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Nynas Completes Takeover of German Refinery Formerly Owned by Royal Dutch Shell

Nynas AB, January 8, 2016

Nynas AB, a Swedish manufacturer of specialty naphthenic oils and bitumen products, has completed its takeover of the former Royal Dutch 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 approved the takeover of the facilities leading to the initial integration of the base oil plant and some 90 employees into Nynas in January 2014. With the completion of the acquisition, another 157 employees will transfer from Shell to Nynas.

 


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