News 2009 › 2009-09-16
Outotec and Eesti Energia to develop new oil shale technology
Estonia’s largest utility and the world’s largest user of oil shale, Eesti Energia, recently contracted Outotec to engineer, supply, and construct key sections for a new oil shale processing plant to be built in Narva in eastern Estonia.
The two companies have also set up a joint venture to market new-generation shale oil production technology. This new technology has the potential to open up major new opportunities for exploiting the world’s oil shale resources – in the US, Brazil, China, Jordan, Russia, and Estonia – which exceed conventional oil reserves many times over, according to the two companies.
The new technology significantly improves the existing solid heat carrier process used for the extraction of oil from oil shale and other hydrocarbons. The new sustainable process, known as Enefit, utilises the latest fluidised bed technology and offers enhanced energy efficiency, while complying with the European Union's latest environmental regulations.
Construction of the plant will start this year and it is due to be commissioned in early 2012.