EANS-News: Oxea GmbH / Oxea to increase production capacities in Bishop, Texas, with optimized processes

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Company Information

Oberhausen (euro adhoc) - The chemical company Oxea has developed
several innovative continuous processes to expand its production at
its site in Bishop, Texas, USA. The optimizations will add
significant further volume, beyond the already announced capacity
increases for Potassium Formate and Trimethylolpropane (TMP).
Potassium Formate is used, among other applications, as a component
in well-servicing fluids for the extraction of oil and gas and for
de-icing. TMP is a widely used building block for polymers,
especially in polyesters and polyurethanes, but is also used in a
plethora of other areas, such as, for example, synthetic lubricants.

"Our production site in Bishop is of great importance to our polyols,
which constitute a significant part of Oxea's Derivatives portfolio.
These products have a very diversified range of uses in manufacturing
industries and we market the portfolio worldwide," said Miguel
Mantas, Member of Oxea's Executive Board and responsible for
Marketing and Sales. "Over the course of the last years, we were able
to continuously use excellent initiatives such as this one - not only
to expand capacity and increase the on-stream reliability of the
units, but also to develop higher quality product types, which have
allowed us to better serve our customers' needs and to support them
in their growth."

"Over the past years we successfully implemented a series of projects
to enhance the efficiency of our production units and to optimize
energy usage. It is quite remarkable that all of our projects
required only minor investments. They were implemented quickly and
contributed greatly towards the improvement of the Bishop site,"
commented Dr. Martina Flöel, spokesperson for the Oxea Executive
Board, who is also responsible for Production and Technology. "We owe
this development to the profound experience, creativity and appetite
for innovation of the Oxea staff," Flöel continued.

Oxea is a global manufacturer of oxo intermediates and oxo
derivatives, such as alcohols, polyols, carboxylic acids, specialty
esters, and amines. These products are used among others for the
production of high-quality coatings, lubricants, cosmetics and
pharmaceutical products, flavorings and fragrances, printing inks and
plastics. In 2011, Oxea generated revenues of EUR 1.5 billion with
its 1,365 employees in Europe, the Americas and Asia. For more
information on Oxea, please visit www.oxea-chemicals.com

Further inquiry note:
Birgit Reichel
Tel. +49 (0) 208-693-3112
birgit.reichel@oxea-chemicals.com

end of announcement euro adhoc
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company: Oxea GmbH
Otto-Roelen-Straße 3
D-46147 Oberhausen
phone: +49(0)208 693 3112
FAX: +49(0)208 693 3101
mail: birgit.reichel@oxea-chemicals.com
WWW: http://www.oxea-chemicals.com
sector: Chemicals
ISIN: XS0523636594
indexes:
stockmarkets: Open Market: Frankfurt
language: English