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.

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By: Hilde Ovrebekk
+44 20 8652 3214

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