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Oxea declares force majeure on intermediates after malfunction at Bay City

7:59 AM MDT | July 4, 2014 | Natasha Alperowicz

Oxea, a producer of oxo-alcohols and derivatives owned by Oman Oil, announced today that it has encountered a significant production issue at its Bay City, TX facility. Due to a malfunction in the production process that, despite its best efforts could not be avoided, the company has been unable to resume full production. Oxea says that, as a result, it has been forced to declare force majeure, effective immediately for n/i butanol, n/i butyl acetate, n-propanol, and n-propyl acetate.   Oxea says it is currently evaluating the effects of the malfunction on...

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