Thursday, August 21, 2014

Susan Whitepaper 21st WPC
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Bloomberg: Eesti Energia Shale Oil Plant Delayed to Next Year, CEO Says

Eesti Energia AS, Estonia’s largest utility, will delay the start of the world’s biggest shale oil plant to next year due to technological problems, Chief Executive Officer Sandor Liive said.

The Enefit280 plant in Auvere, north-eastern Estonia, is about six months behind the initial plan of starting in September, Liive told Bloomberg in an interview today in the capital, Tallinn. The plant, due to process 280 tons of oil shale an hour, would exceed the capacity of peers in Brazil and China, the only other shale oil producers, and double Eesti Energia’s oil output to 10,000 barrels a day, Liive said.

“The launch is being delayed into next year,” Liive said. “We’ll have to wait for the 50,000 tons of oil we hoped to get from the new plant this year.”  MORE

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