Albemarle Corp. (Charlotte, N.C.; www.albemarle.com) announced that it has signed a Heads of Agreement in the field of heavy feedstock hydrocracking for the company’s catalysts business unit.
Sinopec Catalyst Co. (SCC), Sinopec Fushun Research Institute of Petroleum and Petrochemicals (FRIPP), and Albemarle’s catalysts business are combining strengths by cooperating in the field of catalytic hydrocracking. The cooperation will be worldwide and on a non-exclusive basis. Albemarle, SCC and FRIPP will combine forces to be the supplier of choice for supplying hydrocracking pre-treat and hydrocracking catalysts and expertise.
“We are pleased to strengthen our position in hydrocracking by this Heads of Agreement with SCC and FRIPP,” said Silvio Ghyoot, Albemarle’s President, Catalysts. “We look forward to developing this Heads of Agreement further towards a productive business cooperation from which a number of customers around the globe will benefit.”
Mr. Gu Songyuan, President of Sinopec Catalyst Co., stated, “Albemarle is a trusted catalyst supplier in the industry which is why we pursued a partnership with them. Together, we will offer the global refining industry strong profitable solutions for heavy feedstock hydrocracking by combining solid hydrotreating and hydrocracking expertise.”
Mr. Fang Xiangchen, President of Sinopec Fushun Research Institute of Petroleum and Petrochemicals, added, “Combining FRIPP’s hydrocracking pilot plant expertise, references and application knowledge with Albemarle’s hydrotreating know-how will lead to great added value propositions for refiners, enhancing their profitability in a significant way.”