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29-630: The Sullom Voe Terminal is an oil and gas terminal at Sullom Voe in the Shetland Islands of Scotland . It handles production from oilfields in the North Sea and East Shetland Basin and stores oil before it is transported by tanker. When Shetland was identified as a location to provide pipeline terminal and support facilities for offshore oil installations in the northern North Sea , corporations involved had expected to each build their own terminal facilities. However, wishing to minimize

58-575: A Carbon capture and storage project for waste incineration at Klemetsrud energigjenvinningsanlegg . In 2020 Fortum was the biggest company in Finland by its revenue. The majority of its income came from Uniper that became Fortum's subsidiary in March 2020. In 2021 Fortum sold its business in Estonia, Latvia and Lithuania to Partners Group . On 21 September 2022, Fortum announced that Uniper

87-621: A 5 MW solar power plant in the state of Rajasthan in India . In September Fortum signed an agreement with Rosatom and British Rolls-Royce Engines to develop nuclear power . In 2014 Fortum sold its Norwegian electricity distribution network and also its stakes in Fredrikstad Energi and Fredrikstad Energi Nett to the Hafslund Group . The heat business was sold to iCON Infrastructure Partners II, L.P. fund. Since 2015

116-801: A leading Nordic circular economy company specialised in material and waste recycling, final disposal solutions, soil remediation and environmental construction. In 2017, the 100 MW plant in Pavagada solar park was connected to the grid. It was the first of a series of planned gigawatt-scale plants facilitated by reverse auctions in India. In September, Fortum announced it would buy E.ON's 47% stake in German power company Uniper . Fortum increased its stake to 75% in spring 2020. Uniper mainly uses oil, natural gas and coal to supply electricity. In 2020 Fortum and Kværner informed that they would cooperate on

145-533: A separate stock-listed company Neste Oil . In 2007, Fortum acquired 25.66% stake in TGK-1 , operating in northwest Russia. In 2008, Fortum privatized the natural gas, power and heat generation company TGK-10 (now: OAO Fortum  [ fi ] ), operating in central and northern Russia. In 2011, Fortum sold its 25% stake in the Finnish transmission system operator Fingrid . In December 2013 Fortum announced

174-663: Is an eight-mile-long voe or inlet off Yell Sound in the Shetland Islands . It divides the Northmavine peninsula from the remainder of the Mainland (the two are connected by an isthmus at the head of the voe known as Mavis Grind ). It is well known as the location of the Sullom Voe Oil Terminal . During the Second World War , the voe was used as a base for flying boats . With the coming of

203-586: Is enriched with LPGs and exported to the Magnus platform for enhanced oil recovery. Due to its secluded position, the site has its own fire brigade. On 3 May 2018 it was reported that both the Brent and Ninian pipelines had to be shut down - halting production from the connecting fields in the East of Shetland basin. The pipelines were shut down due to a "minor fault" being found during a routine inspection. The minor fault

232-498: Is to be fully divested to the German state. Under the agreement, Uniper plans to issue 4.7 billion new ordinary registered shares, which the Federal Republic of Germany plans to subscribe at a nominal value of EUR 1.70 per share. The German state-owned KfW bank will provide Uniper with additional liquidity support as required until this EUR 8 billion capital increase is completed. Uniper was thus nationalised by Germany on

261-626: Is to build a small photo-voltaic solar portfolio to gain experience in different solar technologies and in operating in the Indian power market. Fortum also sells solar power kits in the Nordic countries. Fortum provides environmental management and material efficiency services in the Nordics. Services include recycling, reutilisation, and final disposal solutions, as well as soil remediation and environmental construction services. In 2014 Fortum had

290-649: The Dalälven , Indalsälven and Ljusnan rivers in central Sweden and on the Oulujoki , Kemijoki and Vuoksi rivers in Finland. In 2021 Fortum owned the nuclear power plant in Loviisa , Finland. Its nuclear assets also cover Sweden with a 43% share ownership in the Oskarshamn Nuclear Power Plant and 22% of three Forsmark Nuclear Power Plants . Furthermore, Fortum owns a 27% stake in

319-406: The Loviisa nuclear power plant . In 1997, a merger agreement was made between Neste and IVO. Fortum Corporation was founded in 1998. It was created from the merging of Imatran Voima and Neste Oy , the Finnish national oil company. In 2003, Fortum bought parts of Fredrikstad Energi and Fredrikstad Energi Nett in a swap deal with E.ON . In 2005 most of Neste's assets were divested into

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348-1082: The Teollisuuden Voima , which operates three nuclear power plants at Olkiluoto . Fortum produces and sells heat in Nordic countries , Russia and Poland , with 26 plants combining production of heat ( district heating ) and electric power . Fortum is the 5th largest heat producer globally. Fortum sells electricity, electricity products and services to 1.3 million customers in Sweden, Finland, Norway and Poland. In 2014, Fortum closed its 1,000 MW coal power plant at Ingå (Finland) and demolished it in 2020. The company also owns and operates about 1,200 km (750 mi) of district heat network in Finland, 2,400 km (1,500 mi) in Sweden, 860 km (530 mi) in Poland and 480 km (300 mi) in Russia. The company has stated that its ambition

377-547: The 21 September 2022 for 8 billion euros. At completion of the capital increase, the Germans plans to buy all of Fortum's approximately 293 million shares in Uniper for EUR 1.70 per share, i.e. for a total of EUR 0.5 billion. At that point, change of control clause in the financing agreement will be triggered and the buyer will provide the financing for the redemption of Fortum's EUR 4 billion shareholder loan granted to Uniper and

406-504: The Brent (TAQA Bratani) and Ninian (EnQuest) pipeline systems. Oil from the Schiehallion oilfield and Foinaven oilfield has been received by the purpose-built Loch Rannoch shuttle tanker since August 1998. In the late 1990s at the height of North Sea Oil, the terminal handled over a quarter of UK petroleum production and around 500 people worked there. Around half are EnQuest workers. A new 22 inches (560 mm) pipeline

435-580: The Imatra power plant began already in 1922 as well as the power lines from Imatra to Helsinki and the power plant was opened in May 1929. Finnish Government made a decision to establish Imatran Voima Osakeyhtiö (IVO) in May 1932. Imatran Voima acquired and built a number of other power plants, such as the largest hydroelectric power plants along the Oulujoki river, Ingå and Naantali coal-fired powerplants and

464-665: The biggest market share of ecolabelled electricity in Finland. Nowadays, they no longer offer ecolabelled electricity in Finland. After acquiring a majority stake in Uniper in 2020, Fortum will become one of the EU's worst emitters of greenhouse gas emissions , asserted a report backed by major European environmental groups in 2019. Extinction Rebellion Finland accused Fortum for greenwashing for continuing and scaling up its fossil fuel business, for example opening (through Uniper) Dateln4 coal-fired power plant in Germany in 2020 and suing

493-598: The day of the ceremony which was attributed to the IRA by Connor McCarthy. A boiler was damaged but no-one was injured. Despite the bombing the ceremony continued, concluding with the Queen dining aboard Rangatira that evening. Sullom Voe Terminal has been owned since its construction by the Ninian and Brent partners. On 1 December 2017 the plant transitioned from long term operator BP to EnQuest . The terminal receives oil through

522-669: The decision illegal and wrote off assets from the balance sheet, recording a loss of 1.7 billion euros. In July 2023 Russia announced it was changing the name of the Russian business to Forward Energo . In February 2024 Fortum launched arbitration proceedings against Russia, seeking compensation for its assets seized by Russian authorities. Hydropower is one of the most significant renewable electricity production form for Fortum. In 2021 Fortum owned or co-owned over 150 hydropower plants in Finland and Sweden , including power plants on

551-723: The electrical distribution network in Sweden is owned by Ellevio . In 2015 Fortum connected its first greenfield solar park, under the Jawaharlal Nehru National Solar Mission (JNNSM) Phase II initiative, in Madhya Pradesh . In 2015, Fortum completed the divestment of its electricity distribution network in Sweden, thus completing the divestment of electricity distribution business. In 2016, Fortum acquired Grupa DUON S.A, an electricity and gas sales company in Poland, and Ekokem Corporation,

580-474: The end of 1997 was 821,773,000 tonnes. The throughput over the period 1998 to 2021 (in 1,000 tonnes) was: The gas turbine power station provides electricity for around 43% of the Shetland Islands (since the early 1990s) and the other half comes from the (fuel oil-powered) Lerwick Power Station situated at Gremista . Shetland requires about 50 MWe in the winter. From May 2004 to May 2014 it

609-643: The negative impacts of the industry, the Shetland Islands Council , with power granted to it by the UK Parliament in the 1974 Zetland County Council Act, was able to contain all pipeline terminal facilities at the Sullom Voe site. Sullom Voe Terminal was built between 1975 and 1981. 6,000 people were employed during construction. They were housed in temporary accommodation, including the former car ferry Rangatira . The first oil

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638-486: The oil terminal was at the height of its production, 70 MWe would be used from five gas turbines by the plant, but less is needed now. It employs around twenty people. Sullom Voe is adjacent to the TotalEnergies operated gas facility Shetland Gas Plant , completed in 2014. 60°28′N 1°16.5′W  /  60.467°N 1.2750°W  / 60.467; -1.2750 Sullom Voe Sullom Voe

667-559: The oil terminal, the airfield was upgraded and modernised to create Scatsta Airport . 60°27′N 1°18′W  /  60.450°N 1.300°W  / 60.450; -1.300 Fortum As of 2023 Fortum was the third-largest power generator in the Nordics. The predecessor of Fortum was Imatran Voima (IVO), which was founded in 1932 to operate the Imatrankoski hydroelectric power plant in Imatra . The construction of

696-610: The release of the EUR 4 billion parent company guarantee. The parties have also agreed that Fortum will have a right of first offer in case Uniper intends to divest all or parts of its Swedish hydro and nuclear assets until the end of 2026. In April 2023, Fortum's Russian assets were transferred under external management by decree of the President of Russia , as a response to the confiscation of Russian property in Europe. Fortum considered

725-762: The sale of its distribution network in Finland to Suomi Power Networks (later named Caruna ), owned by First State Investments (40%), Borealis Infrastructure (40%), Keva (12,5%) and LähiTapiola (7,5%). In 2012, Fortum shared the number one position in the Carbon Disclosure Project's Nordic climate index. In 2013, Fortum opened two new CHP utilities using waste as a fuel in Klaipėda , Lithuania, and Brista  [ sv ] , Sweden as well as new biomass-fuelled CHP plants in Jelgava , Latvia, and Järvenpää , Finland. In June, Fortum acquired

754-820: Was laid from the Clair oilfield in 2003–2004, and first oil from the Clair field was received in February 2005. 7 billion barrels (abt 960 million tons) of oil through the SVT achieved in December 2001. By 2008, the terminal had handled almost 8 billion barrels (abt 1.1 billion metric tons) of oil. Gas is imported through the West of Shetland pipeline . Some of the gas is used as fuel in the ENGIE operated Sullom Voe power station. The remainder

783-414: Was operated by the Finnish company Fortum ; previous to that it was operated by BP. Since May 2014 it has been operated by Cofely Limited, a GDF SUEZ company. The 100 MWe plant has four 25 MW General Electric Frame 5 gas turbines and is part of a CHP system being built in the late 1970s. The actual power output from the plant is around 80 MWe as each turbine runs at about 18 MW. When

812-505: Was received at 18:40 on 25 November 1978 via the Brent pipeline . At 12:30 on 3 December 1978, the first oil from the Ninian pipeline was received. The Scatsta Airport to the south re-opened in 1978 to support the building of the terminal. The terminal was officially opened on Saturday 9 May 1981 by Queen Elizabeth II . A bomb was detonated at the power station on the terminal at 12.05pm on

841-485: Was reportedly a small oily-water leak in a pipeline. Late on 6 May, EnQuest announced repair work had been completed and both the Brent and Ninian pipelines were reopened. On 25 November 2018 the Sullom Voe Terminal reached a milestone 40th anniversary since first oil. The throughput of the terminal over the period 1981 to 1990 (in 1000 barrels per day) was: The total throughput of the terminal up to

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