Ethyl Corporation

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Ethyl Corporation is a chemical company headquartered in [[Richmond, Virginia]. The company is a manufacturer of fuel and lubricant additives. Among other products, Ethyl Corporation manufactures TEL(tetraethyl lead), a gasoline antiknock additive. Tetraethyl lead has been recognized as a contributor to soil and water lead pollution. Ethyl Corporation denies that TEL poses significant health risks.

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In 1962, Albemarle Paper Manufacturing Company, in Richmond, borrowed $200 million and purchased Ethyl Corporation (Delaware), a corporation 13 times its size. Albemarle then changed its name to Ethyl Corporation.

After expanding and diversifying during the 1980s, Ethyl began to spin off a number of divisions. The aluminum, plastics, and energy units became Tredegar Industries in 1989. In 1993, it spun off its life insurance company, First Colony Life, and then in 1994, the specialty chemicals business was spun off as an independent, publicly traded company named Albemarle Corporation.

Eventually, Ethly corporation became NewMarket Corporation, the parent company of Afton Chemical Corporation and Ethyl Corporation.