Albemarle Corp has acquired Catilin, a technology company engaged in the development in the biofuels market.
US based Albemarle believes that Catilin’s technology and products will further strengthen its offerings for the renewable fuels market.
Albemarle will also benefit from a number of R&D and distribution synergies resulting from the acquisition of Catilin, based in Iowa,US.
Albemarle said the company launched its Alternative Fuel Technology division in 2007.
Albemarle is a developer, manufacturer, and marketer of specialty chemicals for consumer electronics, petroleum refining, utilities, packaging, construction, automotive/transportation, pharmaceuticals, crop protection, food-safety and custom chemistry services.