(Americas) Oxea Announces Price Increases for Isononanoic Acid and Valeric Acid

The global chemical company Oxea will increase list and off-list prices on the following products effective January 1, 2018, or as contracts allow.

Product North America, Latin America
USD/lb
North America, Latin America
USD/mt
Isononanoic Acid + 0.06 + 130
Valeric Acid + 0.02 + 45

About Oxea

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 for the production of high-quality coatings, lubricants, cosmetics and pharmaceutical products, flavorings and fragrances, printing inks and plastics. Oxea employs more than 1,400 people worldwide. Oxea is part of the Oman Oil Company S.A.O.C. (OOC), a commercial company wholly owned by the Government of Oman. Established in 1996, it pursues investment opportunities in the wider energy sector both inside and outside Oman. OOC plays an important role in the Sultanate’s efforts to diversify the economy and to promote domestic and foreign investments. For more information about Oxea, visit www.oxea-chemicals.com.

Commercial contact

OXEA GmbH, Rheinpromenade 4a, 40789 Monheim am Rhein, Germany
Dr. Ina Werxhausen, Global Commercial Business Director Acids & Esters Value Chain
Phone: +49 (0)2173 9993-3152
marketing@oxea-chemicals.com

Oxea increases prices for Neopentyl Glycol (NPG) and Trimethylolpropane (TMP)

Oxea, a global chemical company, announces an increase for list and off-list prices for its industrial polyols Neopentyl Glycol (NPG) and Trimethylolpropane (TMP). The increase varies depending on single product and will be effective from January 1, 2018, and applies to all orders shipped on or after this date as contracts allow. As one of the leading suppliers for polyols, Oxea remains committed to its high-quality product standards and reliable services that customers have come to expect.

Product
Europe
EUR/mt
North America, Latin America
USD/lb
North America, Latin America
USD/mt
Neopentyl Glycol (NPG) + 75 + 0.04 + 90
Trimethylolpropane (TMP) + 75 + 0.04 + 90

About Oxea

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 for the production of high-quality coatings, lubricants, cosmetics and pharmaceutical products, flavorings and fragrances, printing inks and plastics. Oxea employs more than 1,400 people worldwide. Oxea is part of the Oman Oil Company S.A.O.C. (OOC), a commercial company wholly owned by the Government of Oman. Established in 1996, it pursues investment opportunities in the wider energy sector both inside and outside Oman. OOC plays an important role in the Sultanate’s efforts to diversify the economy and to promote domestic and foreign investments. For more information about Oxea, visit www.oxea-chemicals.com.

Commercial contact

OXEA GmbH, Rheinpromenade 4a, 40789 Monheim am Rhein, Germany
Matthias Freitag, Global Commercial Business Director Polyols
Phone: +49 (0)2173 9993-3132
marketing@oxea-chemicals.com

Oxea increases carboxylic acids prices in Europe

The global chemical company Oxea will increase list and off-list prices on the following products effective January 1, 2018, or as contracts allow for Europe.

Product Europe
EUR/mt
2-Ethylhexanoic Acid + 75
Propionic Acid + 165
Valeric Acid + 50
Isononanoic Acid + 150

About Oxea

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 for the production of high-quality coatings, lubricants, cosmetics and pharmaceutical products, flavorings and fragrances, printing inks and plastics. Oxea employs more than 1,400 people worldwide. Oxea is part of the Oman Oil Company S.A.O.C. (OOC), a commercial company wholly owned by the Government of Oman. Established in 1996, it pursues investment opportunities in the wider energy sector both inside and outside Oman. OOC plays an important role in the Sultanate’s efforts to diversify the economy and to promote domestic and foreign investments. For more information about Oxea, visit www.oxea-chemicals.com.

Commercial contact

OXEA GmbH, Rheinpromenade 4a, 40789 Monheim am Rhein, Germany
Svea Meuser, Regional Commercial Business Manager Carboxylic Acids & Esters Value Chain
Phone: +49 (0)2173 9993-3165
marketing@oxea-chemicals.com

Oxea to initially step up European DOTP offering to 60,000 mt/year

The global chemical company Oxea has entered into a cooperation with a German partner to produce dioctyl terephthalate (DOTP), a general purpose non-ortho-phthalate plasticizer, in Europe. By 2019, Oxea will initially offer 60,000 metric tons of DOTP. For this project with Oxea, the partner will construct a modular DOTP production unit at its manufacturing site in Germany. Oxea will supply the key precursor 2-ethylhexanol (2-EH) and will market the end product DOTP through its own sales channels. Dioctyl terephthalate is a phthalate-free plasticizer that meets highest environmental requirements. A replacement mainly for dioctyl phthalate (DOP) and diisononyl phthalate (DINP), DOTP is used in a wide range of applications such as construction, automotive, coatings, and flooring.

Dr. Salim Al Huthaili, OXEA
Dr. Salim Al Huthaili, Oxea

“As most DOTP in Europe is currently being imported, our project will make Oxea the major supplier of DOTP in Europe. We will be able to sustainably meet our customer’s current and future needs for this important non-ortho-phthalate plasticizer, and can further improve delivery reliability. As the largest European producer of 2-EH Oxea is backward integrated,” said Oxea CEO Dr. Salim Al Huthaili.

About Oxea
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 for the production of high-quality coatings, lubricants, cosmetics and pharmaceutical products, flavorings and fragrances, printing inks and plastics. Oxea employs more than 1,400 people worldwide. Oxea is part of the Oman Oil Company S.A.O.C. (OOC), a commercial company wholly owned by the Government of Oman. Established in 1996, it pursues investment opportunities in the wider energy sector both inside and outside Oman. OOC plays an important role in the Sultanate’s efforts to diversify the economy and to promote domestic and foreign investments.

Refinancing: Oxea Issues EUR 900 Million Equivalent First Lien Term Loan, Upsizes Revolving Credit Facility

Chemical company Oxea, one of the world’s leading manufacturers of oxo chemicals, announced today the successful closing of a EUR 900 million equivalent first lien term loan. Also, the company entered into a new and significantly upsized EUR 137.5 million six-year revolving credit facility. The new term loan extends Oxea’s debt maturity profile and reduces the overall cost of debt. Furthermore, the company’s liquidity is improved through the upsizing of the revolving credit facility. The term loan comprises a EUR 475 million euro-denominated tranche and a USD 500 million dollar-denominated tranche, both due 2024. Oxea will use the proceeds from the term loan to refinance its existing first lien term loan ahead of its 2020 maturity.

Oxea has seen strong performance in both its oxo intermediates and oxo derivatives businesses in 2017, driven by improved industry fundamentals and benefits of management initiatives. The company received an upgrade in outlook from credit rating agencies in September 2017: Standard & Poor’s changed its outlook from stable to positive, and Moody’s changed its outlook from negative to positive.

Dr. Salim Al Huthaili, OXEA
Dr. Salim Al Huthaili, Oxea

“The successful refinancing reflects the success of our forward-thinking risk management and the support from our board. With sustained momentum in performance and continued support from our shareholder Oman Oil Company, we now have a clear runway and great flexibility to implement our strategy underpinned by innovation, growth, and optimization. Oxea will continue to generate strong cash flows and is well positioned for the next phase of its growth,” said Dr. Salim Al Huthaili, CEO of Oxea.

Perella Weinberg Partners served as advisor to Oxea for the transaction. Bank of America Merrill Lynch (lead-left on the dollar-denominated tranche) and HSBC (lead-left on the euro-denominated tranche) were lead bookrunners in the process, with J.P. Morgan and UniCredit as joint bookrunners and LBBW acting as lead arranger.

About Oxea

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 for the production of high-quality coatings, lubricants, cosmetics and pharmaceutical products, flavorings and fragrances, printing inks and plastics. Oxea employs more than 1,400 people worldwide. Oxea is part of the Oman Oil Company S.A.O.C. (OOC), a commercial company wholly owned by the Government of Oman. Established in 1996, it pursues investment opportunities in the wider energy sector both inside and outside Oman. OOC plays an important role in the Sultanate’s efforts to diversify the economy and to promote domestic and foreign investments. For more information about Oxea, visit www.oxea-chemicals.com.

Oxea starts business with Halal certified Pelargonic Acid

Bay City Plant
Bay City Plant from OXEA

The global chemical company Oxea has received Halal certification for its Carboxylic Acids product line from its production plant in Bay City, Texas, USA. In September 2017, the company began shipping bulk quantities of its new product “Pelargonic Acid Halal”. At its Bay City plant, Oxea follows rigorous guidelines to ensure that along the entire value chain its raw materials, manufacturing processes, handling, and logistics strictly comply with Islamic religious requirements. The production plant and the logistics terminal were audited and certified by Islamic Services of America (ISA) without any issues. Oxea’s Pelargonic Acid, chemically known as n-Nonanoic Acid, is an economical industrial alternative to the native fatty acids Caprylic Acid (C8) and Capric Acid (C10). Among other uses, it serves as an intermediate for the production of high-performance synthetic lubricant esters.

“With our new Pelargonic Acid Halal, we address the growing needs of our Islamic customers for Halal certified alternatives to C8/C10 fatty acids. Through our initiative, we make it easier for them to certify their manufacturing processes. This is important because the concept of Halal (“pure”) applies not just to the food consumed by Muslims but also to the entire production process – down to even remotely associated suppliers and components,” said Dr.  Christoph Balzarek, Commercial Business Director Carboxylic Acids at Oxea. “As one of the largest manufacturer of Synthetic Carboxylic Acids world-wide, we respond flexibly to our customer’s religious needs and support them in their growth,” he added.

“Halal certification is complex. Therefore I would like to thank all Oxea employees involved for their commitment to make this certification a success,” said Dr. Günther Becker, Director of Product Stewardship and Quality Management at Oxea. “Thanks to the efficient co-operation between our dedicated, cross-functional teams from quality management, production, supply chain, and logistics, the integration of the new procedures into Oxea’s existing quality management system went smoothly and succeeded within a very short timeframe. For the certification, we established a HACCP (Hazard Analysis Critical Control Points) system, just as we would have needed it for a foodstuff approval. We reviewed all related processes along the complete value chain and adapted our Management of Change processes because the smallest of details can lead to the process being no longer certifiable, such as the use of alcohol or the wrong type of water in cleaning operations. The Halal certificate shows the robustness of Oxea’s production, quality control, and management processes. We can prove to our customers that our products have the right quality for their applications in a formally certified manner,” he concluded.

About Oxea

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 for the production of high-quality coatings, lubricants, cosmetics and pharmaceutical products, flavorings and fragrances, printing inks and plastics. Oxea employs more than 1,400 people worldwide. Oxea is part of the Oman Oil Company S.A.O.C. (OOC), a commercial company wholly owned by the Government of Oman. Established in 1996, it pursues investment opportunities in the wider energy sector both inside and outside Oman. OOC plays an important role in the Sultanate’s efforts to diversify the economy and to promote domestic and foreign investments. For more information about Oxea, visit www.oxea-chemicals.com.

Customer contact

OXEA GmbH, Rheinpromenade 4a, D-40789 Monheim am Rhein
Dr. Christoph Balzarek, Commercial Business Director, Carboxylic Acids and Esters Value Chain
Tel.: +49 (0)2173 9993-2984, marketing@oxea-chemicals.com

Oxea Announces Price Increases for Oxo Intermediates in the Americas

Oxea will increase list and off-list prices on the following products effective November 1, 2017, or as contracts allow. This price increase will be on top of the increase effective October 1, 2017.

Product North America / Mexico
USD/lb
South America
USD/mt
n-Propyl Acetate 0.06 130
n-Propanol 0.06 130
n/iso-Butanol 0.06 130
n/iso-Butyl Acetate 0.06 130

About Oxea

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 for the production of high-quality coatings, lubricants, cosmetics and pharmaceutical products, flavorings and fragrances, printing inks and plastics. Oxea employs more than 1,400 people worldwide. Oxea is part of the Oman Oil Company S.A.O.C. (OOC), a commercial company wholly owned by the Government of Oman. Established in 1996, it pursues investment opportunities in the wider energy sector both inside and outside Oman. OOC plays an important role in the Sultanate’s efforts to diversify the economy and to promote domestic and foreign investments. For more information about Oxea, visit www.oxea-chemicals.com.

Commercial contact:

OXEA Corporation, 1505 West LBJ Freeway, Dallas, TX, 75234, USA
Purnendu Rai, EVP Global Sales and Marketing
Phone +1 972-481-6010
marketing@oxea-chemicals.com

Animal Feed: Oxea Certified According to GMP+ and HACCP in Europe

The global chemical company Oxea has had its European product lines for feed additives and its new Group headquarters in Monheim am Rhein certified according to HACCP (Hazard Analysis Critical Control Points) standards. At its Marl site, the carboxylic acid plant has already passed the GMP+B2 certificate (Good Manufacturing Practice) since 2010. The new Group headquarters received the GMP+B1 certificate for the first time. With this certification, Oxea supports its customers in the animal feed sector in their continuous quality assurance process. KMPG and SGS audited Oxea’s Group headquarters and production sites without any objections, and the production, logistics, and warehousing departments were certified accordingly.

Visualisierung (C) Goldbeck West
Visualisierung (C) Goldbeck West

“Feed manufacturers worldwide use salts and esters of our butyric acid AF (Animal Feed) and propionic acid AF for the production of feed materials that are free of antibiotic growth promoters, the so-called AGP-free feed. We take the needs of our customers seriously: Through our initiative, we support them in the complete certification of their processes according to HACCP and GMP. Our customers now have the assurance that they can purchase their basic products from a certified supplier. We can prove that we work carefully in the supply chain. This makes it even easier for our customers to use Oxea’s raw materials. To this end, we have invested a great deal of effort in the process control and documentation of production. Also, our employees undergo extensive training,“ said Dr.  Christoph Balzarek, Commercial Business Director Carboxylic Acids at Oxea.

“Oxea meets the needs of its customers to ensure their success. Therefore, we are very pleased about the successful certification. It is an important part of our selective growth strategy, particularly in the important feed sector,“ commented Dr. Salim Al Huthaili, CEO of Oxea. I would like to thank our dedicated, cross-functional teams from production, supply chain, and logistics as well as our quality management team for their great dedication to the preparation and execution of the highly successful audits,“ continued Al Huthaili.

A list of certificates issued is available at www.oxea-chemicals.com/certificate

HACCP is a systematic approach to identify potential risks in the production of feed and food and is a fundamental component of food and feed safety. GMP+ is an additional quality management system that goes beyond this and integrates all relevant areas of the company into the feed safety management system.

About Oxea

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 for the production of high-quality coatings, lubricants, cosmetics and pharmaceutical products, flavorings and fragrances, printing inks and plastics. Oxea employs more than 1,400 people worldwide. Oxea is part of the Oman Oil Company S.A.O.C. (OOC), a commercial company wholly owned by the Government of Oman. Established in 1996, it pursues investment opportunities in the wider energy sector both inside and outside Oman. OOC plays an important role in the Sultanate’s efforts to diversify the economy and to promote domestic and foreign investments. For more information about Oxea, visit www.oxea-chemicals.com.

Customer contact

OXEA GmbH, Rheinpromenade 4a, D-40789 Monheim am Rhein
Dr. Christoph Balzarek, Commercial Business Director, Carboxylic Acids and Esters Value Chain
Tel.: +49 (0)2173 9993-2984, feedacids@oxea-chemicals.com

 

Oxea increases carboxylic acids prices from October 01, 2017 (Europe)

The global chemical company Oxea announces an increase for list and off-list prices for carboxylic acids. The increase varies depending on single product and will be effective from October 1, 2017, in Europe, and applies to all orders shipped on or after this date as contracts allow. As one of the world’s leading suppliers for carboxylic acids, Oxea remains committed to its high-quality product standards and reliable services that customers have come to expect.


Product
Europe
EUR/mt
n-Butyric Acid 100
Isobutyric Acid 100
2-Ethylhexanoic Acid 100
n-Heptanoic Acid 200
Pelargonic Acid 200
Isononanoic Acid 100
OXEA the oxo people
OXEA the oxo people

About Oxea

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 for the production of high-quality coatings, lubricants, cosmetics and pharmaceutical products, flavorings and fragrances, printing inks and plastics. Oxea employs more than 1,400 people worldwide. Oxea is part of the Oman Oil Company S.A.O.C. (OOC), a commercial company wholly owned by the Government of Oman. Established in 1996, it pursues investment opportunities in the wider energy sector both inside and outside Oman. OOC plays an important role in the Sultanate’s efforts to diversify the economy and to promote domestic and foreign investments. For more information about Oxea, visit www.oxea-chemicals.com.

Commercial contact:

OXEA GmbH, Otto-Roelen-Str. 3, D-46147 Oberhausen
Matthias Freitag, Marketing Manager Carboxylic Acids
Phone: +49 (0)208 693 3132, Fax: +49 (0)208 693-2050
marketing@oxea-chemicals.com

After Hurricane Harvey: Oxea’s Production Plants in Bay City and Bishop Successfully restarted

OXEA the oxo people
OXEA the oxo people

Today the global chemical company Oxea announced the successful restart of operations at its production sites in Bay City and Bishop, Texas, USA, after the controlled shutdown due to the landfall of Hurricane Harvey by end of August. The hurricane was one of the most powerful storms to hit the USA for years. Oxea’s units are back in operation mode and have started production of specified material. Although the units are not yet back at full capacities, Oxea was able to repeal Force Majeure for several products. While logistics are still a state-wide challenge, Oxea’s logistics team works closely with its customers to arrange shipments matching with their needs.

“The safety of our employees was of primary concern when we shut down the Bay City and Bishop plants and prepared for the storm. Our thoughts are with the huge number of people whose lives have been impacted by Hurricane Harvey,” said Salim Al Huthaili, CEO of Oxea. “Now we are working closely with our employees that were significantly affected by the storm and who are dealing with damage and flooding of their personal property and impact on their family and friends. Many Oxea colleagues have volunteered labor, services, and supplies and donated to relief efforts,” he continued.

Due to fortunate circumstances the impact of the hurricane and subsequent flooding were less damaging than forecasted, and only minor issues have been identified at the site. In Bay City, Oxea is currently implementing one of its largest investment projects: the construction of the new propanol production unit “Propanol 2”, scheduled for completion in 2018. The contractors have done an excellent job and secured Oxea’s construction site before the storm. The assessment of the Propanol 2 construction site did not identify any significant damages. “Except for a slight schedule delay, the Propanol 2 Project suffered very little impact from Hurricane Harvey,” stated Markus Heuwes, Propanol 2 Project Director at Oxea.

“I am very proud of our employees and the site. Everyone has worked together as a team to recover from the weather emergency. The emphasis placed on safety and the dedication to service our customers has been outstanding. Our thanks go to the entire Oxea team who helped securing the site and ensured a quick restart,” commented Fred Gaytan, Oxea’s Bay City and Bishop Site Director.

About Oxea

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 for the production of high-quality coatings, lubricants, cosmetics and pharmaceutical products, flavorings and fragrances, printing inks and plastics. Oxea employs more than 1,400 people worldwide. Oxea is part of the Oman Oil Company S.A.O.C. (OOC), a commercial company wholly owned by the Government of Oman. Established in 1996, it pursues investment opportunities in the wider energy sector both inside and outside Oman. OOC plays an important role in the Sultanate’s efforts to diversify the economy and to promote domestic and foreign investments. For more information about Oxea, visit www.oxea-chemicals.com.