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A company official statement was released by the chairman and CEO of Canada Business Holdings confirming the company plans to go ahead with the ultra-low sulfur fuel oil refinery in the Sultanate of Oman.

Moses Solemon stressed that the refinery plans are on time and going well. “We are proud of the level of business cooperation that the Omani authorities are showing. We are overwhelmed by the keen interest and effort levels on their side.”

Canada Business Holdings Inc. secured license to produce refined oil products in the Special Economic Zone in Duqm in Oman.

The refinery capacity is 300,000 bpd.

The focus of the processing technology of the CBH Inc. refinery is the “bottom of the barrel” refining. CBH Inc was able to successfully integrate two Canadian technologies to produce high-quality fuel oil with near zero sulfur content and producing near zero nitrogen oxides. The green technology is one of a kind in the world of refining.

Mr. Solemon stated that “Although we are not a typical refining company by default, we have gathered the best world class team to make it happen. This refinery is a game changer in terms of business and in the end-product”.

CBH is a global leader in public-private partnership mega project development. The prime factors of CBH Inc. capabilities focused on successfully developing strategic projects by effectively and seamlessly bridging the void between macroeconomic future-forecasting and micro-economic implementation in certain business sectors.

In addition, CBH Inc. has been successfully able to avert high risk projects and in minimizing political, economic, and economic risks associated with global meltdown such as that of 2008. CBH deploys such expertise in the project development business to create sustainable and effective socio-economic condition in the country of operation.