OBERHAUSEN, Germany – In order to meet growing customer demand, Oxea is planning to increase its European capacity for Oxsoft GPO (dioctyl terephthalate - DOTP) by 50,000 metric tons by the fourth quarter of 2015. To this end, Oxea has signed a Memorandum of Understanding with a third party to establish a joint production of DOTP. Dioctyl terephthalate is a general-purpose plasticizer used in a wide range of applications such as construction, automotive and flooring.
“The European market for phthalate-free plasticizers is growing rapidly. As a replacement mainly for dioctyl phthalate and diisononyl phthalate, DOTP is benefiting particularly from this development and our capacities need to be planned correspondingly,” said Oxea’s project leader, Christian Boehmer.