CHARLOTTE, N.C., Dec. 6, 2017 /PRNewswire/ -- Albemarle
Corporation (NYSE: ALB), a leader in the global specialty chemicals
industry, announced today that it is the recipient of the
44th Kirkpatrick Chemical Engineering Award for its
breakthrough AlkyClean® process technology developed jointly with
CB&I and Neste.
The Kirkpatrick Award honors the most noteworthy chemical
engineering technology commercialized anywhere in the world over
the past two years. Out of the many submissions to Chemical
Engineering magazine, only six finalists were
selected. Criteria for winner selection include novelty
of the technology, the difficulty of the chemical engineering
problem that was solved and the overall engineering excellence. The
awards were announced at the Chem Show in New York on November 1,
2017.
"We have been working together with our technology partners for
several years to develop a commercially viable and safe option to
produce high-quality alkylate without the use of liquid acid
catalysts," said Silvio Ghyoot, president of Albemarle's Refining Solutions global business
unit. "We are honored by this prestigious award and recognition of
the unique AlkyClean technology for its potential as a
game-changing technology for our refining customers."
This technology, which applies the proprietary Albemarle
AlkyStar® catalyst, eliminates the use of liquid acids for the
production of motor fuel alkylate, and thus eliminates the hazards
and environmental and operating issues associated with
handling liquid acids. The world's first solid catalyst alkylation
process was commercialized with this new catalyst and process in
Shandong, China, in August
2015. The AlkyClean® process offers environmental benefits
due to the reduction of waste streams, such as spent acids and
acid-soluble oils, and is also inherently safer when compared to
technologies employing liquid acids.
The AlkyClean® process technology was also the recipient of the
2016 Presidential Green Chemistry Challenge Award presented by the
U.S. Environmental Protection Agency (EPA) in cooperation with the
American Chemical Society.
About Albemarle
Albemarle Corporation (NYSE:
ALB), headquartered in Charlotte,
NC, is a global specialty chemicals company with leading
positions in lithium, bromine and refining catalysts. We power the
potential of companies in many of the world's largest and most
critical industries, from energy and communications to
transportation and electronics. Working side-by-side with our
customers, we develop value-added, customized solutions that make
them more competitive. Our solutions combine the finest technology
and ingredients with the knowledge and know-how of our highly
experienced and talented team of operators, scientists and
engineers.
Discovering and implementing new and better performance-based
sustainable solutions is what motivates all of us. We think beyond
business-as-usual to drive innovations that create lasting value.
Albemarle employs approximately
4,100 people and serves customers in approximately 100 countries.
We regularly post information to www.albemarle.com, including
notification of events, news, financial performance, investor
presentations and webcasts, non-GAAP reconciliations, SEC filings
and other information regarding our company, its businesses and the
markets it serves.
"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.
View original content with
multimedia:http://www.prnewswire.com/news-releases/alkyclean-technology-wins-kirkpatrick-chemical-engineering-award-300567704.html
SOURCE Albemarle Corporation