Innospec Inc. develops, manufactures, blends, and markets fuel additives, personal care and fragrance products, and other specialty chemicals. Segments The company operates through three segments: Fuel Specialties, Performance Chemicals, and Octane Additives. Fuel Specialties The Fuel Specialties segment develops, manufactures, blends, markets, and supplies a range of specialty chemical products used as additives to a range of fuels. These fuel additive products are used in the operation of automotive, marine and aviation engines, power station generators, and heating and diesel particulate filter systems. The company’s customers in this segment include national oil companies, multinational oil companies, and fuel retailers. During 2012, the company completed the acquisition of Strata Control Services, Inc. to help build-out its nascent Oilfield Specialties business. Performance Chemicals The Performance Chemicals segment provides technology-based solutions for the company’s customers’ processes or products focused in the personal care, polymers, and fragrance ingredients markets. The company’s customers in this segment include large multinational companies, manufacturers of personal care and household products, and specialty chemical manufacturers operating in niche industries. Octane Additives The Octane Additives segment produces and sells tetra ethyl lead (TEL) for use in automotive gasoline and trading in respect of its environmental remediation business. Sales of TEL for use in automotive gasoline are made principally to state-owned refineries located in the Middle East and Northern Africa. The company’s environmental remediation business serves these customers to manage the cleanup of redundant plants as refineries complete the move away from leaded gasoline. Strategy The company’s strategy is to develop new and improved products and technologies to continue to strengthen and increase its market positions within its Fuel Specialties and Performance Chemicals segments. It also continues to assess potential strategic acquisitions, partnerships and other opportunities that would enhance and expand its customer offering. The company focuses on opportunities that would extend its technology base, geographical coverage, or product portfolio. Intellectual Property The trademark ‘Innospec’ and the Innospec device in Classes 1, 2, and 4 of the ‘International Classification of Goods and Services for the Purposes of the Registration of Marks’ are registered in all jurisdictions in which the company has a significant market presence. Customers The company's major customer is Royal Dutch Shell plc. Research, Development, Testing, and Technical Support The company's expenditures to support research and development services were $19.6 million in 2012. Health, Safety, and Environmental Matters The European Union legislation known as the Registration, Evaluation and Authorization of Chemical Substances Regulations requires majority of the company’s products to be registered with the European Chemicals Agency. History The company was founded in 1938. It was formerly known as Octel Corp. and changed its name to Innospec Inc. in 2006.