Oxea

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OQ Chemicals to Cut 10% of the Workforce

Toward achieving cost savings in the double-digit million euro range, Germany’s OQ Chemicals, part of the Oman-based OQ energy group, has announced a cost-cutting scheme that will see it cut 10% of the workforce.

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OQ Chemicals Starts up Esters Pilot Plant

OQ Chemicals has successfully started up its new pilot plant for esters at Oberhausen, Germany. The company said the facility enables it to manufacture small quantities of esters tailored to customer needs for test purposes before making an industrial-scale investment.

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Oxea Changes Name to OQ Chemicals

German petrochemical intermediates producer Oxea, based at Oberhausen, has changed its name to OQ Chemicals, marking its final integration into Oman’s new petrochemicals and energy giant OQ, headquartered in Muscat.

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Ineos Delays Forties Pipeline Shutdown

Due to the coronavirus crisis, Ineos has postponed the planned annual maintenance shutdown of its UK North Sea Forties Pipeline for almost a year, to assure its chemical feedstock customers of sufficient supply amid British government virus containment restrictions.

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New Energy Giant Takes Shape in Oman

As part of a master plan to revamp the sultanate’s production infrastructure, the government has decided to roll state-owned Oman Oil Company (OOC), Oman Refineries and Petroleum Industries Company (ORPIC) and six other domestic energy firms into one unit that would also include German oxo intermediates and derivatives producer Oxea.

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Oxea Studies Worldscale Carboxylic Acids Plant

German oxo-chemicals company Oxea is studying the feasibility of building a world-scale plant to produce carboxylic acids, which are used to make synthetic lubricants and as building blocks for the animal feed industry.

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A Visible Turning Point for Oxea

Ten years ago, in March 2007, oxo chemicals producer Oxea was established as a buyout led by private-equity firm Advent International of oxo derivatives and oxo intermediates businesses from Celanese and European Oxo.

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