03 September 2013 21:40 [Source: ICIS news]
HOUSTON (ICIS)--Base oil producer Nynas has received approval from the European Commission to take over production and responsibility for base oils at Shell’s refinery in ?xml:namespace>
The new production location is slated to be a core site for Nynas and represents a 40% increase in the company’s supply capability of naphthenic base oils, according to Nynas.
The takeover of the first part of the refinery assets is targeted for 1 January 2014.
As part of a two-phase transition beginning next year, Nynas will begin to operate the base oil unit and associated refining facilities such as bitumen assets, tank farms and jetties on part of the overall location.
In phase two, a hydrogen production plant will be constructed by a third-party supplier. Nynas will make modifications to the facility as needed for further specialty oils production, culminating in the plant’s conversion to a new stand-alone specialty oils refinery, the company said.
With refineries in Europe and the
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