Albemarle to hike price of fluid catalytic cracking catalysts

Albemarle Corporation, a global leader in the refinery catalysts industry headquartered in Baton Rouge, Louisiana, has announced that it will increase the prices of its fluid catalytic cracking catalysts by 10%, effective from 15 March 2016, or as contracts allow.

Albemarle develops, manufactures and markets technologically advanced and high value added products used in a wide range of applications, in a variety of sectors. Albemarle is focused on delivering differentiated, performance-based technologies that deliver innovative and sustainable solutions to its customers.

"Albemarle continues to make significant investments in its FCC business to improve operating flexibility and as part of our commitment to the innovation and technical service programmes that help our customers meet the market's challenges and increase their profits," said Dave Clary, Vice President of Heavy Oil Upgrading. "Increased prices will help sustain this level of support."

Adapted from press release by Francesca Brindle

Read the article online at: https://www.hydrocarbonengineering.com/petrochemicals/09022016/albemarle-increase-price-10-percent-on-fluid-catalytic-cracking-catalysts-2419/