Innospec Inc. develops, manufactures, blends, markets, and supplies fuel additives, oilfield chemicals, personal care and fragrance ingredients and other specialty chemicals. The company’s products are sold primarily to oil and gas exploration and production companies, oil refineries, personal care and fragrance companies, and other chemical and industrial companies worldwide. Segments The company operates through three segments: Fuel Specialties (including Oilfield Specialties), Performance Chemicals, and Octane Additives. Fuel Specialties This 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 are used in the operation of automotive, marine and aviation engines, power station generators, and heating and diesel particulate filter systems. This segment also includes the company’s activities in the oilfield specialties sector. During 2014, the company completed the acquisition of Independence Oilfield Chemicals LLC, as part of its strategy of building a new market leader in the oilfield specialties sector. 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 This segment provides technology-based solutions for the company’s customers’ processes or products focused in the personal care; polymers; and fragrance ingredients markets. This segment has also grown organically, through the development and marketing of products to the personal care industry. 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 This segment produces and sells tetra ethyl lead for use in automotive gasoline and provides services in respect of the company’s environmental remediation business. Sales of tetra ethyl lead 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 tetra ethyl lead plants as refineries complete the move away from leaded gasoline. Customers In 2014, the company had a major customer in the Fuel Specialties segment, Royal Dutch Shell plc and its affiliates, which accounted for 8.5% of its net group sales. 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. 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. Research, Development, Testing and Technical Support The company’s expenditures to support research, product/application development and technical support services were $22.2 million in 2014. 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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