Oxea Plans to Increase Carboxylic Acid Supply to Meet Global Demand
Oxea plans to increase the supply of carboxylic acid to meet global demand, according to a report published on July 18, 2018.
Carboxylic acid plays a major role in the production of synthetic lubricants, enhancing feed hygiene or as building blocks for antibiotic-free feed additives. The global commercial business director for acids and esters value chain of Oxea said that opportunities for development are being offered by market segments that uses carboxylic acids from Oxea. For instance, isononanoic acid plays a key role in the production of high-performance synthetic lubricants for environmentally friendly refrigeration systems.
The demand for such synthetic lubricants has increased, owing to strict environmental protocols and regulatory requirements. Dr. Ina Werxhausen, global commercial business director for acids and esters value chain, said, “As one of the worldwide market leaders for synthetic carboxylic acids, Oxea already offers a broad and differentiated product portfolio. To further support the growth of our customers, we analyze the markets and include their development in our production planning.”
The officials of Oxea said that carboxylic acids market is an important part of the company’s business. They also said that the constantly increasing demand for carboxylic acid encourages the company to invest significantly in the strategic expansion of its production capacities for carboxylic acids.
This company, founded in 1996, is part of the Oman Oil company and has over 1,400 employees throughout its global operations. Oxea is a producer of oxo intermediates and oxo derivatives such as alcohols, polyols, carboxylic acids, specialty esters, and amines. These products find application in the production of coatings, lubricants, cosmetics and pharmaceutical products, flavorings and fragrances, printing inks, and plastics.
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