Oxea to raise Oberhausen neopentyl glycol capacity by mid-2011

19 January 2011 13:00  [Source: ICIS news]

LONDON (ICIS)--Oxea plans to increase its production capacity for neopentyl glycol (NPG) at its Oberhausen site in Germany by mid-2011 due to continued strong demand, the company said on Wednesday.

The Germany-based oxo-chemicals producer said this would raise its European capacity to 45,000 tonnes/year.

An Oxea spokeswoman said the company would disclose at this point not any further information about the plant’s capacity or the investment cost.

“In 2011, we will have completed the stepwise increase of our neopentyl glycol capacity in Europe, which started in 2008,” said Miguel Mantas, executive board member for marketing and sales.

He said global demand for NPG continued to grow above GDP.

“In Asia, growth has remained strong even during the 2009 global crisis, with the Chinese market already set to outpace Europe,” Mantas added.

NPG is an organic chemical compound that is used in the synthesis of polyesters, paints, lubricants and plasticisers.

Please visit the complete ICIS plants and projects database
To discuss issues facing the chemical industry go to ICIS connect


By: Hilde Ovrebekk
+44 20 8652 3214



AddThis Social Bookmark Button

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

ICIS news FREE TRIAL
Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index