Approved extension of Nynas reorganisation

Södertörn's District Court today approved an extension of Nynas AB’s company reorganisation for another three months, until September 15, 2020.

Extensive work has been carried out throughout the reorganisation, which has resulted in decisive progress in the last month. The conditions for a long-term sustainable reorganisation of Nynas operations are good. Both Nynas and the Administrators now believe that it is possible to complete the reorganisation in the coming three-month period.

Sustainable Development

Sustainable governance

Eurobitume is carrying out longterm work to help the organisation’s members to prepare for upcoming challenges as the conditions change in the market. One example is the decision to form the Bitumen Sustainability Steering Group (BSSG), chaired by Carl Robertus from Nynas.

Projects

The Ryfylke tunnel, Norway

2013 saw the start of a major construction project – the Ryfylke tunnel, which opened to traffic just in time for the start of the new decade. This is the longest and deepest underground road tunnel in the world – 292 m below sea level – and it forms part of what is known as the Ryfast project.

Noted

Nynas exits US sanctions

The US Treasury Department’s Office of Foreign Asset Control (OFAC) announced today that Nynas is no longer being blocked pursuant to the Venezuela Sanctions Regulations. As a result of a corporate restructuring of the ownership of Nynas AB sanctions are lifted, and US persons and companies no longer require an authorization from OFAC to engage in transactions or activities with Nynas AB. As a consequence, general license GL 13E is removed.

Sustainable Development

Asphalt – a circular material

The reuse of asphalt is one area where the bitumen and asphalt industries contribute to a more sustainable utilisation of our natural resources.

Noted

The score for quality is lower

Roberto Crotti, World Economic Forum (WEF), on the state of the European road network.

Interview on the link between roads and competitiveness


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