Oil Shale Market - Industry Analysis, Share, Size, Trend, Forecast 2022

Oil Shale Market
achieve breakthrough by developing a commercial demonstration plant during the forecast period through its
hybrid EcoShale In-Capsule technology.
The application segments provides the revenues after the sale of electricity produced from the oil shale and the
non-upgraded and upgraded products obtained after retorting. Estonia is one of the major producers of
electricity from oil shale. The Eesti and Balti oil shale fired power plants generate a major portion of the total
electricity produced by the country. Apart from Estonia, oil shale power plants are also scheduled to commence
operations in Jordan and China.
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Currently, most of the shale oil produced is directly sold without refining for the heating and bunkering
applications. However, with the rising demand for transportation fuel and advancements in retorting
technologies we can expect a significant growth in the upgraded segment as well.
Key participants in the global shale oil market include Viru Keemia Grupp AS, Petróleo Brasileiro S.A., Exxon
Mobil Corporation, Global Oil Shale Group Limited, Queensland Energy Resources Ltd, Questerre Energy
Corporation, Jordan Oil Shale Company B.V., Fushun Mining Group Co., Ltd, Chevron Corporation, BNK
Petroleum Inc., Eesti Energia AS, and Red Leaf Resources, Inc. The company profiles cover major market
players in the oil shale market. The report provides an overview of these companies, followed by their financial
revenues (on availability), business strategies, and recent developments.
The research study analyzes and estimates the market size in terms of market revenue (USD Million) and
market volume (Million Barrels). The research covers a comprehensive analysis of key players operating in the
oil shale market.
The global oil shale market is segmented as follows:
Global Oil Shale Market: Process Analysis
In-Situ
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