Innospec Inc is a Delaware corporation which became an independent company on May 22, 1998. The Company develops, manufactures, blends, markets and supplies fuel additives, oilfield chemicals, personal care and other specialty chemicals. Its products are sold to oil and gas exploration and production companies, oil refiners, fuel users, personal care companies, and other chemical and industrial companies throughout the world. Its fuel additives help improve fuel efficiency, boost engine performance and reduce harmful emissions. Its oilfield services business supplies drilling, completion and production chemicals which make exploration and production more cost-efficient and more environmentally-friendly. The Company's other specialty chemicals provide effective technology-based solutions for its customers' processes or products focused in the Personal Care, and Polymers markets. Its Octane Additives business manufactures products for use in automotive gasoline and provides services in respect of environmental remediation. The Company's segments are Fuel Specialties; Performance Chemicals; and Octane Additives. The Fuel Specialties segment develops, manufactures, blends, markets and supplies specialty chemical products used as additives to a wide 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. The Fuel Specialties segment also includes 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. The customers in this segment include national oil companies, multinational oil companies, oil and gas exploration and production companies and fuel retailers. The Performance Chemicals segment provides effective technology-based solutions for customers' processes or products focused in the Personal Care and Polymers markets. The segment is engaged in developing performance products from its technology base in a number of targeted markets. The ustomers in this segment include multinational companies, manufacturers of personal care and household products and specialty chemical manufacturers operating in niche industries. The Octane Additives segment, which produces tetra ethyl lead (TEL), comprises sales of TEL for use in automotive gasoline and provides services in respect of environmental remediation.
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