Oxea Lifts Force Majeure in Oberhausen, Germany

MONHEIM AM RHEIN, Germany–(BUSINESS WIRE)–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 incident at an important raw material supplier at the Oberhausen site on February 21, 2020. As a result of this operational disruption, Oxea had to temporarily restrict supplies of certain products that the company manufactures in Oberhausen. The site partner has now partially rectified the operational disruption. As a result, Oxea will be able to gradually meet its delivery obligations.

Oxea expects to lift force majeure for 2-Ethylhexanol, n-Butyraldehyde Europe, and n-Butanol Europe in the second half of April.

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. The company employs more than 1,400 people worldwide. Oxea is part of OQ, an integrated energy company delivering sustainability and business excellence. OQ covers the entire value chain from exploration and production through to marketing and distribution of its products. For more information about Oxea, visit www.oxea-chemicals.com or www.oq.com.

Contacts

OXEA GmbH

Thorsten Ostermann

Communications and Press Relations

Phone: +49 (0)2173 9993-3009

communications@oxea-chemicals.com