Price increases will range from $0.30 to $0.60 per kilogram, depending on product, region and packaging for all shipments.
Ethanox antioxidants are used to enhance the stability, improve the performance and extend the storage life of lubricants and fuels. Albemarle’s antioxidants business is part of the company’s polymer additives business segment.
John McChesney, manager of Albemarle’s global additives business, said: Rising costs of raw materials, energy and transportation, in addition to regulatory support, make it necessary for us to implement this price increase now.
