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Oxea begins constructing new Chinese specialty derivative plant

March 05/2013
MOSCOW (MRC) -- Oxea Advanced Derivatives has started the construction of its first oxo derivatives facility in Nanjing Industrial Chemical Park, China, following successful completion of the planning stage, said Chemicals-technology.

The new Nanjing-based manufacturing plant is expected to help the company to meet the fast-growing demand for oxo derivatives in China and Asia.

Oxea executive board member for marketing and sales, Miguel Mantas, said the country is the main growth engine for the Asia-Pacific region.

"Thanks to the favourable strategic location of our new plant, we will be able to better serve our customers in the region and at the same time further strengthen Oxea's leading global market position," Mantas added.
"Initially the Oxea Nanjing plant will produce specialty esters, phthalate-free plasticizers and other oxo derivatives for the local market."

The company is also planning to make new investments into the facility, along with sufficient space and resources to carry out future expansions at the Nanjing site, according to Mantas.

Oxea oxo derivatives marketing vice president Cristobal Ascencio said the new plant will allow the company to service the booming Asian market for plasticised PVB film, which is used in safety glass laminates for automotive, architectural and decorative glass.

"And, among others, our specialty esters are important building blocks for the production of ecoefficient lubricants for compressors," Ascencio added.

As MRC wrote earlier, Oxea is in the final stages of completing a feasibility study on additional downstream plant expansion projects at its site in Bay City, Texas.

The plant is expected to be mechanically complete by the end of 2013. Oxea produces oxo intermediates and oxo derivatives, namely alcohols, polyols, carboxylic acids, specialty esters and amines used to manufacture high-quality coatings, lubricants, cosmetics and pharmaceutical products, flavourings and fragrances, printing inks and plastics.
Author:Anna Larionova
Tags:car components, soft compounds, coating.
Category:General News
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