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BATON ROUGE, La., Aug. 7 /PRNewswire-FirstCall/ -- Albemarle Corporation , a leading global supplier of petroleum refining catalysts and additives, will increase the prices of its fluidized catalytic cracking (FCC) catalysts for both heavy feed (Resid) and vacuum gas oil (VGO) cracking applications by 20 percent worldwide, effective September 1, 2008, or as contracts allow. Natural gas and rare earth surcharges will continue to apply.

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Albemarle is a leading, global developer and supplier of hydroprocessing catalysts, FCC catalysts for Resid and VGO cracking, environmental and performance additives, and alternative fuel technologies for refineries worldwide. Many of Albemarle's clean energy solutions help operations that convert heavier, more challenging petroleum feedstocks into higher value products that meet strict global fuel quality and environmental standards.

Albemarle Corporation, headquartered in Baton Rouge, Louisiana, is a leading global developer, manufacturer and marketer of highly engineered specialty chemicals for consumer electronics; petroleum and petrochemical processing; transportation and industrial products; pharmaceuticals; agricultural products; and construction and packaging materials. The Company operates in three business segments -- Polymer Additives, Catalysts and Fine Chemicals -- and serves customers in approximately 100 countries. Learn more about Albemarle at http://www.albemarle.com/.

Forward-Looking Statements:

Portions of this release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although Albemarle Corporation believes its expectations reflected in the release are based on reasonable assumptions within the bounds of its knowledge of its business and operations; there can be no assurance that actual results will not differ materially. Factors that could cause actual results to differ from expectations include, without limitation, the inability to pass through increases in costs and expenses for raw materials and energy; competition from other manufacturers; changes in demand for our products; the gain or loss of significant customers; fluctuations in foreign currencies and increased government regulation of our operations or our products. Additional factors that could cause Albemarle's results to differ materially from those described in the forward-looking statements can be found under "Risk Factors" in item 1A of our Annual Report for the period ended December 31, 2007.