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INDUSTRY NEWS European Biocidal Products Forum


The Cross-Industry Alliance on COVID-19 is making available a practical guide aiming at supporting industry and authorities to ensure sufficient supply of disinfectants to combat the COVID-19 pandemic.


At the initiative of A.I.S.E. (the International Association for Soaps, Detergents and Maintenance Products), EBPF (the European Biocidal Products Forum, a sector group of CEFIC) and FECC (the European Association of Chemical Distributors), a Cross-Industry Alliance on COVID-19 was created. The main objective of the alliance is to provide industry with faster access to the relevant information, helping


Nynas exits US sanctions


The US Treasury Department’s Office of Foreign Asset Control (OFAC) announced today that Nynas is no longer being blocked pursuant to the Venezuela Sanctions Regulations. As a result of a corporate restructuring of the ownership of Nynas AB sanctions are lifted, and US persons and companies no longer require an authorization from OFAC to engage in transactions or activities with Nynas AB. As a consequence, general license GL 13E is removed.


“This means an end to many years of having to carry the unfair burden for a Swedish company of being


them to ensure that the authorities, medical facilities and the public all have enough supply of valuable disinfectants in this time of need.


Under the umbrella of the alliance, a practical guide has been developed with the voluntary contribution of CEHTRA (Consultancy for Environmental & Human Toxicology and Risk Assessment), and the law firms Fieldfisher (Belgium) LLP and Steptoe & Johnson LLP.


LINK https://specialty-chemicals.eu/ebpf/


subject to US sanctions. This led to an increasingly deteriorating financial situation, which ultimately forced Nynas into reorganisation at the end of last year”, says Nynas President Bo Askvik. “Our focus now is to successfully end the ongoing reorganisation process and having exited sanctions Nynas will be able to return to normal trading conditions and secure long-term financing.”


As Nynas now is out of sanctions, financing is available to secure necessary crude oil purchases going forward.


LINK www.nynas.com


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LUBE MAGAZINE NO.157 JUNE 2020


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