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 42 is higher than 68% 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 2023, Albemarle Corporation reported total carbon emissions of approximately 3,236,000,000 kg CO2e. This figure includes 728,000,000 kg CO2e from Scope 1 emissions, 273,000,000 kg CO2e from market-based Scope 2 emissions, and 2,235,000,000 kg CO2e from Scope 3 emissions. The combined Scope 1 and 2 emissions totalled about 1,001,000,000 kg CO2e. Albemarle has set ambitious climate commitments, aiming to reduce the carbon intensity of its Specialties segment by 35% by 2030, using 2019 as the baseline year. This target applies to both Scope 1 and Scope 2 emissions. Additionally, the company has committed to a significant reduction of sulphur oxides (SOx) emissions, targeting a 90% decrease by 2027 compared to 2022 levels. The company’s emissions data is not cascaded from any parent organisation, and all reported figures are directly sourced from Albemarle Corporation. The firm is actively working towards aligning its operations with science-based targets, demonstrating a commitment to sustainability and climate action within the chemical industry.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 575,000,000 | 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 |
| Scope 3 | - | - | - | 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.
