Error creating new outlook email from the server

I have a function that can create a new email in outlook and it works fine when running on my local machine. However, when deployed to the server i get the error shown below.

This is what it looks like when I run the code on my local machine: Link. Is it possible to make this code run on the server and generate emails for users?

Error:

System.Runtime.InteropServices.COMException (0x80080005): Retrieving the COM class factory for component with CLSID {0006F03A-0000-0000-C000-000000000046} failed due to the following error: 80080005 Server execution failed (Exception from HRESULT: 0x80080005 (CO_E_SERVER_EXEC_FAILURE)). at System.Runtime.Remoting.RemotingServices.AllocateUninitializedObject(RuntimeType objectType) at System.Runtime.Remoting.Activation.ActivationServices.CreateInstance(RuntimeType serverType) at System.Runtime.Remoting.Activation.ActivationServices.IsCurrentContextOK(RuntimeType serverType, Object[] props, Boolean bNewObj) at System.RuntimeTypeHandle.CreateInstance(RuntimeType type, Boolean publicOnly, Boolean noCheck, Boolean& canBeCached, RuntimeMethodHandleInternal& ctor, Boolean& bNeedSecurityCheck) at System.RuntimeType.CreateInstanceSlow(Boolean publicOnly, Boolean skipCheckThis, Boolean fillCache, StackCrawlMark& stackMark) at System.RuntimeType.CreateInstanceDefaultCtor(Boolean publicOnly, Boolean skipCheckThis, Boolean fillCache, StackCrawlMark& stackMark) at System.Activator.CreateInstance(Type type, Boolean nonPublic) at System.Activator.CreateInstance(Type type) at MyProjectName.btnEmailEstimate_Click(Object sender, EventArgs e) in D:\My\Project\location\MyProjectName.ascx.cs:line 9833

Here is my code:

    protected void btnEmailEstimate_Click(object sender, EventArgs e)
    {
        try
        {
            List<string> lstAllRecipients = new List<string>();
            //Below is hardcoded - can be replaced with db data
            lstAllRecipients.Add("test1@testmail.com");
            lstAllRecipients.Add("test2@testmail.com");

            Outlook.Application outlookApp = new Outlook.Application();
            Outlook._MailItem oMailItem = (Outlook._MailItem)outlookApp.CreateItem(Outlook.OlItemType.olMailItem);
            Outlook.Inspector oInspector = oMailItem.GetInspector;

            // Recipient
            Outlook.Recipients oRecips = (Outlook.Recipients)oMailItem.Recipients;
            foreach (String recipient in lstAllRecipients)
            {
                Outlook.Recipient oRecip = (Outlook.Recipient)oRecips.Add(recipient);
                oRecip.Resolve();
            }

            //Add CC
            Outlook.Recipient oCCRecip = oRecips.Add("testCC@testmail.com");
            oCCRecip.Type = (int)Outlook.OlMailRecipientType.olCC;
            oCCRecip.Resolve();

            //Add Subject
            oMailItem.Subject = "Test Mail";

            // body, bcc etc...
            oMailItem.Body = "Email body content here \nThis is a new line.";

            //Display the mailbox
            oMailItem.Display(true);
            var time = DateTime.Now;
            tbLast_email_update.Text = time.ToString();
        }
        catch (Exception objEx)
        {
            Response.Write(objEx.ToString());
        }
    }