Facts & Figures

Facts & Figures

The figures and illustrations shown here refer to the reporting year 2020

ECONOMIC PERFORMANCE

Business development at OQ Chemicals

 

The start of 2020 was marked with unforeseen high challenges for OQ Chemicals. The by far biggest challenge was the global economic slowdown due to the corona pandemic.

Global OQ Chemicals business and financial performance recovered during the second half of 2020, and results of the fourth quarter even exceeded the ones of the previous year.

A strong Oxo Intermediates business was the main driver for the recovery: Overall demand for n-Butanol was strong in both, Europe and the United States, while the demand for n-Propanol significantly increased in the US as well. 

Further financial details can be found in the Financial Statements 2020. 

ENVIRONMENT, HEALTH, AND SAFETY (EHS)

OQ Chemicals’ ISO certifications

EHS PERFORMANCE

OQ Chemicals aims to reduce negative impacts on the environment, health and safety to an absolute minimum. Our ultimate key goal within OQ Chemicals is to achieve zero HSE incidents*.

In 2020, there were no serious or major environmental or fire & explosion incidents. The OSHA (Occupational Safety and Health Administration) regulations have served as an internationally applied stan­dard for classifying work-related injuries at OQ Chemicals for more than 20 years and will continue to do so. With the integration into the OQ Group, new KPIs were introduced in 2020 at OQ Chemicals, such as:

the "total recordable incident frequency” (TRIF)

Despite a slight increase, the OIR and LTIR are still significantly lower than the industry average.

Typical incidents at OQ Chemicals are “slip, trip and fall” incidents, as well as cuts and bruises. Incidents directly linked to contact with chemicals, which might be thought to be typical for the chemical industry, are in general less common. There were no deadly accidents on our premises in 2020.

SOCIAL PERFORMANCE

The following figures provide an overview of the current employee structure.