EMCC European Monitoring Centre on Change

VKG Oil

Company/Organisation:
VKG Oil

Geographic Location

Country: Estonia
Region: Kirde-Eesti; Eesti
Location of affected unit(s): Kohtla-Järve

Company

Sector: Manufacturing
Manufacture of coke, and refined petroleum products
19.2 - Manufacture of refined petroleum products
Number Employed: 560
Group: Viru Keemia Grupp

Employment Effects

Announcement Date: 17-12-2009
Type of Restructuring: Business expansion
Employment Effect Start: 01-01-2009
Foreseen End Date: 31-12-2009
Planned Job Creation: 100

Additional Information

VKG Oil, the thermal processor of oil shale, announced the launch of a new plant in Kohtla-Järve which will employ 100 people. The recruitment process started already in January 2009.

The new oil shale processing plant was launched in December 2009 and is planned to start operating at full capacity in 2010. Preparations for the new plant started in the company already in 2002, construction was initiatied in 2007. The plant was finalised in October 2009.

VKG Oil is the biggest oil shale chemical industry in Europe, the main field of activity of which is thermal processing of oil shale. Before the expansion, the company employed 560 persons. Fuel oils and coke are mainly marketed to foreign markets, bitumen to the local market. VKG Oil is the subsidiary of Viru Keemia Grupp which is the biggest oil shale processing company in Estonia.