Bitumen supply agreement with Vitol

Nynas completes long term bitumen supply agreement with Vitol

On 12 January, Nynas agreed its part in the transfer of the Antwerp bitumen refinery from Petroplus to Vitol. As part of the deal, Nynas has secured a new long term bitumen supply deal from the refinery for its Continental business. Vitol's new acquisition will be renamed as Antwerp Processing Company N.V. and Nynas will continue to supply crude to the bitumen refinery for the purposes of manufacturing for supply of bitumen to Nynas.

As part of the arrangement, Nynas will continue to work closely with Petroplus in Mainland Europe where we take responsibility to market their free bitumen production.

Russell Childs, Vice President of Nynas Bitumen said "We are delighted to have concluded this deal which secures the long term processing of Nynas crude at Antwerp and provides rights to the bitumen produced. We are pleased to join forces with the Vitol Group and will work hard together to identify further areas of cooperation of mutual benefit to improve our respective businesses. The continued cooperation with Petroplus is an important part of the deal with more potential to develop for both parties"