Transcription of Chapter 5 The Petroleum Refining Industry
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Chapter 5 The Petroleum Refining Industry
Chapter 5 The Petroleum Refining IndustryPhoto credit American Petroleum Institute and Exxon Corp. -.. -..4~..- Contents..,PageIndustry Overview .. Industry ,.. 85 Product Mix .. l ..86 Economics of ..,..l ..88imports and Exports .. 89 Trends and .. 90 Energy and ..92 Production Processes .. 92..Kinds of Refineries .. 94 Energy Use ..; .. 95 Energy Conservation .. 97 Potential for Energy Saving .. 98 Technologies for lncreased Energy Efficiency .. 99 Proven Technologies for Energy Conservation .. 99 New Concepts in Refinery Energy Use .. 101 Investment Choices for the Refining Industry .. 104 Capital Expenditures in the oil lndustry .. 104 Other Investment opportunities l P.. 105impacts of Policy Options on the Petroleum Refining Industry .. 107 The Reference Case .. 107 Projected Effects of Policy Options .. 110 TABLEST able Definition of SIC 29-The Petroleum Refining and Related Industries .. 8522. Petroleum Refining Corporations Earning More Than $16 Billion in 1981.
Ch. 5— The Petroleum Refining Industry . 87 and each refinery has been built to process a cer-tain type of crude oil (or “slate” of crudes) to pro-duce the products required for a defined market.7 Markets for specific products change constant-
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