MWV Announces Strategic Alliance with Albemarle to Enter Mercury Emissions Control Market
NORTH CHARLESTON, S.C.-(Business Wire)-September 8, 2009 - MeadWestvaco Specialty Chemicals (NYSE:MWV), a leading global supplier of activated carbon and Albemarle Corporation (NYSE:ALB), a global developer and manufacturer of innovative specialty chemical products announced today the execution of a Memorandum of Understanding (MOU) to form a strategic alliance for the supply of activated carbon in the United States. With this alliance, MWV Specialty Chemicals and Albemarle will cooperate to provide a domestic supply of activated carbon products serving the emerging mercury removal market for the coal-fired power industry.
The alliance creates a superior competitive advantage by leveraging the experience, capabilities, and resources of two industry leading companies. Specifically, the new affiliation establishes an economical, high-performing domestic supply of brominated powdered activated carbon from MWV Specialty Chemicals, while capitalizing on Albemarle’s position as an established supplier of mercury control solutions as well as Albemarle’s position as the largest bromine producer in North America. Under the terms of the alliance the two companies will jointly continue to develop brominated wood-based activated carbons for use in mercury control.
“We are pleased to announce this cooperation between MWV Specialty Chemicals and Albemarle,” said Bob Beckler, president of MWV Specialty Chemicals. “Our differentiated activated carbon technology, combined with Albemarle’s leading position in mercury control technologies, will provide end-users with unique value in the growing mercury emissions control market.”
Unlike other U.S. activated carbon producers, which make their sorbents from coal or lignite, MWV Specialty Chemicals manufactures its carbons from wood. The company’s high quality activated carbons are used for the world’s most challenging purification applications, such as the demanding global automotive industry. Through a joint development program, Albemarle and MWV Specialty Chemicals have developed economical methods to utilize this renewable feedstock for power plant mercury capture, which leverages the business’s strength as a domestic-based producer of high-performance activated carbon products for emissions control.
“Albemarle and MWV Specialty Chemicals are both innovative leaders in creating viable emission solutions for industrial clients,” said Sharon McGee, Albemarle divisional vice president of performance chemicals. “By combining our unique strengths, we will solidify our commitment of delivering a domestic, high performance, sustainable solution for mercury removal to our customers.”
Albemarle Sorbent Technologies, a wholly owned subsidiary of Albemarle Corporation, supplies specialty brominated carbon sorbents, as well as advanced sorbent injection systems and is recognized for its effectiveness in helping coal-fired power plants control mercury emissions. In addition, Albemarle Sorbent Technologies provides full-scale site-trial services to aid environmental and operations managers in developing long-term strategies for compliance with state and federal mercury regulations.
About Albemarle Corporation
Albemarle Corporation, headquartered in Baton Rouge, Louisiana, is a leading global developer, manufacturer and marketer of highly engineered specialty chemicals for consumer electronics; petroleum and petrochemical processing; transportation and industrial products; pharmaceuticals; agricultural products; and construction and packaging materials. The Company operates in three business segments – Polymer Solutions, Catalysts and Fine Chemicals — and serves customers in approximately 100 countries. Learn more about Albemarle at: www.albemarle.com.
About MWV
MeadWestvaco Corporation (NYSE:MWV), provides packaging solutions to many of the world’s most-admired brands in the healthcare, beauty and personal care, food, beverage, media and entertainment, home and garden, tobacco, and commercial print industries. The company's businesses also include Consumer & Office Products, Specialty Chemicals, and the Community Development and Land Management Group, which sustainably manages the company’s land holdings to support its operations, and to provide for conservation, recreation and development opportunities. With 21,000 employees worldwide, MWV operates in 30 countries and serves customers in more than 100 nations. MWV manages all of its forestlands in accordance with internationally recognized forest certification standards, and has been named to the Dow Jones Sustainability World Index for the sixth consecutive year. For more information, please visit www.mwv.com.
 |
 |
 |
|
||
 |
|
 |
|
||
Search Our News Using Google Search
Can't find what you want? Try using Google:
