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  • CHARLOTTE, N.C. , June 3, 2025 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity, and health, today published its 2024 Sustainability Report . Entitled, Values-Led, Purpose-Driven, , the report provides an update on Albemarle's achievements in line with the company's sustainability goals. "As a values-led organization, sustainability is foundational to how we choose to operate," said Albemarle Chairman and CEO Kent Masters. "The initiatives outlined in this report speak to our commitment to creating a more resilient world. We remain dedicated to minimizing our environmental…, Report Highlights, Reducing our carbon footprint, Due to efficiency improvements and increased procurement of renewable and carbon-free electricity, we remain on track to grow our Energy Storage business in a scope 1 and 2 carbon intensity-neutral manner. In addition, our Specialties and Ketjen segments also remain on track to meet their 2030 scope 1 and 2 carbon emissions targets on an absolute basis. 24% of our total electricity consumed was…, Practicing responsible freshwater management, Our operations in Chile and Jordan are on track to meet our 2030 freshwater intensity target. In Chile, we achieved an additional 28% reduction in freshwater intensity by further optimizing the efficiency of our La Negra facility and completing the first year of continuous operation for our Salar Yield Improvement Project. At our Jordan Bromine Company (JBC) joint venture, we achieved the…, Supporting our customers' sustainability goals, We expanded the development of externally verified Product Carbon Footprints to include more bromine and lithium products from locations in the U.S., Jordan and China., Promoting the resilience of our communities, A human rights assessment was conducted at our Salar de Atacama site in Chile to confirm our standards and tools align with global best practices to protect the rights of our employees, suppliers and communities. To read Albemarle's 2024 Sustainability Report, visit the company's website at www.albemarle.com . The report was developed with reference to the Global Reporting Initiative (GRI)…, About Albemarle,   Albemarle Corp. (NYSE: ALB) leads the world in transforming essential resources into critical ingredients for mobility, energy, connectivity and health. We partner to pioneer new ways to move, power, connect and protect with people and planet in mind. A reliable and high-quality global supply of lithium and bromine allows us to deliver advanced solutions for our customers. Learn more about how…, FORWARD-LOOKING STATEMENTS, The 2024 Sustainability Report and our sustainability webpage contain statements relating to Albemarle's operations, growth strategies and sustainability plans that are based on our current expectations, anticipations and beliefs regarding the future, which constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking…, Media Contact: , Peter Smolowitz, +1 (980) 308-6310,  [email protected], Investor Relations Contact: , +1 (980) 299-5700,  [email protected]   View original content to download multimedia: https://www.prnewswire.com/news-releases/albemarle-publishes-2024-sustainability-report-updates-efforts-to-reduce-carbon-footprint-manage-freshwater-responsibly-and-support-customers-sustainability-goals-302471310.html SOURCE Albemarle Corporation
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  • Albemarle is preparing to begin an additional drilling campaign at the Kings Mountain Mine site which is essential for short-term and long-term mine planning and de-risking potential capital investment. The site is one of the few known hard-rock lithium deposits in the United States, and the additional drilling is expected to further build upon the company’s high level of confidence of the…, Project Overview,   The drilling campaign will build upon previous drilling campaigns and is scheduled to start in early June and continue through the end of the year. The plan includes drilling approximately 50,000 feet in total, consisting of 30-35 individual boreholes ranging from 800 to 1,400 feet deep. This effort will obtain essential geological data and test extensions of the resource to support mining…, Drilling Methodology , The project will utilize diamond core drilling, a method of drilling which employs a hollow rotary drill bit embedded with diamonds to extract solid rock core samples from below the surface. This method is known for its precision and minimal surface disturbance, operating quietly and producing negligible vibrations. The surrounding community should not expect to feel this activity. , Safety and Environmental Considerations , Albemarle is committed to safety and environmental stewardship. The 2023 drilling campaign performed over 100,000 feet of diamond core drilling and achieved over 450,000 work-hours without any injuries. For the upcoming campaign, enhanced safety measures include comprehensive risk assessments, increased safety oversight of the drilling contractor and regular audits.  To minimize the potential for…, Impact on Kings Mountain Gateway Trail,   The Kings Mountain Gateway Trail is not expected to be closed due to the drilling operations. However, the trail may be temporarily affected by other work being performed at the mine site throughout the year. Albemarle is committed to minimizing any disruptions and will provide updates as necessary. 
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