AMSTERDAM, Nov. 2, 2011 /PRNewswire via COMTEX/ –
Albemarle Corporation (NYSE: ALB) was named “Biodiesel Corporation of the Year” by the World Refining Association during the Biofuels 2011 Annual Meeting in Amsterdam on October 12. This prestigious award, which was presented to representatives from Albemarle’s Alternative Fuel Technologies (AFT) division, recognizes industry leaders that have made substantial contributions in the field of renewable fuels.
“We are honored to be recognized by the WRA for our extensive efforts in the biofuels arena,” said Edgar Steenwinkel, Global Business Director of Albemarle’s AFT division. “Our goal in the AFT division is to develop processes and technologies that can be used to generate viable sources of energy while preserving precious resources for future generations. Thanks to the efforts of our team, our partners, and our customers, we are making significant strides towards that goal.”
Albemarle received the award for its successes in the development and commercialization of highly engineered basic transesterification catalysts for the production of fatty acid methyl-ester (FAME) biodiesel.
Albemarle launched its AFT division in 2007 by leveraging its extensive resources in catalyst technology. Since then, Albemarle has grown into the world’s largest supplier of heterogeneous catalysts to the biofuels market. Collectively, these catalysts make up the company’s GoBio(TM) portfolio.