3About the company

Viru Keemia Grupp is a private Estonian large-scale industrial enterprise. We focus on oil shale mining, shale oil, combined heat and power production and production and marketing of fine chemical products. Our central values are openness, dedication to our work, and continuous development. We believe that every step and every action we take must create value for everyone – our employees, partners, clients, and the local community alike.

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Viru Keemia Grupp, a private capital based enterprise located in Kohtla-Järve, is the largest shale oil producer in Estonia, proudly continuing the Estonian tradition of adding value to oil shale that dates back to 1924. The enterprise is based on private capital since 1997 as a result of the privatisation of AS Kiviter.

Main points of our vision

Globally competitive

The creation of our future values is based on the principle of continually maintaining the role of a leader of sustainable oil shale industry in Estonia in the changing market situation, and to be an innovative world leader in opening the potential of oil shale. We can do this thanks to improved efficiency. Safe and coordinated activities help us solve the problems our industry faces and act as a steppingstone in taking advantage of opportunities.

Innovating the shale oil industry

Constant development is essential to achieving success. In order to make our activities simpler and more standardised, we promote innovation through radical changes and cooperation. By developing our technologies for creating permanent values, we work in a better, smarter and more efficient manner.

Our objective, and an important consistent principle is to add value to and lengthen the value chain of the oil shale industry to the maximum extent possible. Today, VKG’s value chain is the longest in Estonia and one of the longest in the world.

Our strategic objectives:

  1. Ensuring the availability of raw material,
  2. Extracting the maximum amount of energy from oil shale,
  3. Adding maximum value to end products,
  4. Promoting an organisation culture aimed at efficiency,
  5. Competitiveness of shale oil products.

The Group’s strategic objectives in connection with climate changes:

  1. In 2021–2024, we shall start establishing large-scale renewable energy production capacities.
  2. The creation of possibilities for reducing carbon dioxide emissions by up to 40% by 2030.

The company has
7 subsidiaries

Production

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VKG Kaevandused

The excavation of the main raw material, i.e. oil shale

Turnover
71,6 mln €

Employees
524

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VKG Oil

The production of shale oil and fine chemistry products

Turnover
265,2 mln €

Employees
677

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VKG Energia

The production of heat and electric energy

Turnover
84,9 mln €

Employees
109

Services

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VKG Soojus

The distribution and sale of heat

Turnover
14 mln €

Employees
17

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VKG Elektrivõrgud

The sale and distribution of electric energy

Turnover
13,7 mln €

Employees
43

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VKG Logistika

Logistic services related to automobile and railway transport

Turnover
15 mln €

Employees
124

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Viru RMT

Repair and assembly services

Turnover
12 mln €

Employees
172

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Viru Keemia Grupp

Auxiliary services provided to the subsidiaries of the Group

Turnover
9,9 mln €

Employees
94

Our main products and services

  • Ship fuels
  • Heating oil for local heating boiler plants
  • Electrode coke for electrode manufacturers
  • Oil shale fine chemical products for perfumery, cosmetics and textile industries
  • Oil shale gas for production of heat and power
  • Vehicle and railway transport services
  • Steam and air conditioning for large-scale industrial companies
  • Production, transfer and sale of heat and energy to households and companies
  • Repair, assembly and rental services of machinery and equipment
  • Consulting services in the field of oil shale processing technology

Geographical sales distribution of
our products and services

Belgium
Estonia
China
Holland
India
England

Italy
Japan
Lithuania
Latvia
Norway
Poland

Germany
Slovenia
Finland
Serbia
Switzerland
Thailand

Ukraine
USA
Belarus
Russia
Vietnam

Priorities for 2020

  • To ensure the marketability of shale oils,
  • To adapt to increasingly stricter environmental requirements,
  • To ensure the availability of oil shale resources,
  • To engage in targeted development activities,
  • To continue to reduce production cost,
  • To optimise the capital structure,
  • To cooperate with state and local governments