ENGLEWOOD, Colo., Aug. 30, 2017 (GLOBE NEWSWIRE) -- Innospec Inc. (Nasdaq:IOSP) today announced that it has received approval for its ECOCLEAN® 4200 detergent as a TOP TIER™ diesel additive.
Innospec’s ECOCLEAN® product line was the first to be introduced to the US market in 2006, to address the unique issues associated with the combination of modern high pressure common rail diesel engines, and the challenges of ultra-low sulfur diesel. The product line is already successfully used in the treatment of billions of gallons of diesel each year.
Jim Vrzak, Vice-President of Innospec Fuel Specialties said, “The TOP TIER Diesel Standard has been developed by a group of Original Equipment Manufacturers in close co-ordination with the CQA (Center for Quality Assurance). These standards are intended to improve diesel fuel performance, quality and cleanliness. Ultimately, this helps boost performance, reduce emissions and downtime, and improve efficiency. ”
Patrick S. Williams, President and Chief Executive Officer said, “Development of new technology to meet industry and customers’ needs has always been at the core of Innospec’s strategy. I am pleased that the quality of our products is being recognized by the industry, and we look forward to continuing to work with our customers to identify future needs and continually advance the technology.”
About Innospec Inc.
Innospec Inc. is an international specialty chemicals company with approximately 1800 employees in 23 countries. Innospec manufactures and supplies a wide range of specialty chemicals to markets in the Americas, Europe, the Middle East, Africa and Asia-Pacific. The Fuel Specialties business specializes in manufacturing and supplying fuel additives that improve fuel efficiency, boost engine performance and reduce harmful emissions. Oilfield Services provides specialty chemicals to all elements of the oil & gas exploration and production industry. The Performance Chemicals business creates innovative technology-based solutions for our customers in the Personal Care, Home Care, Agrochemical, Mining and Industrial markets. Octane Additives produces octane improvers to enhance gasoline.
Forward-Looking Statements
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. Such forward-looking statements include statements (covered by words like “expects,” “estimates,” “anticipates,” “may,” “believes,” “feels” or similar words or expressions), for example, which relate to earnings, growth potential, operating performance, events or developments that we expect or anticipate will or may occur in the future. Although forward-looking statements are believed by management to be reasonable when made, they are subject to certain risks, uncertainties and assumptions and our actual performance or results may differ materially from these forward-looking statements. Additional information regarding risks, uncertainties and assumptions relating to Innospec and affecting our business operations and prospects are described in Innospec’s Annual Report on Form 10-K for the year ended December 31, 2016 and other reports filed with the U.S. Securities and Exchange Commission. You are urged to review our discussion of risks and uncertainties that could cause actual results to differ from forward-looking statements under the heading "Risk Factors” in such 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.