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News
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GuardTime + Joyent = Trust and Integrity in the Cloud |
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Joyent, a leading global provider of cloud computing solutions, and GuardTime, creator of the patented Keyless Signature™ technology used to validate the world’s data, today announced a partnership that delivers unprecedented security enabling enterprises to safeguard some of their most valuable assets in the cloud: code, logs and data.
GuardTime's Keyless Signatures provide proof of signing authority, time of the signature, and integrity of all data located in the cloud. The signature never expires and its verification is based solely on mathematics, eliminating the need for secrets, keys, or human intervention.
As part of this partnership, Joyent customers will be able to purchase GuardTime SmartMachines, which will allow organizations to:
- Secure an application by signing its gold master code, preventing compromised applications from executing
- Safeguard the SmartMachine’s logs (e.g. administrative, policy, configuration, or events), making accidental changes or malicious tampering impossible to conceal
- Protect data backups, turning private and public cloud storage into safe, tamper-evident archives
Read more: http://www.guardtime.com/introducingenhancedtrustintegrityinthecloud
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Last Updated on Wednesday, 24 November 2010 09:23 |
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High-Level NATO Cyber Symposium Held in Tallinn |
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ERR - Nearly 100 experts from various NATO member states attended a defense symposium in Tallinn to discuss protection of military infrastructure from cyber attacks.The NATO Research & Technology Organisation's symposium, which took place November 22 and 23, was organised by the Estonian Ministry of Defense and Defense Forces.
“Without cyber defense instruments created by scientists and engineers, [all] talk of cyber defense would be empty words. I hope that the symposium helps to establish better conditions for managing cyber threats,” Defense Minister Aaviksoo said at the opening of the event.
Estonia is home to NATO's Cooperative Cyber Defense Centre of Excellence, established in 2008. |
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Last Updated on Wednesday, 24 November 2010 08:58 |
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University Lab Develops Radio Jammers for Military |
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ERR - The Department of Radio and Communications Engineering at the Tallinn University of Technology is developing jammers for the Estonian Defense Forces.
The devices, which have already seen use on foreign missions in Afghanistan, make it possible not only to interfere but also intercept and detect the enemy's radio transmissions.
They also have civilian uses, such as improving wireless reception in shopping centers, reported ETV.
In principle the device scours the airwaves looking for transmitters that were not previously broadcasting.
Made by a small company Rantelon, the "jammer" comes in a portable backpack and onboard-vehicle model.
Read more: http://news.err.ee/sci-tech/65da0de0-96e4-4a87-b2b2-c2e7ad475c57 |
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Last Updated on Tuesday, 23 November 2010 10:35 |
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Estonian Tax System Rated Business-Friendlier |
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ERR - According to research by PricewaterhouseCoopers and the World Bank published November 19, Estonia has risen from 38th to 30th overall in the rankings for the ease of paying taxes.
The comprehensive international study Paying Taxes 2011 allows the taxation system to be assessed from a number of aspects. On one hand, Estonia's system is simple, innovative and business-friendly, but on the other hand, the rate for businesses is higher than in many other countries.
Read more: http://news.err.ee/economy/e752da63-a098-4538-9b63-832506b9a052 |
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Last Updated on Friday, 19 November 2010 13:18 |
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Estonia is a Laboratory, Says Stanford Mathematician |
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ERR - "From the point of view of someone at Stanford, [Estonia] is very much a laboratory,“ said Keith Devlin, Stanford University's H-STAR Institute director, who hopes to expand cooperation with Estonian universities.The acclaimed mathematician is in Estonia until November 17, giving lectures on applying video game technology to teaching. He is meeting with representatives at Tallinn University of Technology, University of Tartu, the Information Technology College and members of the Development Fund, reported ETV.
"Estonia is a great place to collaborate with because it is the world's first country that just built itself around electronic technologies," said Devlin.
"A small country that's built around digital technology is a very interesting study. The reciprocation is we would hope that our location in Silicon Valley, our long tradition, will be a benefit to Estonia because we bring to the table a lot of background in developing innovative technologies on a very large scale.“ |
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Last Updated on Tuesday, 16 November 2010 08:27 |
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Finnish president gives Quality Innovation Prizes to Estonian companies |
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BNS - At an international Quality Day gala Thursday evening in which Finnish President Tarja Halonen took part the Estonian Tervisliku Piima Biotehnoloogiate Arenduskeskus OU (Healthy Milk Biotechnologies Development Center, TPBA) and Feanor OU won Quality Innovation prizes while AS Vahiuuringute Tehnoloogia Arenduskeskus (Cancer Studies Technology Development Cetner, VUTAK) deserved special recognition.
A press spokesman reported Estonian Economic Affairs and Communications Minister Juhan Parts as saying that the companies' achievement was praiseworthy in several senses.
"First it provides proof that cooperation between enterprises and science bears fruit. At the same time you are an example for others because you achieved recognition in an international competition and international status of Estonian enterprise must become a daily affair," he said. "You were noticed by international specialists of their fields, who have said by this prize that tomorrow the whole world can be you domestic market."
TPBA won the prize by a novel clinically tested TENSIA microbe stem that brings down blood pressure and Feanor by milling cutters that can achieve considerable economy of time and resources, the ministery said.
VUTAK deserved special recognition by its oncogenetic testing and advisory service aimed at early assession and/or diagnosis of cancer risk.
"If the president of the Republic of Finland hands over such high awards to two Estonian biotechnology development centers it is of very high importance, " VUTAK CEO Riin Ehin said and added that for recipients of the prizes this could mean a significant breakthrough to the Nordic countries' market. "It is clear that the program of technology development centers has been successful in Estonia."
Tonu Hein from HeiVal Consulting said that the biggest value of participation in the prize process was comparison of their ideas with neighbors and finding new contacts with the most innovational people in both the countries. Besides, it is possible to find additional markets to their products and services," he added,
From Estonia Ahti Kuningas, deputy secretary general of the ministery, attended the ceremony of handing over the prizes.
The quality innovation prizes are issued by Estonian and Finnish quality associations. In Finland the prize has been awarded since 2007. This year it was possible for Estonian organizations to apply for it on an equal basis with Finnish companies.
From Estonia the Estonian Quality Association in cooperation with HeiVal Consulting and Enterprise Estonia are taking part in awarding the quality innovation prizes. |
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Last Updated on Monday, 15 November 2010 09:56 |
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Tartu University Researcher Makes Unique Contribution to Battle Against Cancer |
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ERR - Darja Lavõgina, a fresh PhD at the University of Tartu, broke ground with a dissertation that brings new insight to developers of cancer-fighting medicine.The strategy is unique, providing a whole new direction to the development of protein kinase inhibitors, said Stefan Knapp, of the University of Oxford, reported ETV.
The 24-year-old Lavõgina researched a specific group of enzymes (proteins that catalyze chemical reactions) that can also lead to new revelations for diabetes and Alzheimer's disease.
"The results show that there is a group of chemicals that can be used to block certain protein kinases, by which we could cure numerous diseases," said Lavõgina.
Read more: http://news.err.ee/sci-tech/5b866c30-eea2-47a2-af4e-05f36919c757 |
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Last Updated on Friday, 12 November 2010 09:06 |
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Pentagon seeks possible suppliers from Estonia |
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BBN - US troops and NATO allies who are fighting in Afghanistan could soon be drinking Värska mineral water and Kadarbiku smooties, eat Estonian-grown cabbage and carrots and use cement made in Estonia. This, of course, provided that the war in Afghanistan continues for some time and Estonian producers are selected to act as suppliers by Defence Logistics Agency (DLA), Pentagon's main logistics organization, writes Äripäev.
DLA has already established contacts with the Estonian association of defence industries that has 71 members and received from the association a list of possible suppliers. Among others, DLA is seeking suppliers of considerable quantiites of vegetables, drinking water and construction supplies for forces fighting in Afghanistan.
Read more: http://bbn.ee/article/2010/11/11/Pentagon_seeks_possible_suppliers_from_Estonia |
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Last Updated on Friday, 12 November 2010 09:03 |
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Estonian economy grows 4.7 percent in third quarter |
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BNS – Estonia's gross domestic product grew by 4.7 percent in the third quarter of this year compared to the same period of 2009, the national statistics office reports.
The GDP of the third quarter was above all influenced by the growth of value added in manufacturing created due to a strong increase in exports, Statistics Estonia said. The sales of manufacturing production on the domestic market increased as well, indicating an improvement in domestic demand. Domestic sales of manufacturing production increased last in the first quarter of 2008.
According to preliminary calculations the gross value added produced by the industrial sector as a whole increased by 14 percent, and without taking the economic activity of construction into account, even by 23 percent. Besides manufacturing, the industrial sector includes also mining, electricity, gas and water supply, and construction activities. In construction, the output of which is mainly targeted at the domestic market, the generated value added showed a continued downward trend.
In addition to the manufacturing sector, growth of the value added created in the wholesale and retail trade and transport, storage and communications activities also had a bigger impact on the GDP growth. Growth of the value added in financial intermediation accelerated mainly due to a strong growth in the net interest income.
The value added of households, non-profit institutions and the general government sector decreased, preliminary figures show.
Quarter on quarter, the seasonally and working-day adjusted GDP increased by 0.5 percent in the third quarter, by 1.9 percent in the second quarter and by 1.1 percent in the first quarter. Thus, in the comparison of successive quarters, the GDP growth rate slowed down somewhat in the third quarter.
Estonia's GDP grew by 3.1 percent year-on-year in the second quarter.
Before showing year-on-year growth in the second quarter, the Estonian economy last expanded on annual comparison in the fourth quarter of 2007. |
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Last Updated on Friday, 12 November 2010 09:00 |
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PM: Estonia to attract more foreign investments when in eurozone |
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BBN - Estonia will attract more foreign direct investment after the country joins the euro region on Jan. 1, Prime Minister Andrus Ansip said at a press conference in Helsinki today.
The common currency will also benefit “ordinary citizens,” he said. Estonia is on schedule to join the euro at the beginning of next year, he said.
Read more: http://bbn.ee/article/2010/11/09/PM_Estonia_to_attract_more_foreign_investments_when_in_eurozone
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Last Updated on Wednesday, 10 November 2010 10:01 |
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Tech Start-Up Fund Invests into Stem Cell Research |
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ERR - The Estonian Development Fund has chosen to place a new venture capital investment into a stem cell technology development firm.
The investment into Cellin Technologies will be about 352,000 euros, a spokesperson for the Development Fund told uudised.err.ee.
The signing of the investment contract means that the Development Fund and a co-investor will acquire one-third of the company.
Cellin Technologies has developed a technology for accelerated growth of stem cells from human tissue or bone marrow. Since range of procedures in which stem cells can be used is currently limited, the company also sees potential in cosmetic medicine and regenerative medicine.
"What is impressive for us about them is that they have found a way to improve the state of the art," said the Development Fund's investments expert Indrek Kelder. "It usually takes a significant amount of time after isolating stem cells to produce a usable preparation, and if that amount of time can be shortened, it will create a clear competitive advantage."
Read more: http://news.err.ee/sci-tech/55b289d0-42f9-453a-a9ee-f424c8be644a |
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Last Updated on Friday, 05 November 2010 23:08 |
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Tallinn Tech University Introduces Unique Converter for Green Energy |
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ERR - Researchers at the Tallinn University of Technology have produced an electrical converter prototype for green energy that is unique in the world and has drawn attention from numerous EU countries.
Most green energy produces electricity. Depending on the source, output voltage can vary significantly, and this is why sustainable energy sources have the same problem. They need to be connected to a common electrical grid that standardizes voltages.
The university’s power engineering researchers Dmitri Vinnikov, Indrek Roasto and Tanel Jalakas have come to a solution, a one-of-a-kind microcircuit converter that is in the process of being patented. The technology it uses has been developed for about five years in about 10 universities around the world. Compared to analogous converters, the university claims to have a simpler, more durable (it’s short-circuit proof) and cheaper product than anything that has been produced so far.
Read more: http://news.err.ee/sci-tech/e28c28a1-5de4-4d16-9cd8-cb80abd524fb |
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Last Updated on Friday, 05 November 2010 23:08 |
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Estonia keeps 17th place on World Bank's ease of business scoreboard |
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BNS - Estonia retained its 17th place, unchanged from last year, in the Doing Business report of the World Bank that assesses the ease of doing business in different countries.Estonia scored well in acquisition of assets and international trade, whereas matters related to liquidation of companies and protection of investments were seen as its weaker sides.
Of the countries situated near Estonia, Denmark, Norway, Finland and Sweden were ranked higher. Lithuania and Latvia were in places 23 and 24, respectively, while Russia was ranked 123rd in the table ranking 183 countries.The top three countries of this year's scoreboard were Singapore, Hong Kong and New Zealand.
The Doing Business project seeks to provide objective measures of business regulations and their enforcement across 183 economies and selected cities at the sub-national and regional level.Launched in 2002, the project looks at domestic small and medium sized companies and measures the regulations applying to them through their life cycle. |
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Last Updated on Friday, 05 November 2010 22:56 |
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FinMin: Estonia's GDP probably grew 6% in Q3 on year |
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BBN - Estonia’s economy probably expanded about 6 percent in the third quarter from a year earlier on export demand, Estonian finance ministry said, reported Bloomberg.
The $19 billion economy, due to adopt the euro in January, enjoyed robust growth mainly due to accelerating industrial output and improving revenue in the transport and financial industries, Erki Lõhmuste, an adviser at the ministry’s economics department in Tallinn, said in an e-mailed response to Bloomberg questions today.
“Exports achieved pre-crisis levels in the third quarter,” Lohmuste said. “Private consumption could have had a slightly positive contribution despite accelerating price growth, largely thanks to car sales recovering from the spring. A decline in investment has probably stopped and inventories should have given a robust boost similar to the previous quarter.”
An export-led recovery will help Estonia’s economy expand 2.5 percent this year and 4.2 percent in 2011, after GDP shrank by almost a fifth in 2008 and 2009, second in the EU to neighboring Latvia, the central bank forecast in September. GDP returned to annual growth in the second quarter, expanding 3.1 percent.
Estonia’s industrial production increased at the fastest pace in at least a decade in September as demand for the country’s goods and services increases in key markets including Finland and Sweden.
The ministry’s estimate compares with a median forecast of 3.8 percent in a Bloomberg survey of six analysts. The statistics office is due to report its preliminary estimate for third-quarter GDP on Nov. 11. |
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Last Updated on Tuesday, 02 November 2010 21:41 |
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The Economist blog: Estonia rockets ahead |
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BBN - The following article by Edward Lucas was published in the Eastern Approaches, a blog of The Economist magazine last week.
In January, there will (I think) be just one country that is not just a member of a) euro zone and b) NATO but also meets those clubs' rules (spending 2% of GDP on defence, and meeting the common currency zone's budget deficit, debt and inflation criteria). It's Estonia (I have tried to check this but the Economist's brilliant research department does not work at weekends so I am not completely certain).
That's not exactly new though I may be the first person to have spotted it. But what is new is the astonishing recovery in the Estonian economy. I know that month-by-month industrial production figures can be misleading, but these figures are truly startling. Industrial production up 31.1% year on year (compared with a mere 21.7% in August). Exports of manufactured goods were up 54% (against an August figure of 41%). GDP growth this year. As this chart shows, much of the ground lost during the recession has already been caught up.
Read more: http://balticbusinessnews.com/article/2010/11/01/The_Economist_blog_Estonia_rockets_ahead |
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Last Updated on Tuesday, 02 November 2010 21:42 |
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Estonia's taxation system attracts fast-growing companies |
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BBN - "Estonia has the best laws, very good banks, cheap bookkeeping services and less bureaucracy than, for instance, in Germany or Lithuania. But the most important thing is that Estonia does not tax profits," says Nerijus Strumila, board member of Lithuanian-owned Euroalliance that is registered in Estonia.
The Lithuanian family-owned business that is registered in Estonia sells scrap metal and trades goods abroad, mostly operating in Germany, US, Lithuania and elsewhere in the EU. It is also a textbook example of foreign businessmen whose markets are outside Estonia, but who decide to incorporate the company in Estonia for tax reasons, writes Äripäev.
Euroalliance was founded in 2005 and is 100% owned by Antaninan Strumiliene, mother of Nerijus Strumila. The company made a profit of 70 million kroons at sales of 160 million kroons in 2008 putting its owner on 218th place in the Äripäev list of Estonia's richest businessmen.
Another company that is incorporated in Estonia, but operates in 23 countries abroad, mainly in Poland, is oil trading firm E100 Baltia. "Estonia has created a very good legal framework for companies and has a good business environment," says the company's owner, Belarus businessman Denis Bokhan, who is Estonia's 77th richest businessman.
Read more: http://balticbusinessnews.com/article/2010/11/01/Estonia_s_taxation_system_attracts_fast_growing_companies |
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Last Updated on Tuesday, 02 November 2010 21:34 |
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Regio Starts Testing StreetView Technology Locally |
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ERR - The Estonian geoinformation company Regio has started using Google's StreetView technology, consisting of directional cameras, GPS units and laser range scanners, to amass a database of information on the outlines of buildings and other objects. The company said it would not be gathering information on wireless Internet access points, which have proven controversial in some other countries due to allegations that Google inadvertently captured data payloads while panning for unsecured WiFi connections.
If the Regio project, which starts on October 28 and runs through the end of the year, proves successful, the material could be used in the future in Google StreetView. The program consists of a collection of panoramic photographs that create seamless 3D type images of city streets.
Read more: http://news.err.ee/sci-tech/3c3b2cfa-bcf0-4cea-b3a7-acd71ef458c4 |
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Swedish Business Awards in Estonia handed out |
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BBN - Fastest growing Swedish company in Estonia, corporate social responsibility and young entrepreneur of the year are the three categories that have been awarded during this year’s ceremony of the Swedish Business Awards, writes Estonian Free Press.
AQ Lasertool OÜ has won the award for the fastest growing Swedish company in Estonia. The company produces parts for commercial vehicles and for track-bound traffic and also is related with the manufacturing parts for special aluminum and steel products.
In the category of the young entrepreneur of the year, Anni Arro won the prize thanks to her Kohvik Komeet, located on Solaris Keskus rooftop.
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Last Updated on Thursday, 28 October 2010 07:22 |
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Estonia 26th, Lithuania 46th and Latvia 59th in the Corruption Perceptions Index |
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BBN - Estonia was ranked 26th with a score of 6.5 in the new Corruption Preceptions Index of Transparency International that covers 178 countries and measures the perceived levels of public sector corruption, writes aripaev.ee
Although this is one position up from last year's ranking when Estonia got 6.6 points, Estonia climbed up one position because one country was excluded from the list in this year's ranking for failing to collect sufficient information on corruption perception.
According to the ranking organization, 10 indicates totally corruption-free society while 0 shows that the country is fully corrupt. The top three were Denmark, New Zealand and Singapore who got 9.3 points each. Finland was fourth.
Lithuania was ranked 46th and scored 5 points.
Latvia was ranked 59th and scored 4.3 points, down 0.2 points in a year. In 2008 Latvia scored 5.
The Corruption Perceptions Index 2010 is based on the joint assessment by business-people and analysts of the level of corruption in a country, and each country is rated on a scale of one to ten, with a score of ten indicating absence of corruption, and zero indicating absolute corruption.
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Last Updated on Wednesday, 27 October 2010 07:40 |
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Shale Oil Extraction Plant Closer to Completion |
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ERR - Construction of Eesti Energia's next-generation shale oil extraction plant in Ida-Viru county has entered a new phase - the installation of metal framework and equipment, including its main component, a 170-ton retort.
The plant, which will be the first to use the company's Enefit-280 processing technology, will add another 2 million barrels of liquid fuels to the current 1.4 million barrels that Eesti Energia produces annually. The plant is also expected to produce 75 million cubic meters of pyrolysis gas each year, which will be used for electricity production, the company said in a press release on Tuesday. Its output will also include high-quality EU-compliant engine fuel, expected to reduce Estonia's dependence on imported gasoline and diesel.
"In a situation where the world's major states are just becoming aware of the potential of producing liquid fuels from shale, we're already a few steps ahead. We have a working unit, the best possible technology, and very soon, a new generation of oil plant," Sandor Liive, Eesti Energia's CEO, said in the release.
Read more: http://news.err.ee/economy/e8e0b8e6-e988-4d46-afdd-205a6290ce65 |
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Last Updated on Wednesday, 27 October 2010 07:36 |
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