Oxea is in the final stages of completing a feasibility study on additional downstream plant expansion projects at its site in Bay City, Texas, the Germany-based oxo-chemicals producer said on Monday.
The announcement follows a recent project in which Bay City syngas production was successfully raised by 10%, the company said.
The study is examining various scenarios to boost the plants capacities, as well as the further optimization of Oxeas product portfolio, according to company officials.
It is scheduled to be completed during the fourth quarter 2012.
Oxeas Bay City plant is a large world-scale facility for oxo chemicals such as oxo-alcohols, carboxylic acids and acetate esters, the company says.
There is a continuously growing demand for oxo chemicals from an increasing number of industries, said Miguel Mantas, executive board member for marketing and sales.
Oxeas oxo-alcohols and carboxylic acids for example, are building blocks for among others phthalate free plasticizers or energy-efficient lubricants for the manufacturing of environment-friendly cooling systems, and are therefore in high demand, he added.
Oxea is a global manufacturer of oxo-intermediates and oxo-derivatives, such as alcohols, polyols, carboxylic acids, specialty esters, and amines.