CRH Energy generates hydrocarbon fuels, so each unit of CRH Energy reduces an equivalent amount of hydrocarbon energy that would otherwise primarily have to come from from Oil, Gas or Coal. Hence, CRH results in what we refer to the “Reduction-at-Source” of Fossil Energy production.
Reduction-at-Source offers a broad range of advantages relating to the business of hydrocarbons production and protecting the environment. As a business, CRH is very complementary to the Fossil Energy business in that it allows hydrocarbon producers, particularly oil companies, to utilize CO2 as a raw material for CRH production and thus reduce their CO2 emissions. At the same time CRH permits oil companies to provide more liquid fuel products to their existing markets and customers, without needing to add greater amounts of crude oil reserves.
Concerning the environment, the Reduction-at-Source created by CRH reduces the overall footprint of the the hydrocarbon energy production industry. In the case of the comparison to Fossil Energy, the environmental footprint benefit for CRH derives from not requiring the kind “frontier” exploration for oil and gas that inherently carries greater risk, and avoiding complex processing of heavy crudes. In the case of Biofuels, the Reduction-at-Source offered by CRH avoids the diversion of agricultural land from food production to Biofuels production (especially in developing countries), thus helping maintain stable food supply and prices.
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