Viru Keemia Grupp
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December 2016

Estonian Oil Shale Industry Yearbook 2015

Estonian Oil Shale Industry Yearbook 2015

News

BaltCap acquired the second largest electricity distribution operator in Estonia

BaltCap Infrastructure Fund II (BInF II) acquired full ownership in VKG Elektrivõrgud. VKG Elektrivõrgud is the second largest electricity distribution network operator in Estonia after the state-owned Elektrilevi. BaltCap sees the acquisition as holding significant potential for horizontal growth both with electricity and grid-based services.

Preparations for the Uus-Kiviõli Mine have reached a new stage

Viru Keemia Grupp is preparing to open the Uus-Kiviõli Mine by the end of 2024, with an aboveground inclined shaft and two tunnels completed by now. In the second week of December, renovation work also started on the conveyor belt between the Ojamaa Mine and the Kohtla-Järve production territory, which will in the future be used in transporting the oil shale mined from the Uus- Kiviõli Mine to the oil shale plant.

Shale oil producer partners with Environmental intelligence platform

A new contract will connect the world’s largest shale oil producer with a real-time environmental technology platform, designed to help emissions forecasting and lessen environmental impacts. Environmental intelligence technology company Envirosuite Limited (Envirosuite) will be deploying its Industrial environmental intelligence platform Omnis under a three-year contract to Viru Keemia Grupp (VKG).
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