Innospec breaks ground new drag reducing agents site in US

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.

© Worldofchemicals News



Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News

ADNOC, Ravago to explore collaboration opportunities in UAE

ABU DHABI, UAE: The Abu Dhabi National Oil Company (ADNOC) has signed a memorandum of understanding (MOU) with Ravago Group (Ravago), to explore oppor ...

Read more
BP invests $20 mn in ultra-fast charging battery company StoreDot

LONDON, UK: BP Ventures said that it has invested $20 million in ultra-fast charging battery developer StoreDot. To develop innovative battery technol ...

Read more
Port limitations, ship size increase cost on US crude oil exports

WASHINGTON, US: A report from the Energy Information Administration (EIA) states that the US crude oil exports averaged 1.1 million barrels per day (b ...

Read more
Asahi Kasei starts trial operation at green hydrogen plant in Japan

TOKYO, JAPAN: Asahi Kasei has begun trial operation of an alkaline water electrolysis plant for the production of green hydrogen using renewable energ ...

Read more
Ingevity to increase carbon activation capacity at Covington facility

NORTH CHARLESTON, US: Ingevity Corporation (NGVT) said that it will expand its carbon activation capacity at its Covington, Virginia, facility. To mee ...

Read more
Mitsui Chemicals to establish composite materials plant in Japan

TOKYO, JAPAN: Mitsui Chemicals Inc said that its joint venture with Idemitsu Kosan Co Ltd intends to establish new production facilities for its MOSTR ...

Read more uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X