The present invention relates to a method of producing a magnesium compound represented by the following formula: Mg(OR1)2−n(Modifier)n wherein R1 is CmH2m+1, where in m is an integer from 2 to 10, and n is 0-2 wherein the method comprises the steps a) providing a mixture comprising magnesium, an initiator and a first alcohol wherein the molar ratio of initiator to magnesium is from 0.0001 to 1; and b) adding a modifier to the mixture obtained in step a) wherein the modifier is selected from the group consisting of alkoxy alcohol, carboxylic acid ester, aliphatic hydrocarbon, aromatic hydrocarbon, ketone, a second alcohol or a mixture thereof, wherein the second alcohol is different from the first alcohol, respective magnesium compound and the use thereof.