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On June 5th 2014, Nynas signed an agreement with Statoil to take over the bitumen depot on Holmen in Drammen, Norway.
“We are delighted to take over the depot in Drammen. With this new investment, we secure that Nynas can deliver quality bitumen long-term to the Norwegian market. The deliveries from the depot represent a significant proportion of the Norwegian market,” says Kjell-Arne Juul, Managing Director at Nynas AS.
The depot has a very strategic position situated on the Holmen island in the outlet of the Drammen river into the Drammen fjord. This is one of the most expanding areas in Norway, with a strong population growth and located close to Oslo. The depot is easily accessed by vessel to and from the Nynas refinery in Gothenburg and has easy distribution access to the eastern and southern parts of Norway.
Nynas can deliver a wide range of products from the depot in Drammen. However, special products such as oxidized bitumen, emulsions and PMB will still be supplied from our network in Sweden.
Nynas has since 1997 had a lease agreement with Statoil for deliveries of bitumen from the depot and has over the years increased the throughput significantly.
“By taking over the depot in Drammen, Nynas will fully control the operation and develop the depot according to the Nynas standard,” Kjell-Arne Juul continues.
With this agreement, Nynas will not take over any customers, sales or marketing assets from Statoil.
Today, the decision to adopt Nynas composition from 30 November 2020 became final in Södertörn District Court. This means that Nynas company reorganisation is formally completed and that Nynas creditors will be paid in accordance with the composition agreement.Read more about Nynas reorganisation completed
Nynas formally exits the reorganisationRead more about After decision in the Court of Appeal
The district court's decision of 30 November to confirm the composition in Nynas AB's corporate reorganisation has been appealed by the Swedish Tax Agency on 21 December. Extraordinary reasons have since been applied based on approval of the administrators as of 22 December 2020 and Nynas has today paid in full to the Swedish Tax Agency and thus the Swedish Tax Agency no longer has any claim.Read more about Nynas reorganisation formally expected to be completed in January 2021