Albemarle awarded Diamond Award by Arkansas Environmental Federation

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Nov 17, 2014, 05:03 ET

BATON ROUGE, La., Nov. 17, 2014 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, announced that it has received the Diamond Award for Excellence in Environmental Leadership by the Arkansas Environmental Federation for its Bromine Recovery Unit located in the Magnolia, Arkansas facility. This is the second time for Albemarle to receive this award. In 2003, Albemarle's Wetland Mitigation Bank in Magnolia received the Diamond Award for Excellence in Environmental Leadership.

Albemarle Corporation's Bromine Recovery Unit in Magnolia, Arkansas

The Diamond Award for Excellence in Environmental Leadership recognizes companies demonstrating initiative and/or leadership in managing their environmental affairs. The winner was determined by an independent panel appointed by the Board of Directors of the Arkansas Environmental Federation.

Albemarle's Bromine Recovery Unit (BRU) is a sustainable waste and energy reduction operation. Instead of sending brominated waste materials off-site for disposal, the BRU provides a means to reprocess both solids and liquids to recover bromine for reuse. The benefits include conserving natural resources, like the brine reserves which make the bromine operations in Magnolia possible, eliminating off-site handling, transportation and disposal of these brominated wastes, and creating a more efficient production operation with lower energy needs. During 2013, the BRU eliminated off-site disposal of over 3.4 million pounds of material and reclaimed 1.6 million pounds of bromine.

"Sustainability is at the heart of everything we do at Albemarle," said Ron Zumstein, Albemarle senior vice president, Manufacturing, Supply Chain & Process Excellence. "We are honored to have received recognition for our employees' efforts designing and operating the Bromine Recovery Unit. Our employees are committed to protecting and enhancing the communities where we operate. This project is a testament to our team's unique ability to deliver innovative products and processes that meet the growing demands of our stakeholders."

About Albemarle

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 two global business units: Performance Chemicals and Catalyst Solutions. Corporate Responsibility Magazine selected Albemarle to its prestigious "100 Best Corporate Citizens" list for 2010, 2011 and 2013. Albemarle employs approximately 3,200 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 and its Quarterly Reports on Form 10-Q.

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SOURCE Albemarle Corporation