Oman Oil Company (OOC) has successfully concluded the acquisition of Oxea which was announced in October. The purchase price was not disclosed. Oxea is one of the largest global manufacturers of Oxo chemicals. With the acquisition, OOC aims to become a vertically integrated global chemical leader in the downstream industry.
“Oxea is an impressive company with a strong track record, highly diversified product portfolio and strong customer base. With its international presence in Europe and North America, leading technology, efficient platform and longstanding experience in the Oxo segment, Oxea will support our further expansion into the chemical sector,” said H.E. Nasser bin Khamis Al Jashmi, Chairman of Oman Oil Company.
The global chemical company Oxea has officially changed its corporate name to OQ Chemicals as a token of its final integration into the newly formed energy company OQ. Complementing the name change is a new corporate identity, reflecting the potential of the group. OQ aims to become a globa ... more
Oxea increases n-propanol Availability in Europe for Disinfectant Manufacturers
In the second quarter of 2020, the chemical company Oxea tripled its delivery volumes of n-propanol in Europe due to very high demand from manufacturers of hand sanitizers and the printing industry. “In Europe, we are experiencing strong demand for n-propanol from renowned customers in the ... more
Oxea Lifts Force Majeure in Oberhausen, Germany
The chemical company Oxea has lifted its declaration of force majeure for 2-Ethylhexanoic Acid, Propionaldehyde Europe, and TCD Alcohol. The production units in Oberhausen, Germany, are running at normal capacity again. The declaration of force majeure had become necessary because of an inc ... more
Oman Oil and Oxea Cooperate with German University of Technology
The Oman Oil Company (OOC) together with its subsidiary, the chemical company Oxea, has signed an agreement with the German University of Technology (GUtech) in Maskat, Oman. According to this agreement, GUtech, a private university that is associated with the RWTH Aachen (University of Tec ... more
Air Products and Takamul Investment Announce the Formation of a New Joint Venture in Oman
Air Products and Takamul Investment Company, a subsidiary of the Oman Oil Company, announced they have signed a joint venture agreement to establish an integrated industrial gases venture, which will become a one-stop provider for a full range of industrial gases such as hydrogen, nitrogen ... more
Oman Oil Company acquires Oxea
Advent International announced its divestment from Oxea, one of the largest global manufacturers of Oxo chemicals. Oman Oil Company (OOC), a commercial company wholly owned by the Government of the Sultanate of Oman, will acquire Oxea to strengthen its position in the global chemicals secto ... more
