Innophos Holdings, Inc. announced that it has entered into a settlement with the United States Environmental Protection Agency ("EPA"), and Louisiana Department of Environmental Quality ("LDEQ"), (collectively "the Government Parties") to address the Government Parties' concerns regarding a small number of manufacturing processes at its Geismar, Louisiana Purified Phosphoric Acid ("PPA") facility.  This concludes a multi-year collaborative process between the Company and the Government Parties to reach a mutually acceptable solution. As part of the Settlement, Innophos will pursue implementation of "Deep Well Injection", a customary process approved by the Government Parties by which Innophos would handle a separated co-product (referred to as "Raffinate"). This solution allows the company to continue its current PPA operation in Geismar, while satisfying the outstanding environmental concerns raised in 2008 by the Government Parties.  The Settlement also confirms several proactive and voluntary improvements previously made to the Geismar facility to address these environmental concerns, further demonstrating the Company's commitment to environmental stewardship at its facilities. In negotiated settlements leading to consent decrees with the Government Parties, it is common for penalties relating to previous "non-compliance" to be assessed.  As a result, and consistent with the company's most recently disclosed expectations, Innophos has agreed to a penalty in the amount of $1.4 million, which was previously fully accrued by the company.