Oxea Names German DOTP Production Partner / 60,000 mt/year

MONHEIM AM RHEIN, Germany–(BUSINESS WIRE)–The global chemical company Oxea aims to annually produce 60,000 metric
tons of dioctyl terephthalate (DOTP), a general purpose
non-ortho-phthalate plasticizer, in Europe by the second half of 2019.
To that effect, Oxea has entered into a cooperation with Oxxynova,
Steyerberg, Germany, a manufacturer of dimethyl terephthalate (DMT).
Oxea’s DOTP will be produced at a new, dedicated production unit in the
transesterification process, which is superior to conventional
esterification. Oxea will supply the key precursor 2-ethylhexanol (2-EH)
to Oxxynova and will market the end product DOTP through its own sales
channels. The new DOTP production unit will be constructed at Oxxynova’s
manufacturing site in Germany, with engineering activities already well
under way. Dioctyl terephthalate is a phthalate-free plasticizer that
meets highest environmental requirements. A direct replacement mainly
for dioctyl phthalate (DOP) and diisononyl phthalate (DINP), DOTP is
used in a wide range of applications such as construction, automotive,
coatings, and flooring.

“By 2019 Oxea will become the major supplier of DOTP in Europe. Our
primary goal is to improve delivery reliability through local production
to sustainably meet our customer’s current and future needs for this
important non-ortho-phthalate plasticizer. Together with Oxxynova, we
are fully backward-integrated into the two key raw materials: Oxea is
the largest European producer of 2-EH, and Oxxynova is the leading
European producer of DMT,” said Max Grudda, Marketing Manager
Plasticizers at Oxea.

“At Oxxynova we are very pleased to be working with Oxea on producing
DOTP at Steyerberg. As the world market leader in terms of volumes to
the DMT merchant market, we bring over 40 years of manufacturing
experience into the cooperation. By combining our new dedicated,
state-of-the-art DOTP production unit with Oxea’s resources and sales
experience, we will bring the supply of locally produced DOTP to the
next level in Europe,” stated Dr. Klaus Puell, CEO of Oxxynova.

About Oxea
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. Oxea employs more than 1,400 people worldwide. Oxea is part of
the Oman Oil Company S.A.O.C. (OOC), a commercial company wholly owned
by the Government of Oman. Established in 1996, it pursues investment
opportunities in the wider energy sector both inside and outside Oman.
OOC plays an important role in the Sultanate's efforts to diversify the
economy and to promote domestic and foreign investments. For more
information about Oxea, visit www.oxea-chemicals.com.

About Oxxynova
Oxxynova (www.oxxynova.com)
manufactures dimethyl terephthalate (DMT), a monomer used to produce
technical PBT, PET resins, coatings, fibers, and films, as well as DOTP
and CHDM, which have a diversity of end applications within the
automotive, electro-electronic, personal care and household industries.
For 40 years Oxxynova has supplied the European market with DMT-molten
of highest quality, and more recently by the construction of a
state-of-the-art DMT-solid plant the worldwide markets with DMT-solid in
flake and briquette form. In addition, for some years Oxxynova
established itself as a 24/7 distiller of high volumes of chemical side
streams, e.g. in the field of THF, glycols, and methanol.

Contacts

OXEA GmbH
Thorsten Ostermann
Communications and Press
Relations
Phone: +49 (0)2173 9993-3009
[email protected]

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