Innospec breaks ground new drag reducing agents site in US
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Innospec breaks ground on new drag reducing agents site in US

4:58 AM, 23rd May 2018
Innospec logo

ENGLEWOOD, US: Innospec Inc (IOSP) said that it has broken ground on its new facility to manufacture drag reducing agents (DRAs).

The site is at Pleasanton, Texas, and is an extension of the existing Innospec site. The project is well advanced and the company expects beneficial production later in the second half of 2018.

“DRAs are a fast growing, exciting, cutting-edge technology which has the dual benefit of both improving productivity and cutting costs for our customers. We are delighted to have developed our own proprietary products and manufacturing process, which will be very complementary to our existing portfolio and will allow us to serve our customers globally,” said Patrick Williams, president and chief executive officer, Innospec.

These products act by reducing the turbulent flow of liquids cost-effectively to improve pipeline throughput and reduce the energy required for pumping. The technology can be applied to crude oils and to fuels including diesel.

“Innospec is uniquely placed to develop this business. In addition to our existing pipeline business, we are already well established both upstream with Oilfield Services and downstream in the refinery and terminals with our Fuel Specialties business. Combined with our global infrastructure, we believe this will allow us to quickly establish our position in both markets,” added Williams.

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