Innospec

Innospec Specialty Chemicals is the world's only manufacturer of tetraethyllead (TEL) used in the manufacture of 100LL avgas.^[1] It is listed on the NASDAQ as IOSP.

Controversy

In a 2010 investigation by The Guardian and Guardian Films, Innospec, while trading as company Octel, was revealed to have been bribing officials in Iraq and Indonesia with millions of dollars to continue using TEL as a fuel additive, which has links to causing to brain damage in children.^[2] The company has since settled this matter with all of the authorities, and has a new management team in place who have introduced new compliance procedures.

References

1. ^ "AOPA Online: Avgas lead producer allays supply concerns". Aopa.org. http://www.aopa.org/advocacy/articles/2010/100715innospec.html. Retrieved 2011-08-05. 
2. ^ David Leigh, Rob Evans and Mona Mahmood. "UK firm paid bribes to sell Iraqis toxic fuel additive | Exclusive | Business". The Guardian. http://www.guardian.co.uk/business/2010/jun/30/octel-petrol-iraq-lead. Retrieved 2011-08-05. 

External links

• Innospec Inc. (Public, NASDAQ:IOSP)
• Innospec Limited prosecuted for corruption by the SFO