Posted in | News | Business | Chemistry

Albemarle Sells Facility in Teesport, UK

Aug 3 2010

Albemarle Corporation (NYSE: ALB), a global developer and manufacturer of innovative fine chemicals and sustainable clean energy solutions, announced today that on July 30, 2010, the company sold its Teesport, UK facility to Kemira Oyj (HSE: KEM).  Terms of the agreement were not disclosed.

"This transaction is another step in Albemarle's previously announced restructuring efforts, and we're pleased to finalize the sale," said Luke Kissam, President of Albemarle.

The Teesport facility currently produces emulsifiers and intermediates for the drilling fluids industry.  Albemarle's completion fluids business is not a part of this sale.  The company will continue to produce its bromine-based completion fluids in Jordan and the U.S. to service the global oil field market.

Source: http://www.albemarle.com/

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
(Logout)
Your comment type
Submit
Defender™ Omega Handheld Raman Analyzer

Defender™ Omega Handheld Raman Analyzer

Ensure safe and rapid identification of explosives, chemical warfare agents, narcotics, and various chemicals using the Thermo Scientific Defender™ Omega Handheld Raman Analyzer. This highly versatile handheld analyzer allows for user-configurable scan profiles and expandable libraries, empowering users with flexible and customizable detection capabilities. Stay ahead with reliable and efficient chemical analysis in the palm of the hand.

From Thermo Fisher Scientific – Handheld Elemental & Radiation Detection

Sponsored Content

Editorial Highlights

The Current State of the Global Semiconductor Market

The Current State of the Global Semiconductor Market

The global semiconductor market has entered an exciting period. Demand for chip technology is both driving the industry as well as hindering it, with current chip shortages predicted to last for some time. Current trends will likely shape the future of the industry, which is set to continue to show

How are Graphene Batteries Made?

How are Graphene Batteries Made?

The primary distinction between graphene-based batteries and solid-state batteries lies in the composition of either electrode. Although the cathode is commonly changed, carbon allotropes can also be employed in fabricating anodes.

Newsletters you may be interested in

See all Newsletters »

Terms

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.

Provide Feedback