IOSP Innospec Inc

Innospec Inc. (Nasdaq:IOSP) has outlined a number of important new health, safety and environmental initiatives in its latest Sustainable Development Report, which was published today.

One important development is a new approach towards measuring the environmental impact of the Company's activities. Having focused in the past on emissions that impact acidification, ozone depletion and global warming, Innospec is now reporting against a formal and independent Greenhouse Gas (GHG) protocol.

The 2010 report also announces the formation of a new network across Innospec that will develop a coherent worldwide strategy and provide a road map for the Company's sustainable development over the next ten years.

Patrick Williams, President & CEO, explained: "In 2010 we made further progress towards building a sustainable and successful business, and we believe it is important to share this information with our shareholders, employees, customers and local communities. By reporting on our activities in this way, we are demonstrating our willingness to take responsibility for the impact that our business has on the wider world."

The new report also highlights for the first time the contributions that Innospec's sites around the world are making to their local communities, from providing mentoring support or educational opportunities to fundraising and financial assistance.

Mr. Williams added, "For many years we have recognized that a sustainable business is one that invests in people in the broadest sense, and we are committed to supporting local communities. These activities are an important part of our efforts to become a truly sustainable business."

Other highlights of the report include an update on compliance training, which has now been extended to include Innospec's suppliers and agents, and details on the Company's ongoing product stewardship program.

Mr. Williams concluded, "We are proud of our achievements in 2010. This report demonstrates with complete transparency the actions we are undertaking to build a sustainable business that can make a positive contribution to society for many years to come."

To download the 2010 report, please go to:

http://www.innospecinc.com/about-us/sustainable-development.html

About Innospec Inc.

Innospec Inc. is an international specialty chemicals company with approximately 850 employees in 20 countries. Innospec manufactures and supplies a wide range of specialty chemicals to markets in the Americas, Europe, the Middle East, Africa and Asia-Pacific. Innospec's Fuel Specialties business specializes in manufacturing and supplying the fuel additives that help improve fuel efficiency, boost engine performance and reduce harmful emissions. Innospec's Active Chemicals business provides effective technology-based solutions for our customers' processes or products focused in the Personal Care; Household, Industrial & Institutional; and Fragrance Ingredients markets. Innospec's Octane Additives business is the world's only producer of tetra ethyl lead.

Forward-Looking Statements

This press release contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts included or incorporated herein may constitute forward-looking statements.  Such forward-looking statements include statements (covered by words like "expects", "anticipates", "may", "believes" or similar words or expressions), for example, which relate to operating performance, events or developments that we expect or anticipate will or may occur in the future (including, without limitation, any of the Company's guidance in respect of sales, gross margins, pension liabilities and charges, net income, growth potential and other measures of financial performance). Although forward-looking statements are believed by management to be reasonable when made, caution should be exercised not to place undue reliance on such statements because they are subject to certain risks, uncertainties and assumptions, including in respect of the general business environment, regulatory actions or changes. If the risks or uncertainties materialize or assumptions prove incorrect or change, our actual performance or results may differ materially from those expressed or implied by such forward-looking statements and assumptions. Additional information regarding risks, uncertainties and assumptions relating to the Company and affecting our business operations and prospects are described in the Company's Annual Report on Form 10-K for the year ended December 31, 2010 and other reports filed with the U.S. Securities and Exchange Commission. You are urged to carefully review and consider the cautionary statements and other disclosures made in those filings, including specifically those under the heading "Risk Factors".  The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

For more information about Innospec, please visit our website at www.innospecinc.com.

CONTACT: Brian Watt
         Innospec Inc.
         +44-151-356-6241
         Brian.Watt@innospecinc.com
         
         Tom Pratt
         RF|Binder Partners
         +1-212-994-7563
         Tom.Pratt@RFBinder.com