BATON ROUGE, La., April 12, 2012 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a leader in the development, manufacture and marketing of flame retardants, announced today that it has expanded its Earthwise™ platform of sustainable products by introducing a new polymeric flame retardant for use in extruded (XPS) and expanded (EPS) polystyrene applications.
This new technology, licensed from Dow Global Technologies LLC (DGTL), a subsidiary of The Dow Chemical Company (NYSE: DOW), will be commercialized under Albemarle's Earthwise brand and provides a stable, high molecular weight, non-PBT (Persistent, Bioaccumulative, Toxic) polymeric technology for use in these demanding applications. This new technology is expected to become the preferred choice to meet critical fire safety requirements for both XPS and EPS.
Albemarle's agreement to manufacture and sell this premium technology confirms the company's commitment to provide customers with sustainable, innovative fire safety solutions that meet the increasing demands of global regulations and standards, such as energy efficiency and sustainable design for these thermal insulation materials.
"This expansion of our Earthwise portfolio is another sign of our position as the industry leader in flame retardants, and joins our other key polymeric platforms, Green Armor™ and our family of brominated polystyrene products, SAYTEX® HP-3010, HP-7010 and 621," said Brian Carter, Division Vice President of global brominated flame retardants. "Albemarle expects to commercialize this new technology in 2014 and is already working closely with customers to fully qualify the product in both applications."
Albemarle Corporation, headquartered in Baton Rouge, Louisiana, is a leading global developer, manufacturer, and marketer of highly-engineered specialty chemicals for consumer electronics, petroleum refining, utilities, packaging, construction, automotive/transportation, pharmaceuticals, crop protection, food-safety and custom chemistry services. The Company is committed to global sustainability and is advancing its eco-practices and solutions in its three business segments, Polymer Solutions, Catalysts and Fine Chemistry. Corporate Responsibility Magazine selected Albemarle to its prestigious "100 Best Corporate Citizens" list for 2010 and 2011. Albemarle employs approximately 4,000 people and serves customers in approximately 100 countries. Albemarle regularly posts information to www.albemarle.com, including notification of events, news, financial performance, investor presentations and webcasts, Regulation G reconciliations, SEC filings, and other information regarding the Company, its businesses and the markets we serve.
Whether consumers are watching a television, sitting on a sofa, taking a commercial airline flight, or swallowing ibuprofen to relieve a headache, Albemarle products are there making lives safer and more livable. For more information, visit www.earthwiseinside.com.
About The Dow Chemical Company
Dow (NYSE: DOW) combines the power of science and technology to passionately innovate what is essential to human progress. The Company connects chemistry and innovation with the principles of sustainability to help address many of the world's most challenging problems such as the need for clean water, renewable energy generation and conservation, and increasing agricultural productivity. Dow's diversified industry-leading portfolio of specialty chemical, advanced materials, agrosciences and plastics businesses delivers a broad range of technology-based products and solutions to customers in approximately 160 countries and in high growth sectors such as electronics, water, energy, coatings and agriculture. In 2011, Dow had annual sales of $60 billion and employed approximately 52,000 people worldwide. The Company's more than 5,000 products are manufactured at 197 sites in 36 countries across the globe. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted. More information about Dow can be found at www.dow.com.
The Dow Chemical Company Media Contact: Erik van Oosten, (989) 636-5090, [email protected]
"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.
SOURCE Albemarle Corporation