IOSP Innospec Inc

Innospec Inc. (Nasdaq:IOSP) has published its 2011 Sustainable Development Report covering the measures undertaken during the year toward building a sustainable business, able to make a positive contribution to society for years to come.

Innospec has invested in a wide range of improvements to safety, health and environmental performance, as well as enhanced compliance procedures, employee training modules, career development opportunities and employee reward and recognition programs. The company believes these initiatives have all helped Innospec maintain a high standard of corporate governance and oversight while creating strong and viable operating businesses that have been integral to achieving planned objectives for long-term sustainability.

Innospec's Sustainable Development Report highlights important reductions in water and energy consumption and a continuing good and recognized safety record. For the first time in 2011 the company introduced enhanced behavioral safety training, which is now being rolled out to all facilities.

The report also draws attention to the contributions that Innospec's employees around the world have made to their local communities through mentoring support, educational opportunities, fundraising and direct financial assistance.

Patrick Williams, President and CEO, explained: "Every year we publish a Sustainable Development Report on the progress we have made toward building and maintaining a sustainable, vibrant business. In 2011 we continued to invest significant resources in our business operations, and we took important steps towards developing an all-embracing sustainable development strategy that will guide our activities over the next five years.

"We made important progress toward introducing an externally verified environmental management system at each of our sites.We also made strides in the development of our ECOCLEAN® brand, which will be formally launched in 2012, with the aim of helping our customers gain a greater understanding of the environmental impact of the products they buy.

"It is important that we 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 what we do and how it impacts the world around us. We have achieved a great deal in 2011 and are proud of the commitment, efforts and high standards of ethical behavior exhibited by all Innospec employees, in this respect," he concluded.

The 2011 Sustainable Development Report is available from today. Please go to: http://www.innospecinc.com/195/195/contact-us.html

Alternatively, a copy can be downloaded from: 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
         
         Robert D. Ferris
         RF|Binder Partners
         +1-212-994-7505
         Robert.Ferris@RFBinder.com