Oxea nears end of feasibility study

Oxea, a manufacturer of oxo intermediates and oxo derivatives, announced that it is in the last stages of completing a feasibility study concerning additional downstream plant expansion projects.
The company said that the feasibility study is examining various scenarios to boost the plant’s capacities and further optimization of Oxea’s product portfolio at the site. The study is scheduled to be completed in the fourth quarter of this year.
“There is a continuously growing demand for oxo chemicals from an increasing number of industries. Oxea’s oxo-alcohols and carboxylic acids, for example, are building blocks for among others phthalate free plasticizers or energy-efficient lubricants for the manufacturing of environment-friendly cooling systems, and are therefore in high demand,” said Miguel Mantas, Oxea’s executive board member for marketing and sales.
“Thanks to our advanced technology and know-how, Oxea’s highly skilled cross-functional teams are well suited to identify and evaluate potential expansion projects. We have proven many times that we can implement such challenges quickly and cost-effectively,” added Martina Floel, spokesperson for Oxea’s executive board. (November 11, 2012)