Oxea sells Oberhausen syngas plant to Air Liquide

11 May 2010 13:05  [Source: ICIS news]

LONDON (ICIS news)--Oxea has sold its Oberhausen syngas plant in Germany to Air Liquide which will take over operation of the facility, the global supplier of oxo-intermediates and derivatives said on Tuesday.

The parties did not to disclose any financial details of the deal, but said they had entered into a long-term agreement whereby Air Liquide would supply syngas and hydrogen to Oxea.

All 26 staff at the plant would be permanently employed by Air Liquide, Oxea said in a statement. 

The transaction, subject to approval by antitrust authorities and the companies’ banks, was likely be conducted in July of 2010, the company said.

"This step is clearly in line with our strategic objective of advancing Oxea's growth – both through concentration on oxo-derivatives that are in strong demand and expansion into international growth markets," said spokesperson Martina Floel.

For more on Air Liquide visit ICIS company intelligence
To discuss issues facing the chemical industry go to ICIS connect

By: Elaine Mills
+44 208 652 3214

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly