Innospec expands drag reducing agent production in Texas
Innospec Inc. (NASDAQ: IOSP) has announced an expansion of its production capacity for drag reducing agents (DRAs) at its Pleasanton, Texas, U.S.A., facility. The move aims to meet growing demand for its proprietary DRA technology, which enhances pipeline efficiency and reduces operational costs.
The expansion is designed to support growing domestic and international demand for Innospec’s advanced DRA solutions.
Joe Dupree, senior vice president of Innospec Oilfield Services Midstream, stated that strong customer demand for the company’s Drag Reducing Agent (DRA) technology has driven this investment. He noted that the expanded capacity, expected to be operational in the fourth quarter of 2025, will enhance service capabilities for midstream customers worldwide.
Tom Entwistle, president of Innospec Oilfield Services, noted that the company is well-positioned to support its customers by optimising efficiency and safeguarding assets. He added that the capacity expansion will further enhance Innospec’s ability to provide reliable and effective crude oil transportation solutions.
Innospec Inc. is a global speciality chemicals company with approximately 2,450 employees across 22 countries. It supplies speciality chemicals to various markets, including personal care, home care, agrochemicals, mining, and industrial sectors. Innospec’s Fuel Specialties division focuses on fuel additives that improve efficiency, enhance engine performance, and reduce emissions, while its Oilfield Services division provides chemical solutions for oil and gas exploration and production.
