Albemarle (ALB) 10-K 2009 FY Annual report

Exhibit 12.1

ALBEMARLE CORPORATION

COMPUTATION OF EARNINGS TO FIXED CHARGES

(In Thousands Except for Ratios)

	Year Ended December 31,
	2009			2008			2007			2006			2005
Earnings:
Pre-tax income before adjustment for net income attributable to noncontrolling interests or equity in net income or losses of unconsolidated investments	$	160,273		$	183,343		$	277,819		$	133,386		$	123,438
Fixed Charges:
Interest expense (before capitalized interest)		25,820			39,171			42,835			45,143			43,138
Portion (1/3) of rents representing interest factor		9,124			10,232			8,731			8,284			8,243
Total fixed charges		34,944			49,403			51,566			53,427			51,381
Amortization of capitalized interest		1,272			1,335			1,680			984			1,069
Distributed income of unconsolidated investments		18,045			13,135			11,769			13,536			16,189
Interest capitalized		(1,236	)		(996	)		(4,503	)		(1,179	)		(1,167	)
Net income attributable to noncontrolling interests (net of tax)		(11,255	)		(18,806	)		(17,632	)		(13,258	)		(7,469	)
Pre-tax income before adjustment for net income attributable to noncontrolling interests or equity in net income or losses of unconsolidated investments plus fixed charges, amortization of capitalized interest, less interest capitalized and net income attributable to noncontrolling interests that have not incurred fixed charges	$	202,043		$	227,414		$	320,699		$	186,896		$	183,441
Ratio of earnings to fixed charges		5.8x			4.6x			6.2x			3.5x			3.6x

96