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RE: Albermarle Corp to Raise FCC Catalysts Prices Sep 2008

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Charles Randall

<Also earlier post July 2008 @ BASF below – all price raises seem go against declining markets>:

BASF Catalysts LLC increases prices for FCC catalysts and additives
By: Theodore Lowen  July 07, 2008
Iselin, NJ – BASF Catalysts today announced it is raising prices worldwide for its petroleum refinery catalysts and additives, which are used to produce gasoline and other fuels, by 15 percent, or as contracts allow. The price increase will be effective August 1, 2008. The increase is in addition to an earlier price increase announced by the company on April 23, 2008.
“Continued, unprecedented higher energy costs, combined with persistently higher crude oil prices have significantly increased the cost to manufacture these products, with a particularly strong impact on transportation and raw materials costs, said Deon Carter, Global Business Director – Refining, Process Catalysts & Technologies, for BASF Catalysts. While ongoing productivity initiatives have counteracted some of this impact, we find these additional price increases necessary to partially offset some of these costs while maintaining our increased investment in research and development and high-quality manufacturing capacity to meet growing worldwide demand. 
BASFs refinery technologies include state-of-the-art fluid catalytic cracking (FCC) catalysts that help refiners to increase yields of gasoline, diesel, and other fuels cost effectively. The price increase also applies to the companys FCC additives, which are used to help boost fuel production and improve environmental performance. 

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