Mar 15 2006
UOP LLC, a Honeywell company, and Albemarle Corporation have announced that they have entered into an agreement to form a hydroprocessing alliance to help the petroleum refining industry produce clean fuels.
The alliance, in which Albemarle's joint venture Nippon Ketjen will participate as well, will offer a wide range of hydroprocessing technologies, catalysts and services to assist refiners in meeting the projected increased demand for refined products and ultra-low-sulfur fuels. Hydroprocessing technologies and catalysts are used in virtually all petroleum refineries around the world and are essential for the production of clean fuels.
The alliance builds on the complementary strengths of UOP, a leading hydroprocessing technology and catalyst supplier, and Albemarle, a leading supplier of refinery hydrotreating catalysts and technologies. The alliance will specifically provide customers a broad portfolio of process and catalyst offerings for middle distillate hydrotreating, vacuum gas oil hydrotreating, mild hydrocracking, hydrocracking, and fixed-bed residue hydrotreating.
"We are very excited to enter into this strategic alliance with UOP," said Mark Rohr, Albemarle president and CEO. "Our two organizations have a long history of working together to the benefit of our hydroprocessing customers and stakeholders."
"The future of the refining industry will be characterized by a substantial increase in crude and hydroprocessing capacity to meet the growing demand for clean fuels," added UOP president and CEO Carlos A. Cabrera. "The alliance's suite of leading hydroprocessing technologies and catalysts will play a key role in meeting these requirements."
http://www.albemarle.com/