPC) and fluid catalytic cracking (FCC) catalysts used in the petroleum refining industry.^[2] Production locations (excluding joint ventures in Brazil and Japan) are: Bayport, Texas and Amsterdam, Netherlands.^[4] Albemarle also produces fine chemicals and chemical services for the pharmaceutical and life sciences industries. The Alternative Fuel Technologies division participates in the market for biofuels, gas to liquids, and coal liquefaction.

The company is ranked 780th on the Fortune 1000 based on fiscal 2021 revenues.^[5]