Oxea has declared that it will be constructing a chemical plant for the manufacture of oxo derivatives in China by the year 2012. The plant will be functional by the year 2013.
The new plant will be catering to the increasing demand for oxo derivatives in Asia and China, which will be used in construction, cosmetics, pharmaceutical and the automotive industry.
A member of the executive Board at Oxea explained that China is one of the regions that has shown a high demand for oxo derivatives. He added that the new plant will initially focus on producing esters, phthalate-free plasticizers and others. The new plant will be located along the Yangtze River within the Nanjing Chemical Industry Park. The Park already has a steady base of big chemical companies and provides sophisticated infrastructure for setting up of new plants. Apart from being used in the above areas, oxo derivatives can be used in the agrochemical industry and coatings as well. Some of the derivatives are carboxylic acids used as flavours, polymer stabilizers etc; polyols used in high solids coatings, cosmetics and as lubricants; higher-aldehydes used in lacquers, floatation chemicals and amines, which are used in agrochemicals, rubber chemicals and pharmaceuticals; speciality esters, which are used in coalescing agents, lubricants and plasticizers.