ENGLEWOOD, Colo., March 09, 2022 (GLOBE NEWSWIRE) — Innospec Inc. (NASDAQ: IOSP) today announced the opening of its new Technology Center in Ellesmere Port, UK. The facility reinforces the company’s commitment to supporting its customers by investing in science and technology for cleaner, more efficient fuels for the future.
This Center of Excellence will provide a new home for Innospec Fuel Specialties’ Technical Customer Services team in the UK. With an investment of over $2.5 million and three years of planning, the project involved the transformation of an existing building at the Ellesmere Port site in the UK into a bespoke open laboratory equipped with a full range of state-of-the-art equipment and instruments. This new facility is part of Innospec’s global network of 14 technical service and research and technology centers.
Phil Boon, executive vice president and chief operating officer directly responsible for the global Fuel Specialties business, said:
“With this new technology center, we will continue to provide our customers with first-class fuel handling and support solutions that improve efficiency, increase engine performance and reduce harmful emissions. It has been designed by our chemists to work efficiently and with greater flexibility. We test thousands of fuel samples each year for our customers worldwide. »
Patrick S. Williams, President and CEO of Innospec, added:
“This project demonstrates our long-term commitment to advancing technology that directly addresses the global trend towards cleaner fuels and lower emissions. We have developed a state-of-the-art laboratory equipped with a full range of instruments. Our team of highly experienced Technical Services chemists work in this environment, who will also use it to train the next generation of scientists through our apprenticeship program. »
About Innospec Inc.
Innospec Inc. is an international specialty chemicals company with approximately 1,900 employees in 24 countries. Innospec manufactures and supplies a wide range of specialty chemicals to markets in the Americas, Europe, Middle East, Africa and Asia-Pacific. The Fuel Specialties business specializes in the manufacture and supply of fuel additives that improve fuel efficiency, increase engine performance and reduce harmful emissions. Oilfield Services provides specialty chemicals to all elements of the oil and gas exploration and production industry. The Performance Chemicals business creates innovative technology solutions for our customers in the personal care, home care, agrochemical, mining and industrial markets.
This press release contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts included or incorporated herein may constitute forward-looking statements. These forward-looking statements include statements (covered by words such as “expects”, “estimates”, “anticipates”, “may”, “could”, “believes”, “estimates”, “plans”, “has “Intent” or similar words or phrases, for example) that relate to earnings, growth potential, operating performance, events or developments that we expect or expect to occur or may occur in the ‘to come up. Although management considers the forward-looking statements to be reasonable when made, they are subject to certain risks, uncertainties and assumptions, including the effects of the COVID-19 pandemic, such as its duration, long-term economic impact unknown term, the measures taken by government authorities to deal with it, the effectiveness, acceptance and distribution of COVID-19 vaccines and how the pandemic may precipitate or exacerbate other risks and/or uncertainties, and our actual performance or results may differ materially from these -see statements. Additional information regarding risks, uncertainties and assumptions regarding Innospec and affecting our business operations and prospects are described in Innospec’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021 and other reports. filed with the United States Securities and Exchange Commission. You are encouraged to review our discussion of the risks and uncertainties that could cause actual results to differ from the forward-looking statements under the heading “Risk Factors” in these reports. Innospec undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.