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Albermarle Corp to Raise FCC Catalysts Prices Sep 2008

Home Forums CatCracking FCCU-CatCracker Albermarle Corp to Raise FCC Catalysts Prices Sep 2008

This topic contains 3 replies, has 2 voices, and was last updated by  Charles Randall 11 years, 11 months ago.

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  • #3483

    Charles Randall
    Participant

    Albermarle Corp to Raise FCC Catalysts Prices Sept 2008
    Friday August 08, 2008
    Albemarle Corp. will increase the prices of its fluidized catalytic cracking (FCC) catalysts for both heavy feed (Resid) and vacuum gas oil (VGO) cracking applications by 20 percent worldwide, effective September 1, 2008, or as contracts allow. Natural gas and rare earth surcharges will continue to apply.
    Albemarle is a leading, global developer and supplier of hydroprocessing catalysts, FCC catalysts for Resid and VGO cracking, environmental and performance additives, and alternative fuel technologies for refineries worldwide. Many of Albemarle’s clean energy solutions help operations that convert heavier, more challenging petroleum feedstocks into higher value products that meet strict global fuel quality and environmental standards.

  • #6658

    Charles Randall
    Participant

    <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. 

  • #6400

    Anonymous

    FCC Catalyst Prices are going up because all of the three FCC Catalyst Suppliers are talking and rigging prices.  The FTC should investigate.

  • #6399

    Charles Randall
    Participant

    While it may seem that way to you & anything is possible – it is much more likely that all had to finally pass on the raw materials cost of metals contained in the catalysts that rocketed to 2X-3X historic values…..I was supprised they held out this long. (Nickel, Vanadium, Platinum, Moly, Cobalt & ect)
     
    The good news (or bad in regards to global economy) is that almost all of the commoditiy prices on metals and other products have fallen as fast & as hard as they were elevated …… it will be intresting to see how long it takes for them to correct the price for the decrease in cost!
     
    Curious side question – the various outsourced companies that handle catalysts regeneration & disposal of spent catalyst made a killing on desolving the silicon catalyst base and capturing/settling out the metals portion …… did any of them pass back a reduced cost or share some of the profit? Yes thought so.
    Regards

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