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Oxea Declares Force Majeure for Individual Product Groups Due to Disruption of Operations at a Site Partner in Oberhausen, Germany

November 20, 2018

MONHEIM AM RHEIN, Germany--(BUSINESS WIRE)--Nov 20, 2018--As the result of a disruption in the operation of a raw material supplier at the site, the chemical company Oxea will have to restrict the supply of certain products from its production plant in Oberhausen, Germany, until further notice.

On the night of November 18, 2018, the synthesis gas production of the site partner Air Liquide at the Oxea site in Oberhausen was disrupted. The affected plant was shut down automatically, people or the environment were not harmed.

Air Liquide produces technical gases in Oberhausen, including synthesis gas, which are supplied as raw materials to Oxea for further processing at the site.

Oxea is currently unable to provide more detailed information on the duration of the situation. The company has already informed its customers and will keep them informed about further developments and the ability to deliver.

About Oxea

Oxea is a global manufacturer of oxo intermediates and oxo derivatives, such as alcohols, polyols, carboxylic acids, specialty esters, and amines. These products are used for the production of high-quality coatings, lubricants, cosmetics and pharmaceutical products, flavorings and fragrances, printing inks and plastics. Oxea employs more than 1,400 people worldwide. Oxea is part of the Oman Oil Company S.A.O.C. (OOC), a commercial company wholly owned by the Government of Oman. Established in 1996, it pursues investment opportunities in the wider energy sector both inside and outside Oman. OOC plays an important role in the Sultanate’s efforts to diversify the economy and to promote domestic and foreign investments.

For more information about Oxea, visit www.oxea-chemicals.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181120005484/en/

CONTACT: OXEA GmbH

Thorsten Ostermann, Communications and Press Relations

Phone: +49 (0)2173 9993-3009

communications@oxea-chemicals.com

KEYWORD: EUROPE ASIA PACIFIC GERMANY

INDUSTRY KEYWORD: ENERGY OIL/GAS MANUFACTURING CHEMICALS/PLASTICS

SOURCE: Oxea

Copyright Business Wire 2018.

PUB: 11/20/2018 10:20 AM/DISC: 11/20/2018 10:20 AM

http://www.businesswire.com/news/home/20181120005484/en

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