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ULSFO refinery in Duqm expected to proceed

10/29/2020

Canada Business Holdings (CBH) recently announced that the company will go ahead with its plans for an ultra-low sulfur fuel oil (ULSFO) refinery in Oman’s Duqm Special Economic Zone (SEZ).

CBH added that the plans for this 300,000 barrel per day refinery are going well and are staying on time, though no final investment decision date nor a potential startup date was announced. The GEI Data Warehouse has estimated costs for this project at $1.5 billion. This refinery’s previous significant step was in June, when CBH secured a license allowing refined product manufacturing in the Duqm SEZ.

The ULSFO refinery will use what it calls “bottom of the barrel” refining, where CBH states is two Canadian technologies consolidated to make high quality fuel oil with nearly zero sulfur content while putting out nearly zero nitrogen oxides. CBH added that this technology is green in its design and is completely unique in the refining industry.