- The global oil shale market is experiencing significant growth, propelled by technological advancements and increasing energy demands
- The market encompasses various products, including shale gasoline, shale diesel, kerosene, and heavy oil. Each product serves distinct applications, contributing to the market's diversification
- Advancements in extraction technologies, such as in-situ and ex-situ methods, have enhanced the efficiency and economic viability of oil shale extraction. These innovations have attracted significant investments from major energy companies
- Oil shale serves multiple purposes, including fuel production, electricity generation, and as a raw material in cement and chemical industries. Its versatility supports its growing demand across various sectors
- Forecasts suggest that the global oil shale market will continue its upward trajectory, with expectations to reach approximately USD 10.0 billion by 2035, driven by sustained technological progress and rising energy consumption
- For instance, Chevron Corporation has recently commenced production from its Anchor project in the Gulf of Mexico's deepwater sector, marking a significant milestone in offshore oil development
