Talk:Ethyl Corporation
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[edit] Cleanup
Re the cleanup question: I assume the methyl bromide alludes to the controversy over Ethyl/Albemarle's production of the stuff: see Corpwatch (strongly POV, but it indicates the issues). Tearlach 12:35, 19 July 2005 (UTC)
Should there be a section with a heading for TEL? RJFJR 17:13, 2 September 2006 (UTC)
Ethyl is part of Newmarket (NYSE:NEU). As a company Ethyl mostly ships fuel additives made by Afton around the world. Ethyl has a marketing and servicing agreement with Innospec (nee Octel) to market and service remaining TEL customers worldwide
The key point about Ethyl is that it managed the shrinkage of the TEL market very nicely while preserving shareholder value. The company divested itself of non-core businesses (aquired during the conglomerate mania of the the 1960s-1980s), aquired complementary businesses to keep its postion as a leading supplier of fuel additives.
As for TEL, Ethyl shut down its TEL operations and bought/buys TEL from Octel (Associated Octel) which was Ethyl's Non-US operations (owned by Great Lakes Chemical Corp) Now Chemtura.Chemtura and ALB were big players in the bromine business. Ethyl needed bromine to make Ethyl Bromide.
GLCC spun out OTL in 1998. Sadly no one wants to be associated with the rich heritage of TEL anymore. So Ethyl changed its name to NewMarket in 2004, and Octel changed its name to Innospec. Of the five TEL plants operating in 1998, there is only one remaining Ellesmere Port UK.
