Jordan Bromine Company completes first phase of expansion to double bromine
Second phase scheduled for commissioning in May 2013
BATON ROUGE, La., March 7, 2013
BATON ROUGE, La., March 7, 2013 /PRNewswire/ --Albemarle Corporation (NYSE:
ALB), a global leader in the development, manufacture and marketing of
bromine, bromine derivatives and other specialty chemicals, announced today
that Jordan Bromine Company (JBC), its joint venture located on the Dead Sea
in Safi, Jordan, successfully commissioned the first phase of its previously
announced expansion project. This phase of the project doubles the site's
bromine production capacity.
"This investment further strengthens JBC's position as the world's low-cost
bromine producer and allows us to continue providing our customers around the
world with quality products that drive value in their processes," commented
Luke Kissam, Albemarle CEO. "I congratulate the joint JBC and Albemarle team
on the safe and successful start-up. The ingenuity of our teams working on
the project allowed us to implement technology that doubles our bromine
capacity while only increasing our water consumption by 8%, with further
decreases planned.This startup is proof of our commitment to safe and
The second phase of the expansion will double the current capacity of key
bromine derivatives, hydrobromic acid, calcium bromide, and sodium bromide,
and is scheduled for commissioning in May 2013.
Jordan Bromine Company is a joint venture between Arab Potash Company and
Albemarle Holding Company, Limited, a wholly owned subsidiary of Albemarle
Corporation. "We are pleased with the progress on this significant capital
expansion. It further demonstrates JBC's operational capabilities and the
commitment of Arab Potash Company and Albemarle to JBC maintaining its
position as a leader in the global bromine market," said Jamal Al Sarayrah,
Chairman of Arab Potash Company's board of directors.
The partners commenced construction of the existing facilities in 2001, and
operations began in early 2003.
"We are pleased that an existing multi-national business is reinvesting in
Jordan to further grow its business," said Dr. Hatem Al-Halawani, Jordan
Minister of Trade and Industry. "This project is proof of Jordan's powerful
economic potential and encourages new capital programs which mean more jobs
and more prosperity for the region."
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.
"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
Contact: Investor Relations Contact: Lorin Crenshaw, +1-225-388-7322,
Lorin.Crenshaw@albemarle.com; Media Contact: Ashley Mendoza, +1-225-388-7137,
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