Nynas news

02-03-2022 18:10

Nynas halts purchase of feedstock of Russian origin

Nynas has decided to halt purchase of feedstock of Russian origin, and sales to customers in Russia and Belarus have also been stopped.

The Russian invasion of Ukraine and its tragic consequences throughout the region have prompted Nynas to reconsider its supplies from Russia and also sales to the country.  Sales to customers in Russia and Belarus were stopped last week until further notice. Today we announce that Nynas has decided to halt purchase of feedstock of Russian origin. Nynas has previously to a various degree purchased feedstock with Russian origin from western non-Russian suppliers.

”We in Nynas, like everyone else, are hoping for an urgent end to the Russian invasion of Ukraine to stop the ongoing humanitarian catastrophe. The decision as communicated is taken even though the export of crude oil and gas from Russia are not today subject to sanctions,” says Bo Askvik, Nynas President & CEO.

Nynas has alternatives to Russian feedstocks, and we will increase that part of the raw material supply. At the same time, we also evaluate new suppliers on a continuous basis.

 

For further information contact

Hans Östlin

Communications Director

mobile number +46 708 93 19 75
email number Send an email

Further reading

Nynas UK announce their future plans for the bitumen business in the UK

Nynas UK today announce that they will be ending the partnership with Navigator Terminals at their Teesside depot at the end of the existing contract in December 2022.

Read more about Nynas UK announce their future plans for the bitumen business in the UK

A new refinery landscape

The overall impact of IMO 2020, Covid-19 and the closure of outdated refineries has increased the benefit of bitumen expertise and specialisation. The question is who will produce bitumen in the future?

Read more about A new refinery landscape

The UK’s first carbon-neutral pavement

Using cold recycling technology developed in-house, Aggregate Industries has taken a major step in the direction of more sustainable pavements.

Read more about The UK’s first carbon-neutral pavement