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Innospec Inc   (IOSP)
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Innospec Inc Segments

 
 

Business Segments I. Quarter
Revenues
(in millions $)
(Mar 31 2021)
%
(of total Revenues)
I. Quarter
Income
(in millions $)
(Mar 31 2021)
%
(Profit Margin)
Total
339.60 100 % 23.40 6.89 %

• View Income Statement • View Competition by Segment • View Annual Report

Growth rates by Segment I. Quarter
Y/Y Revenue
%
(Mar 31 2021)
Q/Q Revenue
%
I. Quarter
Y/Y Income
%
(Mar 31 2021)
Q/Q Income
%
Total
-8.69 % 28.1 % -22.26 % 84.25 %

• View Growth rates • View Competitors Segment Growth • View Market Share

To get more information on Innospec Inc 's Total segment. Select each division with the arrow.

  Innospec Inc 's

Business Segments Description



Fuel Specialties

Our Fuel Specialties segment develops, manufactures, blends, markets and supplies a range of specialty chemical products used as additives to a wide range of fuels. These fuel additive products help improve fuel efficiency, boost engine performance and reduce harmful emissions; and are used in the efficient operation of automotive, marine and aviation engines, power station generators, and heating oil.

The segment has grown organically through our development of new products to address what we believe are the key drivers in demand for fuel additives. In fuels, these drivers include increased focus on fuel economy, changing engine technology and legislative developments. We have also devoted substantial resources towards the development of new and improved products that may be used to improve fuel efficiency.

Our customers in this segment include national oil companies, multinational oil companies, oil and gas exploration and production companies and fuel retailers.

Performance Chemicals

Company acquired the Huntsman European Differentiated Surfactants business (“Huntsman”) from Huntsman Investments (Netherlands) B.V.. We acquired the business in order to continue our strategy of building our presence in the Personal Care and Home Care markets which forms part of our Performance Chemicals segment.

Our Performance Chemicals segment provides effective technology-based solutions for our customers’ processes or products focused in the Personal Care, Home Care, Agrochemical and Mining markets.

This segment has also grown organically through the development and marketing of innovative products to the personal care industry. The focus for our Performance Chemicals segment is to develop high performance products from its technology base in a number of targeted markets.

Our customers in this segment include large multinational companies, manufacturers of personal care and household products and specialty chemical manufacturers operating in agrochemical, mining and other industrial applications.

Oilfield Services

Our Oilfield Services segment develops and markets products to prevent loss of mud in drilling operations, chemical solutions for fracturing and stimulation operations and products for oil and gas production which aid flow assurance and asset integrity.

This segment has been through a period of high growth driven by the rising levels of drilling and production activity when oil prices maintained historically high levels, followed by a scaling back of customer activity when oil prices declined to significantly lower levels.

Our customers in this segment include multinational public and independent companies operating principally in North America.

Octane Additives

Our Octane Additives segment, which we believe is the world’s only producer of tetra ethyl lead (“TEL”), comprises sales of TEL for use in automotive gasoline and provides services in respect of environmental remediation. We are continuing to responsibly manage the decline in the demand for TEL for use in automotive gasoline in line with the transition plans to unleaded gasoline for our one remaining refinery customer. Cost improvement measures continue to be taken to respond to declining market demand.

Sales of TEL for use in automotive gasoline are principally made to state-owned refineries located in Northern Africa. Our environmental remediation business manages the cleanup of redundant TEL plants as refineries complete the transition to unleaded gasoline.
   

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