Neste Jacobs and Eesti Energia Agreed On Building A Shale Oil Condensation Unit In Estonia
Neste Jacobs and Eesti Energia have agreed on building a shale oil condensation unit in Estonia
Neste Jacobs was selected to act as engineering partner for a new shale oil condensation unit in Estonia. Neste Jacobs and Eesti Energia Õlitööstus made an engineering and construction management contract on April 28th, 2010.
Shale oil processing is an area where Eesti Energia can take advantage of Neste Jacobs engineering and project implementation experience. The shale oil condensation unit is a part of Enefit-280 project that purifies and fractions the shale oil vapor gas mixture making it cleaner and more efficient.
"This contract is very important and notable step for Neste Jacobs and supports our strategic goals to extend our market area and creates confidential and long term partnerships for us," says Neste Jacobs CEO Jarmo Suominen.
"[This agreement] is the first major investment for Eesti Energia which advances cleaner and efficient shale oil technology available today," says CMO Lauri Hink from Eesti Energia Õlitööstus AS.
Neste Jacobs is the Nordic region's leading provider of engineering services for the oil, chemicals, and biotechnology industries; and serves a wide range of oil & gas and chemicals companies. Neste Jacobs has close to 50 years of experience in engineering new plants and other major projects in Europe, North America, and the Middle East.
Eesti Energia is an international energy company offering energy solutions ranging from electricity, heat and fuel production to sales, customer service and consulting. The company operates in all three Baltic states, in Finland and in Jordan, using the company name Eesti Energia in Estonia and, since May 2009, the brand name Enefit for international operations
The project is scheduled to end in 2012.