Global chemical company Oxea announced plans to significantly expand its supply of carboxylic acids in the short to medium term in view of surging demand. Oxea said it is already evaluating various strategic options for its worldwide production sites to be able to reliably meet global market demand in the future. Carboxylic acids from Oxea are used, among other things, for the production of synthetic lubricants, to improve feed hygiene or as building blocks for antibiotic-free feed additives.
“The market segments in which customers use our carboxylic acids offer exciting development opportunities. Isononanoic acid, for example, is an important component in the production of high-performance synthetic lubricants for environmentally friendly refrigeration systems. Due to strict environmental protocols and regulatory requirements, the demand for such synthetic lubricants has increased rapidly worldwide,” said Ina Werxhausen, global commercial business director, acids & esters value chain, Oxea. “As one of the worldwide market leaders for synthetic carboxylic acids, Oxea already offers a broad and differentiated product portfolio. To further support the growth of our customers, we analyze the markets and include their development in our production planning,” she said.
“n-Butyric acid AF (animal feed grade) is important for our customers in the animal feed industry. They use the salts and esters of our butyric acid to formulate animal feed for aquaculture, poultry, pigs and ruminants, which is free of antibiotic performance enhancers. Consumers’ awareness of such issues has risen sharply,” explained Svea Meuser, regional commercial business manager, Oxea.
“The market for carboxylic acids is an important part of Oxea’s business. The sustained strong demand encourages us to invest significantly in the strategic expansion of our production capacities for carboxylic acids. With our investments, we support the market growth, and we will be able to reliably supply our customers both today and in the future,” said Oliver Borgmeier, Oxea’s executive vice president, global operations.