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International Internet Magazine. Baltic States news & analytics Wednesday, 23.04.2014, 12:49

Eesti Energia invests 182 mln euros in new oil plant

Juhan Tere, BC, Tallinn, 27.07.2012.Print version
Eesti Energia launched on Thursday in Auvere, near Narva, tests of its first Enefit280 oil shale oil plant; if all goes according to plan, the first oil from the new plant will come in September, LETA/Äripäev.ee reports.

The company launched construction of the first new generation technology Enefit280 oil plant in spring of 2010. 182 million euros has been invested in the new plant so far.

 

One Enefit280 oil plant adds to Eesti Energia's production capacity nearly 2 million barrels of shale oil a year as well as 75 million cubic metres of shale gas. The plant will employ 80 people.

 

Eesti Energia wants to build a complex of producing liquid fuel from oil shale by 2016 and intends to build two more Enefit280 factories and a refinery by then. The complex's production volume would enable to cover all of Estonia's needs for liquid fuel.






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