Albemarle (ALB) 10-K 2007 FY Annual report

Exhibit 12.1

ALBEMARLE CORPORATION

COMPUTATION OF EARNINGS TO FIXED CHARGES

(In Thousands Except for Ratios)

	Year Ended December 31,
	2007			2006			2005			2004			2003
Earnings:
Pre-tax income before adjustment for minority interests in income of consolidated subsidiaries or equity in net income or losses of unconsolidated investments	$	277,819		$	133,386		$	123,438		$	72,538		$	91,443
Fixed Charges:
Interest expense (before capitalized interest)		42,835			45,143			43,138			17,750			5,530
Portion ( 1/3) of rents representing interest factor		8,731			8,284			8,243			6,445			5,416
Total fixed charges		51,566			53,427			51,381			24,195			10,946
Amortization of capitalized interest		1,680			984			1,069			1,091			1,287
Distributed income of unconsolidated investments		11,769			13,536			16,189			4,000			3,493
Interest capitalized		(4,503	)		(1,179	)		(1,167	)		(400	)		(155	)
Minority interests in income of consolidated subsidiaries (net of tax)		(17,632	)		(13,258	)		(7,469	)		(5,101	)		(2,564	)
Pre-tax income before adjustment for minority interests in income of consolidated subsidiaries or equity in net income or losses of unconsolidated investments plus fixed charges, amortization of capitalized interest, less interest capitalized and minority interests in income of consolidated subsidiaries that have not incurred fixed charges	$	320,699		$	186,896		$	183,441		$	96,323		$	104,450
Ratio of earnings of fixed charges		6.2x			3.5x			3.6x			4.0x			9.5x

96