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with will increase the technology's competitiveness also when the prices of liquid fuels are lower. The experience gained with the launch of the Enefit280 oil plant is a good input we can use," told Kaarel Kuusk, chief of media relations at Eesti Energia.

Besides developing the Enefit technology, Enefit Outotec explores oil shale from other countries and sells its know-how.

"Recently we've been exploring oil shale from China, Mongolia and Burma, for instance, and conducting feasibility surveys," Kuusk said.

The tests of oil shale from other countries have been conducted on the lab equipment and at the pilot plant of EOT that use the Enefit technology.

"The main focus of the engineers at EOT today is on further developing Enefit technology and its sale, so that we could offer it to other oil shale nations in the future. The main costs being incurred now are development costs," he added.

Eesti Energia and Outotec hold stakes of respectively 60% and 40% in EOT. At present five people work for the company, some of them at the pilot plant in Frankfurt and some at the office of Eesti Energia in Tallinn.

EOT finished 2015 with an operating loss of 740,000 euros.