CBp Carbon Industries Inc.
OTC Bulletin Board : CBPJ

CBp Carbon Industries Inc.

March 05, 2009 09:46 ET

CORRECTION FROM SOURCE: CBp Carbon Industries Reports on Major CBp Carbon Green™ Sale Contract and Cyprus Phase III Commercial Plant Nears Completion

BRATISLAVA, SLOVAKIA--(Marketwire - March 5, 2009) - The following corrects and replaces the release issued at 9:00 am ET on March 5, 2009, for CBp Carbon Industries, Inc. In paragraph one, "Triputra Group SA" should read "Triputra Group". The complete, corrected release follows.

CBp EU Headquarters - CBp Carbon Industries, Inc. ("CBp" or "the Company") (OTCBB:CBPJ) is pleased to announce that, after assessment of CBp's Carbon Green™ (CBp's proprietary carbon black substitute), CBp has signed a 20 year sale agreement with Triputra Group of Indonesia, owned by Mr. Teddy P Rachmat. The agreement provides, as and when CBp can deliver, that for the first ten years Triputra will take all deliveries up to 200,000 tonnes of CBp Carbon Green™ per year at market discount and for the next ten years at 500,000 tonnes per year at market discount. CBp's deliveries are optional and it need not deliver unless it can do so profitably. Triputra is reputed to be the world's largest producer and supplier of raw rubber to the tire industry. Deliveries are expected to commence second/third quarter of this year from CBp's first generation commercial plant in Cyprus which is designed for 10,000 tonnes (approximately 1 million tires) of tire processing per year. Of this processed volume approximately 30% results in CBp Carbon Green™ with the remainder as steel, oil and volatile gases, all of which are marketable products. In accordance with the Company's researches regarding Western market pricing, present carbon black (N500 to N774) grade equivalent to the Company's Carbon Green™ is marketing at about $1.00US per pound or US$2200 per tonne.


CBp's first generation phase III commercial production facility, located in Limasol, Cyprus, is completing final equipment installation. The plant is slated to be fully completed and tuned during the next 60 days and commence commercial production for its designed capacity of 10,000 tonnes per year (approximately 1 million tires). All of the cost of the plant has been paid by Company capital such that the plant and Company are debt free.

CBp President John T Novak stated: "I am very pleased with the developing success of our Company and very proud that a world class company such as Triputra would show such confidence in our CBp Carbon Green. Our vision is coming to fruition and we believe that we are a leader of the new wave of environmental companies. As one follower of our company commented, 'CBp is the only environmental company they have identified which can make a profit, even in these difficult times, without any requirement for government subsidy'. We are very pleased with this recognition."

About CBp Carbon Industries Inc.

CB Carbon Industries Inc. is a global company that develops and commercializes our advanced technologies that enrich the environment, the countries and communities in which we operate, and our shareholders. Our primary focus is tire recycling with our patented technology which permits 100% recycling of tires and scrap rubber into commercially viable marketable components of steel, oil and CBp Carbon Green™, which is a tested substitute for replacement of carbon black in tire and rubber manufacturing.

Since 2006, European Union directives have banned scrap tires, shredded tires and tire residues from being landfilled and stockpiled. An EU scientific team, working with the European Union Cooperative Research Recycle Tire (CRAFT) project, selected CBp Carbon Industries technology as the "best available technology" for meeting CRAFT's recycling objectives.

FORWARD LOOKING STATEMENTS: This news release may include "forward-looking statements" regarding CBp Carbon Industries Inc. and its subsidiaries, business and project plans. Such forward looking statements are within the meaning of Section 27A of the Securities Act of 1933, as amended, and section 21E of the United States Securities and Exchange Act of 1934, as amended, and are intended to be covered by the safe harbor created by such sections. Where CBp Carbon Industries Inc. expresses or implies an expectation or belief as to future events or results, such expectation or belief is believed to have a reasonable basis. However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. CBp Carbon Industries Inc. does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Contact Information