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Oxea conducts feasibility study for further plant expansion projects in Bay City, Texas

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OBERHAUSEN, Germany--(BUSINESS WIRE)--

Following the very successful capacity increase of its syngas production facility in Bay City, Texas, USA, the chemical company Oxea is in the last stages of completion of a feasibility study of additional downstream plant expansion projects. The project is examining various scenarios to boost the plant's capacities, as well as the further optimization of Oxea's product portfolio at the site. The study is scheduled to be completed during the fourth quarter 2012. Oxea's Bay City plant is a large world-scale facility for oxo chemicals such as oxo-alcohols, carboxylic acids and acetate esters.

“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, 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 Dr. Martina Flöel, spokesperson for Oxea's Executive Board and, among others, responsible for Global Operations.

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, flavourings and fragrances, printing inks and plastics. In 2011, Oxea generated revenue of about EUR 1.5 billion with its 1,365 employees in Europe, the Americas and Asia. For more information, visit www.oxea-chemicals.com.

OXEA GmbH
Birgit Reichel
Tel. +49 (0) 208-693-3112
Fax +49 (0) 208-693-3101
birgit.reichel@oxea-chemicals.com
www.oxea-chemicals.com

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