Albemarle
Albemarle Corporation, commonly referred to as Albemarle, is a leading global specialty chemicals company headquartered in the United States. Founded in 1994, Albemarle has established a strong presence in key operational regions, including North America, Europe, and Asia. The company primarily operates within the lithium, bromine, and catalyst industries, focusing on innovative solutions that cater to diverse markets. Albemarle is renowned for its high-quality lithium products, which are essential for electric vehicle batteries and renewable energy storage. The company’s commitment to sustainability and advanced technology has positioned it as a market leader, with notable achievements in expanding lithium production capacity. With a robust portfolio and a dedication to innovation, Albemarle continues to shape the future of the specialty chemicals sector.
DitchCarbon Score
How does Albemarle's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Salt and Mineral Mining industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Albemarle's score of 66 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Albemarle's reported carbon emissions
In 2024, Albemarle reported total carbon emissions of approximately 3,000,000,000 kg CO2e, with significant contributions from various scopes. Specifically, Scope 1 emissions were about 753,000,000 kg CO2e, while Scope 2 emissions (market-based) totalled approximately 241,000,000 kg CO2e. Scope 3 emissions were substantial, amounting to around 2,206,000,000 kg CO2e, with the largest share coming from purchased goods and services at about 1,280,000,000 kg CO2e. Albemarle has set ambitious climate commitments, aiming for a 49% reduction in greenhouse gas emissions in Amsterdam by 2030, in line with EU regulations. Additionally, the company targets a 35% reduction in the carbon intensity of its Specialties segment (covering both Scope 1 and 2) by 2030, using 2019 as a baseline. This commitment aligns with science-based targets and reflects a broader strategy to achieve net-zero operations by 2050 across all scopes. The company is also focused on reducing the intensity of freshwater usage by 25% by 2030 in regions identified as high water risk, such as Chile and Jordan. Furthermore, Albemarle aims to reduce SOx emissions by 90% by 2027 compared to 2022 levels, demonstrating a comprehensive approach to mitigating its environmental impact.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 575,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 386,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | 000,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Albemarle is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
