Nynas takes over Harburg refinery

Stockholm, January 4, 2016 – Nynas, a Swedish company focusing on producing and selling naphthenic specialty oils and bitumen, 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, e-mail: hans.ostlin@nynas.com
Tel: +46 (0) 708 93 19 75
Learn more about Nynas at www.nynas.com

The information is submitted for publication on 4 January 08:00 CET.

Nynas is a different kind of oil company – we want to use oil, not burn it.
With around 1000 employees, production facilities in Europe and South America as well as offices in over 30 countries, Nynas is dedicated to researching, producing and supplying specialty naphthenic oils and bitumen for a growing global market. Together with our customers, we have the know-how to find new applications and meet new challenges that can help shape society.
We take oil further to bring value to customers and the world we live in.