Lindetorpsvï¿½gen 7, Stockholm, Sweden
+46-8-602 12 00
In the third quarter, sales volumes for naphthenic specialty oils and bitumen increased with 2 percent compared to last year. Net sales for the second quarter were SEK 3,813 million (4,992) as a consequence of primarily lower oil price levels and a weaker British pound.
"The third quarter was a difficult one for Nynas and financial performance remained below expectations. This is due to lower margins and the effects of the delayed Harburg refinery start-up becoming fully visible. However, in line with our strategy, we managed to grow the overall sales volumes of naphthenic specialty oils with 8% above the equivalent period in 2015," commented Gert Wendroth, President and CEO of Nynas AB.
For further information, please contact:
Hans Östlin, Communications Director Nynas AB
Tel.: +46 (0)708 93 19 75
The International Maritime Organization (IMO) has announced that it will dramatically lower the global limit on sulfur content for marine fuels from the current 3.5% to 0.5% as of 2020. The aim is to significantly curb pollution produced by the world's ships. Three experts reflect on what this means.Read more about The impact of IMO 2020