In the second quarter of 2015 Swedish oil company Nynas’s net sales decreased to Skr4,907m (US$581m), negatively impacted by the drop in the price of oil compared to last year. Meanwhile, its Nynäshamn refinery was relaunched successfully and safely, with no accidents being reported. Production began again in May of this year.
“Development during the first six months of 2015 has confirmed Nynas’s recovery from last year,” commented Gert Wendroth, president and CEO of Nynas. “Despite the economic slowdown in China and the problems in South America’s largest country, Brazil, sales volumes developed positively in the business areas of naphthenics and bitumen.”
Bitumen volumes showed strong growth, compensating for most of the lost volume from the closure of Nynas’s Continental Europe bitumen business.
September 2, 2015