Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Wed May 23, 2012, 02:14 GMT +3
Home More news list Shale Oil Extraction Plant Closer to Completion

Shale Oil Extraction Plant Closer to Completion

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

Last Updated on Wednesday, 27 October 2010 07:36
Estonian Investment and Trade Agency
Free investment tips
  • Estonian economic trends
  • Investment climate
  • Law changes
  • Business tips
Enter your email address:

Partners
Estonian Investment and Trade Agency
Feedback
Would you recommend Investinestonia.com to other potential investors?