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Home  > Markets & companies  > Raw materials market  > More than a name change: Oxea is now OQ Ch...

Thursday, 01 October 2020
Markets & companies, Raw materials market

More than a name change: Oxea is now OQ Chemicals

Friday, 19 June 2020

The chemical company Oxea has officially changed its corporate name to OQ Chemicals as a token of its final integration into the newly formed energy company OQ.

Complementing the name change is a new corporate identity and a new website under OQ aims to become a global leading energy company and offers a diversified product mix, including energy, polymers,and oxo chemicals.

"We are committed to provide the same service level and to support the growth and success of our customers,” said Dr.Oliver Borgmeier, responsible for the Downstream International Assets at OQ. "Long-term, our customers will benefit from synergies at OQ: We will continue to invest in innovation. In 2021, we aim to add 30 percent to our company’s total production capacity for carboxylic acids with a sixth world-scale production plant. For the sameyear, we plan to bring on-stream additional production capacity for TCD Alcohol that will cover the anticipated global demand for years to come,” he added.

New brand identity 

Oxea became part of the Oman Oil Company (OOC) in 2013. Since then, numerous growth programmes were initiated and implemented. At the end of 2019, under the leadership of OO Cand Orpic Group, nine Oman based companies which were already affiliated formed the new brand identity OQ.

"Having one brand globally was highlighted earlier in the integration process as a key enabler for integration. Much of the feedback we received then was that we needed a new platform and a new identity to enable us to come together and create the future company we are all proud of. The choice was also for a new, fresh, bold,and global brand that will represent the new company that we are. So that was OQ!” explained OQ Group CEO Musab Al Mahruqi.

Image source: Pixabay.

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Oxea has officially changed its corporate name to OQ Chemicals. Image source: TheDigitalArtist - Pixabay.

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