activated carbon - MeadWestvaco
activated carbon - MeadWestvaco
activated carbon - MeadWestvaco
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PRESS RELEASE<br />
Media Contact Investor Relations<br />
Amy Kovach<br />
tel: +1 843-740-2166<br />
mediainquiries@mwv.com<br />
Jason Thompson<br />
tel: +1 804-201-2556<br />
MWV Announces Strategic Alliance with Albemarle to Enter<br />
Mercury Emissions Control Market<br />
<strong>MeadWestvaco</strong> Corporation<br />
Global Headquarters<br />
11013 West Broad Street<br />
Glen Allen VA 23060-5937<br />
+1 804.327.7925 T<br />
+1 804.327.6209 F<br />
www.mwv.com<br />
NORTH CHARLESTON, S.C. (September 08, 2009)—<strong>MeadWestvaco</strong> Specialty Chemicals (NYSE:<br />
MWV), a leading global supplier of <strong>activated</strong> <strong>carbon</strong> and Albemarle Corporation (NYSE: ALB), a global<br />
developer and manufacturer of innovative specialty chemical products announced today the execution of<br />
a Memorandum of Understanding (MOU) to form a strategic alliance for the supply of <strong>activated</strong> <strong>carbon</strong> in<br />
the United States. With this alliance, MWV Specialty Chemicals and Albemarle will cooperate to provide<br />
a domestic supply of <strong>activated</strong> <strong>carbon</strong> products serving the emerging mercury removal market for the<br />
coal-fired power industry.<br />
The alliance creates a superior competitive advantage by leveraging the experience, capabilities, and<br />
resources of two industry leading companies. Specifically, the new affiliation establishes an economical,<br />
high-performing domestic supply of brominated powdered <strong>activated</strong> <strong>carbon</strong> from MWV Specialty<br />
Chemicals, while capitalizing on Albemarle’s position as an established supplier of mercury control<br />
solutions as well as Albemarle’s position as the largest bromine producer in North America. Under the<br />
terms of the alliance the two companies will jointly continue to develop brominated wood-based <strong>activated</strong><br />
<strong>carbon</strong>s for use in mercury control.<br />
“We are pleased to announce this cooperation between MWV Specialty Chemicals and Albemarle,” said<br />
Bob Beckler, president of MWV Specialty Chemicals. “Our differentiated <strong>activated</strong> <strong>carbon</strong> technology,<br />
combined with Albemarle’s leading position in mercury control technologies, will provide end-users with<br />
unique value in the growing mercury emissions control market.”<br />
Unlike other U.S. <strong>activated</strong> <strong>carbon</strong> producers, which make their sorbents from coal or lignite, MWV<br />
Specialty Chemicals manufactures its <strong>carbon</strong>s from wood. The company’s high quality <strong>activated</strong> <strong>carbon</strong>s<br />
are used for the world’s most challenging purification applications, such as the demanding global<br />
automotive industry. Through a joint development program, Albemarle and MWV Specialty Chemicals<br />
have developed economical methods to utilize this renewable feedstock for power plant mercury capture,<br />
which leverages the business’s strength as a domestic-based producer of high-performance <strong>activated</strong><br />
<strong>carbon</strong> products for emissions control.<br />
“Albemarle and MWV Specialty Chemicals are both innovative leaders in creating viable emission<br />
solutions for industrial clients,” said Sharon McGee, Albemarle divisional vice president of performance<br />
chemicals. “By combining our unique strengths, we will solidify our commitment of delivering a domestic,<br />
high performance, sustainable solution for mercury removal to our customers.”
Albemarle Sorbent Technologies, a wholly owned subsidiary of Albemarle Corporation, supplies specialty<br />
brominated <strong>carbon</strong> sorbents, as well as advanced sorbent injection systems and is recognized for its<br />
effectiveness in helping coal-fired power plants control mercury emissions. In addition, Albemarle<br />
Sorbent Technologies provides full-scale site-trial services to aid environmental and operations managers<br />
in developing long-term strategies for compliance with state and federal mercury regulations.<br />
About Albemarle Corporation<br />
Albemarle Corporation, headquartered in Baton Rouge, Louisiana, is a leading global developer,<br />
manufacturer and marketer of highly engineered specialty chemicals for consumer electronics; petroleum<br />
and petrochemical processing; transportation and industrial products; pharmaceuticals; agricultural<br />
products; and construction and packaging materials. The Company operates in three business segments<br />
– Polymer Solutions, Catalysts and Fine Chemicals -- and serves customers in approximately 100<br />
countries. Learn more about Albemarle at: www.albemarle.com.<br />
About MWV<br />
<strong>MeadWestvaco</strong> Corporation (NYSE: MWV), provides packaging solutions to many of the world’s mostadmired<br />
brands in the healthcare, beauty and personal care, food, beverage, media and entertainment,<br />
home and garden, tobacco, and commercial print industries. The company's businesses also include<br />
Consumer & Office Products, Specialty Chemicals, and the Community Development and Land<br />
Management Group, which sustainably manages the company’s land holdings to support its operations,<br />
and to provide for conservation, recreation and development opportunities. With 21,000 employees<br />
worldwide, MWV operates in 30 countries and serves customers in more than 100 nations. MWV<br />
manages all of its forestlands in accordance with internationally recognized forest certification standards,<br />
and has been named to the Dow Jones Sustainability World Index for the sixth consecutive year. For<br />
more information, please visit www.mwv.com.<br />
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