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BNS - A new 1.1 billion kroon (EUR 70 mln) oil shale processing facility of the Estonian industrial group Viru Keemia Grupp (Viru Chemistry Group, VKG) will be completed this August.
The capacity of the facility is nearly 3,000 tons of oil shale a day and it will bring the total oil shale processing capacity of the company by up to 40 percent.
Nearly 100 new jobs will be created in Kohtla-Jarve in connection with the launching of the factory, the company said.
Nikolai Petrovich, board member of VKG Oil AS, said that the solid heat carrier technology is widespread in the Estonian oil shale industry. "But thanks to our engineers we have managed to improve several minuses charateristic of that technology," he added.
Construction of the facility started in February 2007. By the end of this year the company is planning to process up to 300,000 tons of oil shale at the new facility. VKG will start launching of the facility within a couple of months.
Atomenergoproyect, a St Petersburg industrial design bureau, is responsible for drafting of the facility, with the concrete work carried out by OU Ferdmaster.
VKG's main sphere of activity is thermal processing of oil shale to produce shale oil, chemicals and gas. The company employs about 400 people.
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