The companys oxo derivatives segment includes carboxylic acids, polyols, higher aldehydes and specialty derivatives, amines and specialty esters. According to Oxea, carboxylic acids are mainly used as raw materials for synthetic lubricants, while higher aldehydes and specialty derivatives are used in building blocks for synthetic lubricants. Polyols and specialty esters are used in lubricants, while amines are used in lubricant additives and corrosion inhibitors.

The plant is located in Nanjing Chemical Industry Park, along the Yangtze River. The industry park offers an existing base of large chemical companies, excellent infrastructure and access to well-educated human resources, according to Oxea.

China is the main growth engine for the Asia-Pacific region, and at this strategic location our new plant will greatly support our local customers there, said Miguel Mantax, executive board member for marketing and sales for Oberhausen, Germany-based Oxea. In a first step, our Nanjing plant will produce Oxeas specialty esters, phthalate-free plasticizers and other oxo derivatives. However, we have allowed space for future expansion and new investments. The new plant will enable Oxea to better serve the steadily growing high demand for our products in China and Asia, and at the same time further strengthen Oxeas leading global market position.