Neste Jacobs and Eesti Energia agreed on building a shale oil condensation unit in Estonia

Neste Jacobs
Press Release
29.4.2010 at 11.00 EET


Neste Jacobs and Eesti Energia 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 28th. April 2010.

Shale oil processing is an area where Eesti Energia can take advantage of Neste Jacobs engineering and project implementation experience. Shale oil condensation unit is a part of Enefit-280 project and it  purificates and fractionates the shale oil vapor gas mixture. The project is scheduled to end in 2012.

- 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.

- Enefit-280 project and this aggreement a part of it 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

Jarmo Suominen
Managing Director

More information: Jarmo Suominen, Managing Director, tel. +35810  458 3399

Neste Jacobs in brief

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. The company is 60%-owned by Neste Oil and 40%-owned by the Jacobs Engineering Group. Neste Jacobs recorded net sales of approx. €100 million in 2009 and employs some 700 people. Further information: www.nestejacobs.com

Eesti Energia in brief:

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. Eesti Energia has nearly 8000 employees and revenue is ca. 800 MEUR.