Exhibit 12.1

ALBEMARLE CORPORATION

COMPUTATION OF EARNINGS TO FIXED CHARGES

(In Thousands Except for Ratios)

	Year Ended December 31,
	2004			2003			2002			2001			2000
Earnings
Pre-tax income from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees	$	72,538		$	91,443		$	104,501		$	97,841		$	146,162
Fixed Charges
Interest expense (before capitalized interest)		17,750			5,530			5,395			6,309			7,190
Portion (1/3) of rents representing interest factor		6,445			5,416			4,866			4,513			4,426
Total fixed charges		24,195			10,946			10,261			10,822			11,616
Amortization of capitalized interest		1,091			1,287			1,419			1,484			1,495
Interest capitalized		(400	)		(155	)		(325	)		(773	)		(1,192	)
Minority interest in consolidated subsidiaries		(5,101	)		(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 changes	$	92,323		$	100,957		$	113,719		$	109,374		$	158,081
Ratio of earnings of fixed changes		3.8	x		9.2	x		11.1	x		10.1	x		13.6	x

90