Nynas acquires Shell's Hamburg oil factory

ERJ staff report (DS)

Stockholm, Sweden - Nynas said it has entered into an agreement with Shell to take over full control and responsibility for the Harburg base oil manufacturing plant and some associated refining facilities of the Harburg refinery in Hamburg, Germany. The agreement is subject to European Commission regulatory clearances and other customary closing conditions.

The new production plant will be a core site for Nynas with an annual production of specialty oils by up to 330,000 tons. This represents a thirty percent increase in the company's production of specialty oils. With the strategic take-over of the Harburg production facilities Nynas will grow with approximately 220 staff members over the next three years.

“This agreement will bring increased volumes of all products in our current specialty oils portfolio as well as new interesting products such as medical white oils,” says Per Dahlstedt, Vice President Naphthenics at Nynas. Tyre oil deliveries to the tyre industry will be increasing over the next few years. Nynas' tyre oils are needed to provide environmentally sound solutions for tyre manufactures as they are moving away from aromatic extracts.

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Press release from Nynas