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Nynas takes over Harburg refinery

Nynas has now completed the takeover of the former Shell refinery in Hamburg, Germany.

“The addition of Harburg to the Nynas supply network is an important step forward in Nynas’ growth strategy,” says Gert Wendroth, President and CEO of Nynas AB.

The Nynas Harburg refinery will have a production capacity of specialty oils up to 330,000 tons. In addition it will offer a wide range of penetration bitumen for Nynas’ customers in Europe. A new bitumen truck loading facility planned to be operational by mid-2016 will be the final step in improving the refinery infrastructure. Currently the distillation unit in the northern part of the refinery is being converted and upgraded to start up again in spring 2016.

On September 2, 2013, the European Commission had approved the takeover of the facilities leading as a first step to the integration of the base oil plant with some 90 employees into Nynas in January 2014. With the completion of the acquisition another 157 employees transfer from Shell to Nynas.

For further information please contact:
Hans Östlin
Communications Director Nynas AB
Email: hans.ostlin@nynas.com
Tel: +46 (0)708 93 19 75

Further reading

Nynas reports third quarter 2016

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.

Read more about Nynas reports third quarter 2016

Nynas reports second quarter 2016

In the second quarter, sales volumes for naphthenic specialty oils and bitumen increased with 4 percent compared to last year. Net sales for the second quarter were SEK 3,318 million (4,907) as a consequence of primarily lower oil price levels and a weaker British pound. The majority of our activities focused on the Harburg refinery conversion project.

Read more about Nynas reports second quarter 2016

Nynas refinances its USD 50,000,000 private placement bond

Nynas refinances its USD 50,000,000 private placement bond through a SEK term loan from relationship banks.

Read more about Nynas refinances its USD 50,000,000 private placement bond