Exhibit 12.1

Albemarle Corporation

Computation of Earnings to Fixed Charges

(In Thousands Except for Ratios)

	Six Months Ended June 30,						Year Ended December 31,
	Pro Forma 2004(1)			2004			Pro Forma 2003(1)			2003			2002			2001			2000			1999
Earnings
Pre-tax income from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees	$	57,146		$	49,896		$	112,504		$	91,443		$	104,501		$	97,841		$	146,162		$	129,760
Fixed Charges
Interest expense (before capitalized interest)		15,770			2,997			31,591			5,530			5,395			6,309			7,190			10,357
Portion (1/3) of rents representing interest factor		2,877			2,708			5,729			5,416			4,866			4,513			4,426			4,613
Total fixed charges		18,647			5,705			37,320			10,946			10,261			10,822			11,616			14,970
Amortization of capitalized interest		578			540			1,369			1,287			1,419			1,484			1,495			1,440
Interest capitalized		(662	)		(79	)		(964	)		(154	)		(325	)		(773	)		(1,192	)		(1,978	)
Minority interest in consolidated subsidiaries		(2,378	)		(2,378	)		(2,564	)		(2,564	)		(2,137	)		—			—			—
Pre-tax income from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees plus fixed charges, amortization of capitalized interest, less interest capitalized and minority interest in pre-tax income of subsidiaries that have not incurred fixed charges	$	73,331		$	53,684		$	147,663		$	100,958		$	113,719		$	109,374		$	158,081		$	144,192
Ratio of earnings to fixed charges		3.9 x			9.4 x			4.0 x			9.2 x			11.1 x			10.1 x			13.6 x			9.6 x

(1) Reflects the acquisition by Albemarle Corporation (the “Company”) of the refinery catalysts business of Akzo Nobel N.V. on July 31, 2004, the completion of the financings related to the acquisition, the refinancing of the Company’s then-existing credit agreement and the payment of related fees and expenses as if such transactions had occurred on January 1, 2003.