Strategic Value Partners (SVP) and Blantyre Capital Limited (Blantyre) recently announced the acquisition of OQ Chemicals (Oxea), a leading global producer and merchant of oxo chemicals.
Toward achieving cost savings in the double-digit million euro range, Germany’s OQ Chemicals, part of the Oman-based OQ energy group, has announced a cost-cutting scheme that will see it cut 10% of the workforce.
OQ Chemicals has successfully started up its new pilot plant for esters at Oberhausen, Germany. The company said the facility enables it to manufacture small quantities of esters tailored to customer needs for test purposes before making an industrial-scale investment.
