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Business | Media Release

Media Release: CBH Green Refinery Strategy Proven by BP and ARAMCO

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On the First of July 2020, CBH announced its plans to establish a Green petroleum refinery in the Sultanate of Oman. The refinery design focuses on Transportation Fuels (IMO 2020 compliant fuels for the maritime shipping industry). Media Release (03/02/2021) - The end products are Ultra-Low Sulphur content and with almost ZERO acid gas emission. The production capacity of the refinery is 300,000 barrels per day. The capital investment is around US$4.2 billion.

CBH is honoured by the successful partnership with the Sultanate of Oman. We are determined to make this refinery project a role model for others to follow. CBH is proud to contribute to the socio-economic development in Duqm and to become part of the local community.

CBH business strategy is now confirmed to be right and sound by the big players in the oil and gas business.

Today, CBH Inc is delighted to see, that following such announcement seven months ago, we have created a trend in using "Green Fuels" in the Middle East. BP in the "Virgin Islands" and ARAMCO in Ras Tanura now follow the trend. We are proud that CBH is a leader in creating competition towards a healthy environment practice in the refining industry that has been led by industry giants for several decades.

The CBH refinery project in Oman applies sophisticated and integrated technology patented in Canada. The cost per unit for our production is very competitive based on the premium product quality. Our refining technology is the finest, and our product is the best and lower cost.

CBH embraces the UN "Sustainable Development Goals" (SDG) and is committed to supporting Canadian Government policies in this regard. CBH admires the recent resolution of the US administration under President Joe Biden, to rejoin Paris accord. Such is a bold step in the right direction towards maintaining a healthier planet.

I wish to thank all people who work with CBH and welcome all those wishing to join efforts to defend fair business and inclusive capitalism.

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