Innospec Inc (IOSP) said that it has broken ground on its new facility tomanufacture 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.
Innospec Inc (IOSP) said that it has broken ground on its new facility tomanufacture 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.
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