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 60 is higher than 98% 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 3,353,000,000 kg CO2e. This includes Scope 1 emissions of about 753,000,000 kg CO2e, Scope 2 emissions of approximately 241,000,000 kg CO2e (market-based), and significant Scope 3 emissions totalling around 2,359,000,000 kg CO2e. The previous year, 2023, saw total emissions of about 3,236,000,000 kg CO2e, with Scope 1 at approximately 728,000,000 kg CO2e and Scope 2 at around 273,000,000 kg CO2e (market-based). Albemarle has set ambitious climate commitments, aiming to reduce the carbon intensity of its Specialties segment by 35% for both Scope 1 and Scope 2 emissions by 2030, using 2019 as the baseline. Additionally, the company aspires to achieve net-zero operations by 2050, aligning with the goals of the Paris Agreement. They also plan to reduce SOx emissions by 90% by 2027 compared to 2022 levels. These initiatives reflect Albemarle's commitment to addressing climate change and reducing its overall carbon footprint across all scopes of emissions.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 607,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 358,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 1,675,000,000 | 0,000,000,000 | 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.
