03 February 2012 13:12 [Source: ICIS news]
LONDON (ICIS)--Oxea has started construction of a new carboxylic plant at its production site in ?xml:namespace>
The new unit, which represents an investment in the tens of millions of euros, will boost Oxea’s global carboxylic acid production capacity by 40%, the company said.
“[The new unit] will considerably increase Oxea’s supply capacity, improve our flexibility and enhance our ability to support the growth of our customers,” said Miguel Mantas, managing director and board member for marketing, sales and Asia.
Oxea said the main driver for this capacity expansion is a growing global demand for synthetic fatty acids.
“They [synthetic fatty acids] form the basis for manufacturing energy-efficient lubricant esters for environmentally friendly refrigeration units such as air conditioners and refrigerators or phthalate-free plasticisers,” Oxea said.
Executive board spokesperson Martina Floel said the new carboxylic acid production unit supports an important aspect of the company’s strategy of expanding into growth markets and oxo derivatives.
In March 2011, Oxea announced that the new plant will come on stream in late 2012.
Oxea did not disclose detailed capacity figures for its output of carboxylic acids.
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