Albemarle (NYSE: ALB) is a developer, manufacturer and marketer of engineered specialty chemicals and sells a mix of products to a range of customers, including manufacturers of electronics, building and construction materials, automotive parts, packaging.
Albemarle was originally a papermill, which entered the bromine business and the manufacture of Ethyl fluid for leaded gasoline. They were known as Ethyl Corporation. The adoption of unleaded gasoline caused a major shift in the market for bromine, but Albemarle continues to manufacture for use in flame retardants and in chemical intermediates. The company is also known for its catalysts and additives for polyolefin plastics such as polyethylene.
In May, 2011, Albemarle announced plans to recover lithium from the brines they process for bromine in Arkansas. An article in C&EN indicated that Chemetall, FMC, and SQM already recover lithium from brines, but the lithium concentration found in South American brines (Chile, Argentina) is higher than those in Arkansas (1400-1500 ppm vs 100-300 ppm). Albemarle is believed to be developing a resin based concentration system which they have pilot planted.