Nynas targets sustainability in new strategy

Stockholm – Nynas AB has unveiled a new strategy focusing on increasing value through "innovation and sustainability", the Swedish oil refiner announced 15 May.

By expanding the product range with more sustainable, high-margin speciality materials, Nynas said it aimed to reinforce its position in the European market.

The company release did not provide more information on the strategy but said it positioned Nynas to contribute to the European energy transition.

The company’s strategy, said CEO Eric Gosse, reflects its purpose to advance a more sustainable society, with a “product development pipeline [that] is fully aligned with this goal.”

Looking ahead to 2025, Nynas, which emerged from a bankruptcy-related reorganisation in 2020, said it had delivered strong operational and financial performance for two consecutive years.

The company said will continue to monitor the debt capital markets, with a view to optimising its capital structure at the appropriate time.

On tariff impacts, the company said it has not been directly impacted by the recent US tariffs as a “European focused company.”

Nynas ceased its operations in the US in 2022 and imports only a minimal share of its feedstock from the country.