Albemarle has completed the sale of a controlling stake in Ketjen Corporation’s refining catalyst solutions business to affiliates of KPS Capital Partners, while retaining a minority stake as KPS takes operational control and a majority of the board. The company said it will use proceeds, together with those from its January 2026 sale of its 50% interest in the Eurecat joint venture to Axens, for debt reduction and general corporate purposes.

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