Albemarle(US:ALB)2026-02-11 21:49Financial Transactions - The company expects to receive approximately $536 million in cash from the divestiture of its controlling ownership interest in Ketjen's Refining Solutions business, with the transaction expected to be completed in Q1 2026 [59]. - The company completed the sale of its 50% ownership interest in Eurecat S.A. for approximately $123 million in cash on January 23, 2026 [60]. - The company paid approximately $380 million in cash to acquire the remaining 40% ownership of the Kemerton lithium hydroxide processing facility, restructuring the MARBL joint venture [61]. Environmental Goals - The company aims to reduce greenhouse gas emissions by 35% by 2030 from a 2019 baseline, specifically targeting its Specialties and Ketjen segments [55]. - The company plans to reduce its intensity of freshwater usage by 25% by 2030 in areas of high water risk, such as Chile and Jordan [56]. - The company is investing in new process technologies to reduce its water footprint and expand capacity sustainably in high water risk locations [56]. - The company is committed to responsible management of natural resources, including mineral resource transparency and maximizing the recovery of extracted minerals [57]. Financial Risk Management - The company has foreign currency forward contracts with an aggregate notional value of $2.4 billion, with a net liability position of $2.6 million as of December 31, 2025 [529]. - A hypothetical 100 basis point increase in average interest rates applicable to the company's variable interest rate borrowings would change annualized interest expense by approximately $0.2 million [530]. - The company has variable interest rate borrowings of $17.9 million and $27.5 million outstanding at December 31, 2025 and 2024, respectively, representing 1% of total outstanding debt [530].