02-09-2013
EU Commission approves Nynas takeover of base oil plant in Germany
The new production plant will be a core site for Nynas with an annual production of specialty oils up to 350,000 tons. This represents a forty percent increase in the company's supply capability of naphthenic specialty oils. With the takeover of the Harburg production facilities, Nynas will in the first phase take on approximately 90 Shell employees and this number will grow to 220 after two years.
"We signed this deal with Shell in 2011 and we are now satisfied that we have received the approval by the European Commission. The addition of Harburg to Nynas supply system is an important step forward in Nynas' growth strategy," says Staffan Lennström, CEO of Nynas. "We will increase volumes of all products in our current range of naphthenic specialty oils. With the new capacity we can reinforce our delivery performance and quickly meet the growing demand from our customers around the world."
"Over the next 24 months Harburg will be converted into a world class, stand-alone specialty oil refinery. The high safety performance and professionalism demonstrated by the Harburg organisation and the welcoming attitude from the region have been important for taking this step," Staffan Lennström continues.
From the beginning of next year, Nynas will start operating the base oil unit and associated refining facilities, i.e. bitumen assets, tank farms and jetties on the southern part. Approximately 90 people will be employed by Nynas from the start of phase 1.
In preparation for phase 2, a hydrogen production plant will be built and operated by a third party supplier and Nynas will modify plants for further specialty oils production in the northern part.
After the conversion project, Nynas will take over all the operations of the new stand-alone specialty oils refinery.
With this agreement, Nynas will not take over any customers, sales or marketing assets from Shell.
Nynas is a global technical leader and developer of premium specialty oils. The company is well positioned to grow with the market, strengthen its current product lines and explore future opportunities for the sustainable use of oil. In recent years, Nynas has opened sales offices and distribution terminals in fast-growing markets such as China, South Korea, India, Russia and several countries in Latin America.
Today, Nynas is a leading partner in areas such as transformer oils for the world's electrical networks. The company is also taking advantage of the rapidly increasing demand for environmentally sound oils for tyre production. In Western Europe, Nynas is one of the leading suppliers of bitumen for asphalt production.
News Category:
-
Beyond processbook & PI vision: Exploring today’s industrial analytics tools
(Webinar) - In the Manufacturing 4.0 era, industrial organizations have more data at their fingertips than ever, offering the promise of higher production rates, more ...
04-06-2024
-
Sasol provides state of the art catalysts to INERATEC for the production of sustainable e-fuels
The catalysts will be used, among others, in the first large-scale industrial Power-to-Liquid (PtL) plant that INERATEC is currently building in Frankfurt, Germany, which ...
24-04-2024
-
Baker Hughes to supply 17 centrifugal compressors to Saudi Master Gas System project
Baker Hughes, an energy technology company, announced Tuesday that it has received an order by Worley, for and on behalf of Aramco, to supply gas technology equipment ...
23-04-2024
-
SABIC Fujian Petrochemicals select Phenol yechnology from KBR
KBR announced today it has been awarded a contract by SABIC Fujian Petrochemicals to license KBR's market-leading phenol technology in China. Under the terms of the ...
22-04-2024
-
Lummus Expands R&D capabilities to enhance innovation and water and wastewater technologies
Lummus Technology, a global provider of process technologies and value-driven energy solutions, announced the opening of its cutting-edge research and development (R&D) ...
17-04-2024
-
Clariant launches new CATOFIN® 312 propane dehydrogenation catalyst
Clariant, a sustainability-focused specialty chemical company, today announced the launch of CATOFIN 312, its latest propane dehydrogenation catalyst. The new catalyst ...
16-04-2024
-
Yokogawa and GridBeyond conclude investment and strategic partnership agreements
Yokogawa Electric Corporation and energy IT solutions provider GridBeyond of Ireland announce that they have concluded a strategic partnership agreement. Furthermore, ...
16-04-2024
-
Heraeus Precious Metals launches Circlear
Heraeus Precious Metals, a globally leading company in the precious metals industry and one of the largest recyclers of precious metals, has introduced its new offering ...
16-04-2024
-
EMA and JERA to cooperate on LNG procurement and supply chains
The Energy Market Authority and JERA Co Inc, have signed a Memorandum of Understanding to cooperate on mutually beneficial areas in liquefied natural gas procurement ...
16-04-2024
-
Hexagon and Dragos unveil technical partnership to strengthen industrial cybersecurity
Hexagon’s Asset Lifecycle Intelligence division today announced a strategic partnership with Dragos, a global leader in cybersecurity for operational technology (OT). ...
16-04-2024