Oil shale industry is an industry of
mining and processing of
oil shale—a fine-grained
sedimentary rock, containing significant amounts of
kerogen (a solid mixture of organic
chemical compounds), from which liquid
hydrocarbons can be manufactured. The industry has developed in
Brazil, China,
Estonia and to some extent in Germany and Russia. Several other countries are currently conducting research on their
oil shale reserves and
production methods to improve efficiency and recovery. However,
Australia has halted their pilot projects due to environmental concerns. Estonia accounted for about 70% of the world's oil shale production in a study published in 2005.