Albemarle’s Ketjen, Axens reach new Eurecat relationship, collaboration pacts

Ketjen and Axens SA announced a change to Ketjen and Axens’ ownership of and collaboration with Eurecat. Under the agreements, Ketjen will extend its collaboration with Eurecat on advanced catalyst technologies and services, including regeneration, rejuvenation, ex-situ sulfiding, and spent catalyst processing. In addition, Ketjen will sell its 50 percent ownership stake in Eurecat SA to Axens, along with Ketjen’s Isomerization Catalysts business. Following the completion of the transaction, which is subject to regulatory approval, Axens will assume full ownership of Eurecat. Ketjen is a wholly owned subsidiary of Albemarle (ALB).