The Joint Venture enterprise was established in December 5, 2008

The Joint Venture enterprise was established in December 5, 2008; Albemarle's subsidiary, Albemarle Holdings Limited owns 75-percent shares.

The vice president of Albemarle's performance chemicals division said: Depending on the existing market position and influence in the Chinese bromine derivatives industry and Albemarle's leadership position in the bromine industry, the Joint Venture will create a new growth platform for Albemarle in Shandong province, the heart of the Chinese bromine and derivatives market.

Albemarle Corporation, headquartered in Baton Rouge, Louisiana, is a premier specialty chemicals company with leading positions in attractive end markets around the world. With a broad customer reach and diverse end markets, Albemarle develops, manufactures and markets technologically advanced and high value added products, including lithium and lithium compounds, bromine and derivatives, catalysts and surface treatment chemistries used in a wide range of applications including consumer electronics, flame retardants, metal processing, plastics, contemporary and alternative transportation vehicles, refining,  pharmaceuticals, agriculture, construction and custom chemistry services.