Refining in simple terms is an industrial process of converting and processing crude oil and its constituent compounds and chemicals into industrial petroleum products such as diesel, fuel, kerosene, gasoline, olefins, or alkenes, paraffin wax, and more.
The role of refining requires substantial amounts of energy that is technically processed to transform streams of crude oil and its extra additives like waste fats and oils into end products and chemicals to simply derive the ultimate form of energy or oil for any type of power generation.
Refineries, often cited as a place of petroleum refining, are overwhelmingly concentrated in areas and regions where the presence of shipping tankers has been in abundant supply just so that they could supply crude oil and load petroleum products for distribution and export to the appropriate industry sources.
Refineries are often connected to each other and commonly to other sites of production through effective industrial pipelines in order to save on energy costs and logistics for transporting non-value-added and low-cost crude oil across the globe. Companies involved in the refining sector process the raw form of oil or the crude oil to produce fuel and other forms of energy products for further use in the energy industry.
ResearchMoz is your active partner in providing you with comprehensive analysis and first hand detailed information of the global energy market and the various activities taking place in the refining industry. It helps you take a look at the energy-refining market drivers and its key components such as insights and forecasts of refined petroleum products, refinery capacities, the refining production and consumption, and the refinery complexity factor and comparison for the future development, growth, and its expansion in the energy industry.