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People & Business :: Earnings/Finance
Albemarle, Grace raise FCC catalyst prices
2:50 PM MDT | April 10, 2013 | Lindsay Frost
Albemarle announced today that it is increasing global prices of its fluid catalytic cracking (FCC) catalysts by about $350/m.t., effective immediately. The company says the increase will allow its heavy oil upgrading business, which its new refinery catalyst solutions group is a part of, “continue its focus on product quality, innovation and services.” W.R. Grace also recently announced price increases of its FCC catalysts and additives by 10%. Today, the company lowered its outlook for 2013 partially due to lower sales volumes expected in its...
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