Innospec Inc. develops, manufactures, blends, markets, and supplies fuel additives, oilfield chemicals, personal care and other specialty chemicals. The company’s products are sold primarily to oil and gas exploration and production companies, oil refineries, fuel users, personal care companies, and other chemical and industrial companies worldwide. Segments The company operates through three segments, including Fuel Specialties, Performance Chemicals, and Octane Additives. Fuel Specialties The Fuel Specialties segment develops, manufactures, blends, markets and supplies a range of specialty chemical products used as additives to a range of fuels. These fuel additive products help improve fuel efficiency, boost engine performance and reduce harmful emissions; and are used in the efficient operation of automotive, marine and aviation engines, power station generators, and heating oil. This segment also includes the company’s activities in the oilfield services sector, which develops and markets products to prevent loss of mud in drilling operations, chemical solutions for fracturing and stimulation operations and products for oil and gas production which aid flow assurance and asset integrity. Customers: The company’s customers in this segment include national oil companies, multinational oil companies, oil and gas exploration and production companies, and fuel retailers. Performance Chemicals The Performance Chemicals segment provides technology-based solutions for its customers’ processes or products focused in the personal care and polymers markets. Customers: The company’s customers in this segment include large multinational companies, manufacturers of personal care and household products and specialty chemical manufacturers operating in niche industries. Octane Additives The Octane Additives segment produces and sells tetra ethyl lead (TEL) for use in automotive gasoline and provides services in respect of environmental remediation. Sales of TEL for use in automotive gasoline are made principally to state-owned refineries located in Northern Africa. The company’s environmental remediation business manages the cleanup of redundant TEL plants as refineries complete the transition to unleaded gasoline. Strategy The company’s strategy is to develop new and improved products and technologies to continue to strengthen and increase its market positions within its Fuel Specialties and Performance Chemicals segments. Customers In 2015, the company had a significant customer in the Fuel Specialties segment, Royal Dutch Shell plc and its affiliates, which accounted for $65.8 million (6.5%) of its net group sales. Research, Development, Testing and Technical Support For the year ended December 31, 2015, the company’s expenditures to support research, product/application development and technical support services were $25.3 million. Intellectual Property The trademark ‘Innospec and the Innospec device’ in Classes 1, 2 and 4 of the ‘International Classification of Goods and Services for the Purposes of the Registration of Marks’ are registered in all jurisdictions in which the company has a market presence. Health, Safety and Environmental Matters The European Union legislation known as the Registration, Evaluation and Authorization of Chemical Substances Regulations requires majority of the company’s products to be registered with the European Chemicals Agency. History The company was founded in 1938. It was formerly known as Octel Corp. and changed its name to Innospec Inc. in 2006.
innospec inc (IOSP:NASDAQ GS)
8310 South Valley Highway
Englewood, CO 80112
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