Oxea recently announced that due to continued strong growth in strategic, high-value segments, the company will build a new carboxylic acids unit in Oberhausen, Germany, that will come on stream by late 2012. The new unit will boost Oxea’s global carboxylic acids production capacity by an additional 40 percent on top of the already announced capacity expansion projects becoming effective end of 2011. Main driver for these capacity increases is a growing demand for synthetic fatty acids in segments such as energy-efficient lubricant esters and specialty phthalate-free plasticizers. In 2010 Oxea expanded the production capacity of its existing carboxylic acids units, and in December 2010 Oxea announced another increase by 20 percent of its capacities scheduled to be completed towards the end of 2011. Subject to approval by the relevant authorities, the new carboxylic acids unit is planned to come on stream by late 2012. Oxea is a global manufacturer of Oxo intermediates and Oxo derivatives such as alcohols, polyols, carboxylic acids, specialty esters, and amines. These products are used for the production of high-quality coatings, lubricants, cosmetics and pharmaceutical products, flavorings and fragrances, printing inks and plastics. In 2010, Oxea generated revenue of about €1.4 billion with approximately 1,330 employees in Europe, the Americas and Asia.
Oxea builds new carboxylic acids unit
Published March 9, 2011
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