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ETHYL CORPORATION APPLICATION DENIED BY EPA

 ETHYL CORPORATION APPLICATION DENIED BY EPA
 RICHMOND, Va., Jan. 8 /PRNewswire/ -- Ethyl Corporation (NYSE: EY)


said today that the U.S. Environmental Protection Agency (EPA) denied the company's application for a waiver for its HiTEC(R) 3000 performance additive.
 The denial came after last-minute discussions in which EPA officials asked Ethyl to withdraw the application in order to discuss new testing, the company said. In response, Ethyl asked the EPA to extend the deadline to allow time to focus on a single, isolated issue related to automobile catalysts that the agency identified as the remaining issue. However, the EPA refused, Ethyl said.
 "We are profoundly disappointed that the EPA has chosen to deny our waiver application for HiTEC 3000 performance additive. We have worked for over two years with the EPA to address every concern raised during that period. It is particularly frustrating that we have had two separate six-month reviews during this time only to come to this end," Bruce C. Gottwald, Ethyl's president, said.
 "EPA's denial appears to be based on automakers' allegations that result from very limited research and are contrary to real-world experience with catalytic converter performance," Gottwald said. "We continue to believe our tests -- the most extensive ever undertaken in support of a fuel additive -- leave no doubt that our product should have been approved under the Clean Air Act."
 Ethyl filed its waiver application with the EPA on July 12, 1991, and the EPA had 180 days to respond. The additive, requested for use in unleaded gasoline, provides a clear environmental benefit, the company said. Use of the additive would remove 1.7 billion pounds of pollutants from the air annually by 1999. It also would save up to 85,000 barrels of crude oil per day, or 30 million barrels a year. The product has been used in Canada for about 13 years.
 "This product has aided the Canadian economy and driving public for over 13 years, and we regret that this decision prevents America from having the same opportunities," Gottwald said.
 "We stand by our testing program," Gottwald said. "We will thoroughly examine the EPA's written decision before deciding how to proceed."
 -0- 1/8/92
 /CONTACT: A. Prescott Rowe, 804-788-5413, or Michael D. Whitlow, 804-788-5517, both of Ethyl Corporation/
 (EY) CO: Ethyl Corporation; U.S. Environmental Protection Agency ST: Virginia, Georgia IN: CHM AUT SU:


DF -- CH005 -- 8012 01/08/92 19:13 EST
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Date:Jan 8, 1992
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