The global chemical company Oxea GmbH (Monheim am Rhein, Germany) 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, and a new website: www.chemicals.oq.com.
OQ aims to become a global leading energy company and offers a diversified product mix, including energy, polymers, and oxo chemicals.
“We are committed to provide the same service level and to support the growth and success of our customers,” said Dr. Oliver Borgmeier, responsible for the Downstream International Assets at OQ. “Long-term, our customers will benefit from synergies at OQ: We will continue to invest in innovation. In 2021, we aim to add 30 percent to our company’s total production capacity for carboxylic acids with a sixth world-scale production plant. For the same year, we plan to bring on-stream additional production capacity for TCD Alcohol that will cover the anticipated global demand for years to come,” he added.
Oxea became part of the Oman Oil Company (OOC) in 2013. Since then, numerous growth programs were initiated and implemented. At the end of 2019, under the leadership of OOC and Orpic Group, nine Oman based companies, which were already affiliated, formed the new brand identity ‘OQ’.