OQ Chemicals has changed its name back to Oxea, following its acquisition by investment firms Strategic Value Partners and Blantyre Capital. The rebrand, effective immediately, comes as the company refocuses on growth under new ownership.
The name Oxea isn’t new. The company originally operated under that name before being absorbed into Oman’s state-owned energy group OQ. It was rebranded as OQ Chemicals in 2020. Now, with the business in private hands, it’s returning to the Oxea brand – reviving a name it used during years of international expansion.
“This rebranding is a clear signal of our intent to drive growth and further strengthen our leadership in the global oxo chemicals market,” said Craig Rogerson, who has been appointed chairman of the board. “Oxea combines continuity with change: we are an established partner entering a new era with renewed energy and a strong determination to help shape the future of the oxo chemical industry.”
The company plans to grow its product range and improve operations, with customer service remaining a key focus, it said.
Oxea recently expanded production at its U.S. facility in Bay City, Texas, where it now makes high-purity propionaldehyde. In Germany, it has added heptanoic acid production at its large-scale Oberhausen plant. Both products are used in a range of industrial and consumer goods.
The company employs more than 1,200 people worldwide and sells chemicals in over 60 countries. Its products – such as alcohols, acids, and esters – are used in coatings, lubricants, cosmetics, pharmaceuticals and other applications.
Oxo chemicals play a key role in high-performance lubricants. Derived from oxo intermediates such as alcohols and acids, these chemicals are used to create esters and other compounds that enhance the thermal stability, viscosity and biodegradability of synthetic and semi-synthetic lubricants. Their ability to improve low-temperature flow and reduce volatility makes them ideal for automotive, industrial and marine applications. As demand grows for more efficient and environmentally friendly lubricants, oxo-based components have become useful in meeting stricter performance and regulatory standards.