Innospec Expands Production of Drag Reducing Agents

Core Viewpoint - Innospec Inc. is expanding its production capacity for Drag Reducing Agent (DRA) technologies at its Pleasanton, TX plant to meet increasing domestic and international demand, enhancing operational efficiency for pipeline operators [1]. Company Overview - Innospec Inc. is an international specialty chemicals company with approximately 2,450 employees across 22 countries, providing a wide range of specialty chemicals for various markets including Personal Care, Home Care, Agrochemical, Mining, and Industrial [2]. - The company’s Fuel Specialties business focuses on fuel additives that improve fuel efficiency, boost engine performance, and reduce harmful emissions, while its Oilfield Services division supplies specialty chemicals for the oil and gas exploration and production industry [2]. Production Capacity Expansion - The new production capacity for DRA technology is expected to come online in the fourth quarter of 2025, reflecting the company's commitment to delivering best-in-class technology and service to global midstream customers [1]. - The expansion aims to support the increasing demand for DRA technology, which provides benefits such as increased throughput, lower operating costs, and reduced capital equipment upgrade requirements for pipeline operators [1]. Management Statements - Joe Dupree, Senior Vice President of Innospec Oilfield Services Midstream, expressed satisfaction with customer response to the DRA technology and emphasized the investment's role in enhancing customer value [1]. - Tom Entwistle, President of Innospec Oilfield Services, highlighted the company's position to positively impact customer operations by improving efficiency and protecting assets through the new capacity expansion [1].