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Tue May 22, 2012, 12:50 GMT +3
Home More news list Elme Messer Gaas to build gas plant near Estonia's Narva

Elme Messer Gaas to build gas plant near Estonia's Narva

BNS – Elme Messer Gaas will build a gas plant in Auvere near the city of Narva in northeastern Estonia to start producing oxygen, nitrogen and argon for industrial purposes in 2012.

Elme Messer Gaas and the national power company Eesti Energia said the plant will be built as part of an agreement according to which Elme Messer Gaas will start supplying the oil industry operation of the power company, Eesti Energia Olitoostus, with nitrogen necessary for the production of shale oil.

In addition, the gas company will start producing liquefied oxygen, nitrogen and argon for trading. The plant will allow it to produce up to 80 million cubic meters of industrial gases annually.

"The agreement with Elme Messer Gaas will ensure us a long-term supply of nitrogen we need for production which the Enefit-280 technology requires in bigger quantities than other technologies used for the production of shale oil," Eesti Energia Olitoostus CEO Igor Kond explained. "It was important to us to find a partner who would be prepared to invest in the project and offer us the service at optimum cost."

Elme Messer Gaas chief Raimond Morgenson said collaboration with Eesti Energia Olitoostus is important to the company not only because of building a unique production complex but also because of the opportunity to implement a project that will enable it to achieve product supply independence. "The plant will allow us to cover the need of industrial gases in the Baltic states and enter new markets including northwestern Russia," he said.

Morgenson said Elme Messer Gaas will invest around 30 million euros in northeastern Estonia in the coming years and create many permanent jobs.

Last Updated on Friday, 14 January 2011 08:58
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