SlideShare una empresa de Scribd logo
1 de 19
Descargar para leer sin conexión
Polyolefin Catalyst Business
  Responding to Market Shifts

          Amy H. Motto
VP Polyolefin and Chemical Catalysts

                                            Advances in Polyolefins: September 2011




                                 VISION 2015 | THE WORLD IN
   A N U NWAVERING COMMITMENT TO B ENEFIT INVESTOR DAY        WHICH WE LIVE
OUTLINE

  • Albemarle: A leading Catalyst Company
  • 1st Market Shift – strong PO production in Middle East and China
  • Organometallics
  • 2nd Market Shift – need for specialty catalysts to compete with ME and
    China
  • Single Site and Ziegler Natta Catalysts
  • Summary




                                 VISION 2015 | INVESTOR DAY
ALBEMARLE STRENGTHS IN INNOVATIVE ORGANOMETALLICS

                          TEL is          Ethyl Opens           Ethyl Opens                     ALB &                    ALB &       ALB Opens
                        Discovered          Plant in            AA Plant in                  Mitsui form               SABIC form      Yeosu
                                           Pasadena               Belgium                      NAA JV                   SOCC JV        Facility
                          (1921)             (1942)                (1976)                       (1997)                   (2009)        (2010)
                                   revenue                                     gross profit
 Relative Market Size




                                          TEL
                                                                                                                                    High Purity
                                                                                                                                    Organometallics


                                                                                             Lithium Alkyls
                                                                                                                                       MAO &
                                                                                                                                     Organoborons

                                                    TEA &                                                  Mg Alkyls
                                                   Al Alkyls
                                                                Metallocenes                                                  Zn Alkyls

                          1920     1930    1940   1950   1960   1970   1980    1990        1995              2000      2005         2010          2015
                                                                                       Ye a r
                                                                              VISION 2015 | INVESTOR DAY


                                                                                                                                                         3
ALBEMARLE CATALYST REVENUE: 2010-2015

      Revenue (Billions)
                                                            Polymer Polymer
                                                                      Catalysts
                                                            Catalysts
                   $0.3                                        Asia
                                                                              25%
                                                              Pacific
            $0.4                                               15% Americas
                                                                       45%
                          $1.6                               Europe
                                                              40%
    $0.9
                                                                      Refinery Catalysts
                                                            Refinery Catalysts
                                                                 75%
    2010   Growth    Growth 2015E
           Through   Through                                 2010 % of Sales
            Market New Products




   Polymer Catalysts significantly contributing to overall Catalyst Growth
                       • 2 new facilities, Yeosu S. Korea and SOCC
                       • SignificantVISION 2015 | INVESTORat existing sites
                                     expansions DAY
ALBEMARLE’S POLYMER CATALYST BUSINESS

                      Polymer Catalysts




   Organometallics      Ziegler Natta                Single Site/
                          Catalysts                  Metallocene
    • Alpha olefins                                   Catalysts
                       • Advantage™ PE
    • CoCatalysts                                    • Activators
                         Line
    • Specialties                                    • Metallocene
                       • Custom
                                                       Components
                       • Donors
                                                     • ActivCatTM
                                                     • Custom


                        VISION 2015 | INVESTOR DAY
1ST MARKET SHIFT: MIGRATION TO MIDDLE EAST

•   The Middle East will be the
    largest consumer of Co-
    Catalysts used for Polyolefin
    production by 2014
•   Today there is no co-
    catalysts manufacturing
    located in the Middle East
    region
•   Albemarle is recognized
    globally as the leader in
    producing, safe handling and
    technical servicing of
    Organometallics



                                                                 Source: CMR


                                    VISION 2015 | INVESTOR DAY
ALBEMARLE IS INVESTING IN JUBAIL, KSA

   Albemarle has responded to this market shift:
   •Saudi Organometallic Chemicals Company – SOCC
   •Startup 4Q 2012 of a 6000 MT TEA plant
   •First Co-Catalyst plant in the region
   •Albemarle will market product from the plant




                             VISION 2015 | INVESTOR DAY
Organometallic Families

                                    Boron, Hafnium, Titanium, Zirconium
                                     •Single Site Activation and Catalysts


           Aluminum Alkyls                                                Gallium & Indium Alkyls
            • Polymerization                                                      • LED’s
        • Olefin oligomerization


     Magnesium Alkyls                     Organometallics                         Zinc Alkyls
• Catalysts for Polymerization                                                       • Solar
                                                                                   • Pharma

                  Tin Alkyls                                                 Lithium Alkyls
              • PVC Stabilization                                              • Elastomer
                                                                                 • Pharma


        Albemarle is the largest Organometallic producer and
           supports PO producers with a diverse portfolio
                                             VISION 2015 | INVESTOR DAY
80+ years of Organometallic Experience

Organometallics
 • Aluminum Alkyls
     • TEA, TNBA, TIBA, TNHA, TNOA
 • Aluminum Alkyl Halides
     • DEAC, EASC, EADC
 • Magnesium Alkyls
     • BEM
 • Zinc Alkyls
     • DEZ
 • Custom Blends




                              VISION 2015 | INVESTOR DAY
2ND MARKET SHIFT – NEED FOR SPECIALTY CATALYSTS

   Shift Drivers
   • Commodity production in ME and China
       • Increasing demand for specialty catalyst in Asia, NA, EU
   • Decreasing dependence on licensors (proprietary) for catalyst supply
       • Catalyst innovation is demanded



     2010 PO Catalyst Market Value                     2020 PO Catalyst Market Value
                $1.9 B                                            $3.2 B


                        Proprietary
                                                                              Proprietary
                          Supply
                                                                                Supply
                           52%
             Merchant                                                            32%
              Supply                                               Merchant
               48%                                                  Supply
                                                                     68%




                                      VISION 2015 | INVESTOR DAY
ALBEMARLE MEETING NEEDS OF CUSTOMERS

• Call on every PP and PE plant in the world


• Strong relationships with Licensors


• Largest PO component producer in the world
  – Organometallics, MAO, Organoborons


• Largest custom producer of single site
  catalysts


• Excellent R&D team focused on developing
  high performing ZN and SSC catalysts




                                  VISION 2015 | INVESTOR DAY
DELIVERING INNOVATIVE TECHNOLOGY FOR
SINGLE SITE FINISHED CATALYSTS
Single Site / Metallocene Catalysts

Components:
• Experience with >100
  Metallocenes
 Albemarle The Global Leader   Finished Single Site Catalysts   ActivCat™ Transformational
                                                                 Productivity Improvement
                               • Custom SSC
 Activators:
                               • ActivCat TM
 • Methyl Aluminoxane (MAO)




                                                                                                      ActivCatTM
 • Organoborons




                                                                Productivity g/g/h
 Albemarle The Global Leader




                                                                                         ActivCatTM
    ActivCatTM Technology demonstrated to work with
    various types of metallocene components used to
    produce both PP and PE

                                                                                         PE           PP
                                                                                     Metallocene System

                                   VISION 2015 | INVESTOR DAY
YEOSU, S. KOREA PLANT

 • R&D lab and pilot plant are operational
 • Intermediate Scale Single Site Manufacturing to start up October 2011
 • Commercial facilities , World Scale MAO and Single Site Catalyst Manufacturing
   will start up 1Q2013




                                  VISION 2015 | INVESTOR DAY
ADVANTAGE™ POLYETHYLENE CATALYSTS

• Advantage™ HD26 and HD46 for HDPE:
    • Suitable for Slurry CSTR and Slurry Loop Process
      Platforms
    • Drop in’ solution for single reactor process                      Ziegler Natta Catalysts
    • Tunable to fit with cascade reactor process                       AdvantageTM line delivers
         • Excellent hydrogen response                                  high performing catalysts
         • Excellent comonomer incorporation                       • Solution-phase: AdvantageTM LL77
         • Excellent resin morphology & bulk density
                                                                   • Slurry: AdvantageTM HD26 &
• Advantage™ LL26 for LLDPE:                                         AdvantageTM HD46
    • Suitable for High Pressure Processes – Autoclave,
      Tubular
    • Unique LLDPE products

• Advantage™ LL77 for LLDPE
    • Bimetallic catalyst for improved balance of resin
      properties
    • Suitable for Solution Process Platforms


                                          VISION 2015 | INVESTOR DAY
ADVANTAGE™ VERSUS STANDARD CATALYST
C8 LLDPE Film Performance
• Superior Comonomer Distribution, Toughness, & Puncture Resistance.
• Better balance in Tear Resistance & Optical Properties




        Advantage™ LL77 offers a better C8-LLDPE resin for Film Applications
                                         VISION 2015 | INVESTOR DAY
MEETING CUSTOMER NEEDS – CUSTOM MANUFACTURING
 Pilot plant                                 Market Development                          Catalyst Manufacturing
 • Batch and continuous processing           • Batch and continuous processing           • Single-site supported catalyst
 • 10 to 100 gallon reactors                 • 50 to 300 gallon Reactors                   production
 • Distillations                             • 500 to 4500 gallon reactors               • Ziegler-Natta catalyst production
 • Solids isolation Basket centrifuge        • Solids isolation: Basket centrifuge,      • Component production
    and Neutche filter                         ConeDryer, Neutsche filters
                                                                                         • Co-catalyst production
 • Tumble and ribbon dryers                  • Tumble Dryer, Wiped film
                                               evaporator, 3 solds
 • Full utilities; refrigeration to -20°C;
                                               recovery/packaging trains
    hot oil
                                             • 3 packed distillation columns
                                               (CS/SS)
                                             • Full utilities; refrigeration to -30°C;
                                               hot oil




                                                     VISION 2015 | INVESTOR DAY
ALBEMARLE’S POLYOLEFIN CATALYST FACILITIES


 Existing Facilities
 Baton Rouge, LA
 Pasadena, TX
 Orangeburg, SC
 Tyrone, PA
 Feluy, Belgium
 Osaka, Japan (JV)
 Nanjing, China

  New Facilities
  Jubail, KSA (JV)
  Yeosu, Korea
                                                            Legend

                                                       Distribution Site
                                                           R&D Facility

                                                     Production Facility
                        VISION 2015 | INVESTOR DAY
INNOVATIVE TECHNOLOGY BUILDING ON CORE STRENGTHS

    • Ziegler-Natta PE Finished Catalysts
    • Single Site Metallocene Catalysts
    • Co-catalysts
     • Aluminum alkyls
     • MAO & MMAO
     • Organoborons
     • Metallocene components
    • Magnesium and Zinc Alkyls
    • Z-N PP Donors
     • C Type


     Our innovative technology in tandem with expanded core product
       offerings support customer needs for value-creation globally

                                      VISION 2015 | INVESTOR DAY
ALBEMARLE VALUE CREATION TO CUSTOMERS

  Albemarle is well suited and committed to meet demands created
  by PO Market Shifts
  • Fully integrated catalyst supplier
  • Control and manage supply chain
  • Expanding manufacturing capacity and capability globally
  • World class product and safety stewardship
  • Supporting our customers through process development and innovation
  • Offering partnership in Value Creation to our customers




                                         VISION 2015 | INVESTOR DAY

Más contenido relacionado

Similar a Albemarrle

Quarter II 2011 Short Form 20 April (2)
Quarter II 2011 Short Form 20 April (2)Quarter II 2011 Short Form 20 April (2)
Quarter II 2011 Short Form 20 April (2)Greg_Croft
 
Responding to R&D Challenges in a Changing Industry
Responding to R&D Challenges in a Changing IndustryResponding to R&D Challenges in a Changing Industry
Responding to R&D Challenges in a Changing IndustryInnoval Technology
 
Q1 2005 Motorola Inc. Earnings Conference Call Presentation
Q1 2005 Motorola Inc. Earnings Conference Call PresentationQ1 2005 Motorola Inc. Earnings Conference Call Presentation
Q1 2005 Motorola Inc. Earnings Conference Call Presentationfinance7
 
John Tumazos Very Independent Research Metals and Natural Resources Conference
John Tumazos Very Independent Research Metals and Natural Resources ConferenceJohn Tumazos Very Independent Research Metals and Natural Resources Conference
John Tumazos Very Independent Research Metals and Natural Resources ConferenceRoyalGold
 
Olie presentation short feb 2013
Olie presentation short feb 2013Olie presentation short feb 2013
Olie presentation short feb 2013Ricky De Sousa
 
sunoco Merrill Lynch Global Energy Mid and Small Cap Conference Presentation
sunoco Merrill Lynch Global Energy Mid and Small Cap Conference Presentationsunoco Merrill Lynch Global Energy Mid and Small Cap Conference Presentation
sunoco Merrill Lynch Global Energy Mid and Small Cap Conference Presentationfinance6
 
Gembicki presentation
Gembicki presentationGembicki presentation
Gembicki presentationBizsprouts
 
Regional key account strategy: L'oréal
Regional key account strategy: L'oréalRegional key account strategy: L'oréal
Regional key account strategy: L'oréalPatrick (Pat) Harlow
 
Olie presentation jan 23 2013 th final
Olie presentation jan 23 2013 th finalOlie presentation jan 23 2013 th final
Olie presentation jan 23 2013 th finalBenjamin Funds
 
Sanford Bernstein Strategic Decisions Conference
Sanford Bernstein Strategic Decisions ConferenceSanford Bernstein Strategic Decisions Conference
Sanford Bernstein Strategic Decisions Conferencefinance5
 
Company Overview - Sharon Bio-Medicine Ltd.
Company Overview - Sharon Bio-Medicine Ltd.Company Overview - Sharon Bio-Medicine Ltd.
Company Overview - Sharon Bio-Medicine Ltd.suchitramestry
 

Similar a Albemarrle (15)

Quarter II 2011 Short Form 20 April (2)
Quarter II 2011 Short Form 20 April (2)Quarter II 2011 Short Form 20 April (2)
Quarter II 2011 Short Form 20 April (2)
 
Responding to R&D Challenges in a Changing Industry
Responding to R&D Challenges in a Changing IndustryResponding to R&D Challenges in a Changing Industry
Responding to R&D Challenges in a Changing Industry
 
Q1 2005 Motorola Inc. Earnings Conference Call Presentation
Q1 2005 Motorola Inc. Earnings Conference Call PresentationQ1 2005 Motorola Inc. Earnings Conference Call Presentation
Q1 2005 Motorola Inc. Earnings Conference Call Presentation
 
John Tumazos Very Independent Research Metals and Natural Resources Conference
John Tumazos Very Independent Research Metals and Natural Resources ConferenceJohn Tumazos Very Independent Research Metals and Natural Resources Conference
John Tumazos Very Independent Research Metals and Natural Resources Conference
 
cmi_050926
cmi_050926cmi_050926
cmi_050926
 
cmi_050926
cmi_050926cmi_050926
cmi_050926
 
Olie presentation short feb 2013
Olie presentation short feb 2013Olie presentation short feb 2013
Olie presentation short feb 2013
 
sunoco Merrill Lynch Global Energy Mid and Small Cap Conference Presentation
sunoco Merrill Lynch Global Energy Mid and Small Cap Conference Presentationsunoco Merrill Lynch Global Energy Mid and Small Cap Conference Presentation
sunoco Merrill Lynch Global Energy Mid and Small Cap Conference Presentation
 
Gembicki presentation
Gembicki presentationGembicki presentation
Gembicki presentation
 
Regional key account strategy: L'oréal
Regional key account strategy: L'oréalRegional key account strategy: L'oréal
Regional key account strategy: L'oréal
 
Ccr day presentation
Ccr day presentationCcr day presentation
Ccr day presentation
 
Olie presentation jan 23 2013 th final
Olie presentation jan 23 2013 th finalOlie presentation jan 23 2013 th final
Olie presentation jan 23 2013 th final
 
Air tel
Air telAir tel
Air tel
 
Sanford Bernstein Strategic Decisions Conference
Sanford Bernstein Strategic Decisions ConferenceSanford Bernstein Strategic Decisions Conference
Sanford Bernstein Strategic Decisions Conference
 
Company Overview - Sharon Bio-Medicine Ltd.
Company Overview - Sharon Bio-Medicine Ltd.Company Overview - Sharon Bio-Medicine Ltd.
Company Overview - Sharon Bio-Medicine Ltd.
 

Albemarrle

  • 1. Polyolefin Catalyst Business Responding to Market Shifts Amy H. Motto VP Polyolefin and Chemical Catalysts Advances in Polyolefins: September 2011 VISION 2015 | THE WORLD IN A N U NWAVERING COMMITMENT TO B ENEFIT INVESTOR DAY WHICH WE LIVE
  • 2. OUTLINE • Albemarle: A leading Catalyst Company • 1st Market Shift – strong PO production in Middle East and China • Organometallics • 2nd Market Shift – need for specialty catalysts to compete with ME and China • Single Site and Ziegler Natta Catalysts • Summary VISION 2015 | INVESTOR DAY
  • 3. ALBEMARLE STRENGTHS IN INNOVATIVE ORGANOMETALLICS TEL is Ethyl Opens Ethyl Opens ALB & ALB & ALB Opens Discovered Plant in AA Plant in Mitsui form SABIC form Yeosu Pasadena Belgium NAA JV SOCC JV Facility (1921) (1942) (1976) (1997) (2009) (2010) revenue gross profit Relative Market Size TEL High Purity Organometallics Lithium Alkyls MAO & Organoborons TEA & Mg Alkyls Al Alkyls Metallocenes Zn Alkyls 1920 1930 1940 1950 1960 1970 1980 1990 1995 2000 2005 2010 2015 Ye a r VISION 2015 | INVESTOR DAY 3
  • 4. ALBEMARLE CATALYST REVENUE: 2010-2015 Revenue (Billions) Polymer Polymer Catalysts Catalysts $0.3 Asia 25% Pacific $0.4 15% Americas 45% $1.6 Europe 40% $0.9 Refinery Catalysts Refinery Catalysts 75% 2010 Growth Growth 2015E Through Through 2010 % of Sales Market New Products Polymer Catalysts significantly contributing to overall Catalyst Growth • 2 new facilities, Yeosu S. Korea and SOCC • SignificantVISION 2015 | INVESTORat existing sites expansions DAY
  • 5. ALBEMARLE’S POLYMER CATALYST BUSINESS Polymer Catalysts Organometallics Ziegler Natta Single Site/ Catalysts Metallocene • Alpha olefins Catalysts • Advantage™ PE • CoCatalysts • Activators Line • Specialties • Metallocene • Custom Components • Donors • ActivCatTM • Custom VISION 2015 | INVESTOR DAY
  • 6. 1ST MARKET SHIFT: MIGRATION TO MIDDLE EAST • The Middle East will be the largest consumer of Co- Catalysts used for Polyolefin production by 2014 • Today there is no co- catalysts manufacturing located in the Middle East region • Albemarle is recognized globally as the leader in producing, safe handling and technical servicing of Organometallics Source: CMR VISION 2015 | INVESTOR DAY
  • 7. ALBEMARLE IS INVESTING IN JUBAIL, KSA Albemarle has responded to this market shift: •Saudi Organometallic Chemicals Company – SOCC •Startup 4Q 2012 of a 6000 MT TEA plant •First Co-Catalyst plant in the region •Albemarle will market product from the plant VISION 2015 | INVESTOR DAY
  • 8. Organometallic Families Boron, Hafnium, Titanium, Zirconium •Single Site Activation and Catalysts Aluminum Alkyls Gallium & Indium Alkyls • Polymerization • LED’s • Olefin oligomerization Magnesium Alkyls Organometallics Zinc Alkyls • Catalysts for Polymerization • Solar • Pharma Tin Alkyls Lithium Alkyls • PVC Stabilization • Elastomer • Pharma Albemarle is the largest Organometallic producer and supports PO producers with a diverse portfolio VISION 2015 | INVESTOR DAY
  • 9. 80+ years of Organometallic Experience Organometallics • Aluminum Alkyls • TEA, TNBA, TIBA, TNHA, TNOA • Aluminum Alkyl Halides • DEAC, EASC, EADC • Magnesium Alkyls • BEM • Zinc Alkyls • DEZ • Custom Blends VISION 2015 | INVESTOR DAY
  • 10. 2ND MARKET SHIFT – NEED FOR SPECIALTY CATALYSTS Shift Drivers • Commodity production in ME and China • Increasing demand for specialty catalyst in Asia, NA, EU • Decreasing dependence on licensors (proprietary) for catalyst supply • Catalyst innovation is demanded 2010 PO Catalyst Market Value 2020 PO Catalyst Market Value $1.9 B $3.2 B Proprietary Proprietary Supply Supply 52% Merchant 32% Supply Merchant 48% Supply 68% VISION 2015 | INVESTOR DAY
  • 11. ALBEMARLE MEETING NEEDS OF CUSTOMERS • Call on every PP and PE plant in the world • Strong relationships with Licensors • Largest PO component producer in the world – Organometallics, MAO, Organoborons • Largest custom producer of single site catalysts • Excellent R&D team focused on developing high performing ZN and SSC catalysts VISION 2015 | INVESTOR DAY
  • 12. DELIVERING INNOVATIVE TECHNOLOGY FOR SINGLE SITE FINISHED CATALYSTS Single Site / Metallocene Catalysts Components: • Experience with >100 Metallocenes Albemarle The Global Leader Finished Single Site Catalysts ActivCat™ Transformational Productivity Improvement • Custom SSC Activators: • ActivCat TM • Methyl Aluminoxane (MAO) ActivCatTM • Organoborons Productivity g/g/h Albemarle The Global Leader ActivCatTM ActivCatTM Technology demonstrated to work with various types of metallocene components used to produce both PP and PE PE PP Metallocene System VISION 2015 | INVESTOR DAY
  • 13. YEOSU, S. KOREA PLANT • R&D lab and pilot plant are operational • Intermediate Scale Single Site Manufacturing to start up October 2011 • Commercial facilities , World Scale MAO and Single Site Catalyst Manufacturing will start up 1Q2013 VISION 2015 | INVESTOR DAY
  • 14. ADVANTAGE™ POLYETHYLENE CATALYSTS • Advantage™ HD26 and HD46 for HDPE: • Suitable for Slurry CSTR and Slurry Loop Process Platforms • Drop in’ solution for single reactor process Ziegler Natta Catalysts • Tunable to fit with cascade reactor process AdvantageTM line delivers • Excellent hydrogen response high performing catalysts • Excellent comonomer incorporation • Solution-phase: AdvantageTM LL77 • Excellent resin morphology & bulk density • Slurry: AdvantageTM HD26 & • Advantage™ LL26 for LLDPE: AdvantageTM HD46 • Suitable for High Pressure Processes – Autoclave, Tubular • Unique LLDPE products • Advantage™ LL77 for LLDPE • Bimetallic catalyst for improved balance of resin properties • Suitable for Solution Process Platforms VISION 2015 | INVESTOR DAY
  • 15. ADVANTAGE™ VERSUS STANDARD CATALYST C8 LLDPE Film Performance • Superior Comonomer Distribution, Toughness, & Puncture Resistance. • Better balance in Tear Resistance & Optical Properties Advantage™ LL77 offers a better C8-LLDPE resin for Film Applications VISION 2015 | INVESTOR DAY
  • 16. MEETING CUSTOMER NEEDS – CUSTOM MANUFACTURING Pilot plant Market Development Catalyst Manufacturing • Batch and continuous processing • Batch and continuous processing • Single-site supported catalyst • 10 to 100 gallon reactors • 50 to 300 gallon Reactors production • Distillations • 500 to 4500 gallon reactors • Ziegler-Natta catalyst production • Solids isolation Basket centrifuge • Solids isolation: Basket centrifuge, • Component production and Neutche filter ConeDryer, Neutsche filters • Co-catalyst production • Tumble and ribbon dryers • Tumble Dryer, Wiped film evaporator, 3 solds • Full utilities; refrigeration to -20°C; recovery/packaging trains hot oil • 3 packed distillation columns (CS/SS) • Full utilities; refrigeration to -30°C; hot oil VISION 2015 | INVESTOR DAY
  • 17. ALBEMARLE’S POLYOLEFIN CATALYST FACILITIES Existing Facilities Baton Rouge, LA Pasadena, TX Orangeburg, SC Tyrone, PA Feluy, Belgium Osaka, Japan (JV) Nanjing, China New Facilities Jubail, KSA (JV) Yeosu, Korea Legend Distribution Site R&D Facility Production Facility VISION 2015 | INVESTOR DAY
  • 18. INNOVATIVE TECHNOLOGY BUILDING ON CORE STRENGTHS • Ziegler-Natta PE Finished Catalysts • Single Site Metallocene Catalysts • Co-catalysts • Aluminum alkyls • MAO & MMAO • Organoborons • Metallocene components • Magnesium and Zinc Alkyls • Z-N PP Donors • C Type Our innovative technology in tandem with expanded core product offerings support customer needs for value-creation globally VISION 2015 | INVESTOR DAY
  • 19. ALBEMARLE VALUE CREATION TO CUSTOMERS Albemarle is well suited and committed to meet demands created by PO Market Shifts • Fully integrated catalyst supplier • Control and manage supply chain • Expanding manufacturing capacity and capability globally • World class product and safety stewardship • Supporting our customers through process development and innovation • Offering partnership in Value Creation to our customers VISION 2015 | INVESTOR DAY