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OQ Chemicals (formerly OXEA) is the second largest manufacturer of Oxo Intermediates and Oxo Derivatives globally by production capacity, with total production capacity of over 1.2 million tons per annum. Oxea is the number one producer of Oxo Intermediates and Derivatives for the merchant market globally. OQ aims to become a global leading energy company and offers a diversified product mix, including energy, polymers, and oxo chemicals.

OQ Chemicals is the inventor of the Oxo process as well as of several proprietary technologies for the manufacture of Oxo chemicals. Oxea benefits from highly integrated production facilities and a well-balanced value chain in Oxo Intermediates and Oxo Derivatives. The flexible production process allows Oxea to manage the production flow carefully and react to short term demand patterns for key products. This enables Oxea to optimize the allocation of our production capacity to manufacture the most commercially attractive products at any given time.

The product offering consists of more than 60 products that OQ provides to customers in a wide range of industries for many varied end market applications, including construction, automotive, consumer goods, healthcare and agrochemicals industries, as well as for further uses in the chemicals industry. These products are used in a wide range of applications, including coatings, lubricants and plasticizers. As a result, OQ is not overly exposed to end-market specific cycles.

Since December 2013 OQ Chemicals is part of Oman Oil Company (OOC). 

Since Q2 2020 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, reflecting the potential of the group, 

The main operating companies are OQ Chemicals GmbH, a German limited liability company (Gesellschaft mit beschränkter Haftung), organized under the laws of Germany, and OQ Chemicals Corporation, a corporation organized under the laws of the State of Delaware.

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