Oxea Builds New Carboxylic Acids Unit to Further Increase Global Production Capacity by 40%
Oxea announced that due to continued strong growth in strategic, high-value segments, the company will build a new carboxylic acids unit in Oberhausen, Germany, that will come on stream by late 2012. The new unit will boost Oxea’s global carboxylic acids production capacity by an additional 40% on top of the already announced capacity expansion projects becoming effective end of 2011. Main driver for these capacity increases is a growing demand for synthetic fatty acids in segments such as energy-efficient lubricant esters and specialty phthalate-free plasticizers.
In 2010 Oxea expanded the production capacity of its existing carboxylic acids units, and in December 2010 Oxea announced another increase by 20% of its capacities scheduled to be completed towards the end of 2011. Subject to approval by the relevant authorities, the new carboxylic acids unit is planned to come on stream by late 2012.
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