Outotec collaborates with Global Oil Shale in the development of a concentration process for oil shale
(Thomson Reuters ONE) -
OUTOTEC OYJ PRESS RELEASE MAY 15, 2013 at 2:00 PM
Outotec collaborates with Global Oil Shale in the development of a concentration
process for oil shale
Outotec and Global Oil Shale Group have agreed on collaboration in the
development of a commercial scale concentration process for kerogen, a mixture
of organic material contained in surface mineable oil shale deposits. The
parties will initially focus on Global Oil Shale's existing oil shale resources,
such as a 2.18 billion barrels oil shale project in Julia Creek, Queensland,
Australia and other deposits under evaluation and acquisition in North Africa,
Middle East and elsewhere.
Global Oil Shale Group is a global energy company exclusively focused on oil
shale, large scale mining and processing of the world's kerogen rich oil shale
deposits to oil - with potential for add on electricity production and
associated minerals extraction.
Outotec is a leading minerals and metals technology company and an innovative
supplier of sustainable solutions for industrial water treatment as well as
renewable and alternative energy, including oil shale. Concentration of kerogen
contained in oil shale improves the oil shale feedstock used for production of
shale oil, synthetic gas and electricity through retorting or gasification
processes.
"We believe that kerogen concentration has the potential to unlock significant
value as well as improve the environmental performance of the oil shale
industry. Our collaboration with Global Oil Shale will complement our expertise
in the energy sector", says Kari Knuutila, Chief Technology Officer of Outotec.
For further information please contact:
OUTOTEC
Kari Knuutila, Chief Technology Officer
Tel. +358 20 529 2009, +358 40 779 9566
Eila Paatela, Director - Corporate Communications
Tel. +358 20 529 2004, mobile +358 400 817198
Emails: firstname.lastname(at)outotec.com
DISTRIBUTION:
Main media
www.outotec.com
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Source: Outotec Oyj via Thomson Reuters ONE
[HUG#1702086]
Unternehmensinformation / Kurzprofil:
Datum: 15.05.2013 - 13:00 Uhr
Sprache: Deutsch
News-ID 260376
Anzahl Zeichen: 2748
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