Oman Duqm plans to invest in a green refinery project worth US$4.2 billion
According to a report, an oil refinery using environmentally friendly technologies is being built in the Duqm area of Oman at a cost of US$4.2 billion.
According to the report, the plant will be built in the port town of Duqm through a public-private partnership between the Oman government and the Canadian business holding company, in cooperation with the Duqm Special Economic Zone Authority (SEZAD), and will use technologies that are less harmful to the environment than traditional methods. Refining oil.
Moses Sumoron, chairman and chief executive officer of Canadian Commercial Holdings, was quoted as saying that once the plant starts operations, it is expected to produce about 300,000 barrels of oil per day. The project is expected to produce the first batch of products by the end of 2023.
The plant will use technologies that reduce sulfur emissions during oil production. According to the report, sulfur dioxide and other oxides can cause acid rain, which can damage fragile natural ecosystems and damage trees by hindering their growth and damaging their leaves.
Solemon said: "The chemical process designed for our green oil refinery tries to solve such problems and fill the gaps in the traditional extraction process, so that we can protect the earth even when processing natural resources."
The company’s CEO expressed gratitude to the Omani government for allowing CBH to build this plant, adding that the green extraction process here will minimize the environmental impact of such refineries on the country’s air, soil and water quality.
The company also plans to build a urea and ammonia plant in Oman to use excess carbon dioxide to produce fertilizers that can be used in the country’s agricultural sector or exported to other countries, thereby reducing Oman’s need to import fertilizers from abroad.