Albemarle (ALB) S-3ASR Automatic shelf registration

Exhibit 12.1

ALBEMARLE CORPORATION

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(In Thousands, Except for Ratios)

	Six months ended June 30, 2014			Year Ended December 31,
				2013			2012			2011			2010			2009
Earnings:
Pre-tax income from continuing operations before adjustment for net income attributable to noncontrolling interests or equity in net income or losses of unconsolidated investments	$	170,821		$	538,442		$	368,212		$	482,531		$	368,489		$	117,527
Fixed Charges:
Interest expense (before capitalized interest)		18,723			37,701			38,777			39,992			26,624			25,820
Portion (1/3) of rents representing interest factor		4,822			10,241			11,028			10,298			9,669			9,124
Total fixed charges		23,545			47,942			49,805			50,290			36,293			34,944
Amortization of capitalized interest		975			1,987			1,527			1,242			1,214			1,272
Distributed income of unconsolidated investments		11,944			21,632			26,908			23,685			16,414			18,045
Interest capitalized		(1,217	)		(6,142	)		(5,977	)		(2,418	)		(1,091	)		(1,236	)
Net income attributable to noncontrolling interests (net of tax)		(14,584	)		(26,663	)		(18,591	)		(28,083	)		(13,639	)		(11,255	)
Pre-tax income from continuing operations 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	$	191,484		$	577,198		$	421,884		$	527,247		$	407,680		$	159,297
Ratio of earnings to fixed charges		8.1			12.0			8.5			10.5			11.2			4.6