Albemarle Corporation

Founded in 1887 and based in Charlotte, Albemarle Corporation is a global leader in lithium, bromine, and specialty chemicals. Operating in 70 countries with 9,000 employees, Albemarle drives innovation in battery technology and sustainable materials for mobility, energy storage, connectivity, and health applications.

Company Location

Country:

United States

City:

Charlotte, North Carolina

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Company Overview

Albemarle Corporation, founded in 1887 in Richmond, Virginia, is a leading global provider of lithium, bromine, and specialty chemicals. Originally a paper manufacturing business, it has evolved into a chemical manufacturing enterprise serving approximately 70 countries with about 9,000 employees. The company focuses on essential materials for mobility, energy storage, connectivity, and health applications and holds over 1,600 active patents showcasing its innovation in chemical manufacturing.

Battery Technology

Albemarle specializes in lithium production and processing for lithium-ion batteries, producing compounds like lithium carbonate, lithium hydroxide, and lithium chloride. Their advanced manufacturing includes innovations for higher kiln loading and reduced calcination times, doubling cathode throughput and saving energy. They develop thin lithium metal anodes with protective coatings to enhance battery life and reduce costs. Albemarle partners with 6K using UniMelt® plasma technology for sustainable battery materials with significantly lower CO2 emissions and water use.

Products

Albemarle produces essential lithium compounds for lithium-ion batteries including lithium carbonate, lithium hydroxide, lithium chloride, and specialized lithium metal anodes with enhanced performance features for electric vehicles and energy storage systems.

Recent Projects

In 2024, Albemarle restructured its organization toward a fully integrated operating model and opened a $200 million lithium research center in Charlotte, North Carolina, focusing on advanced materials and process improvements. The company also gained recognition from TIME Magazine as one of the World’s Best Companies and was listed among America’s Greatest Workplaces for Diversity.

Investors

Major institutional investors include Vanguard Group Inc. (12.1%), Capital Research & Management Co. (11.2%), BlackRock Advisors LLC (11.0%), Fiduciary Trust Company International (9.5%), and State Street Corporation (5.6%).

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