Residues; of petroleum oils or of oils obtained from bituminous minerals

HS code 271390 covers the residues of petroleum oils or oils obtained from bituminous minerals. These residues are a crucial by-product of the oil refining and processing industry, which is a vital component of the global energy and manufacturing sectors. The proper management and utilization of these residues are essential for the efficient and sustainable operation of the industry, as well as for minimizing environmental impact.

The production of residues covered under HS code 271390 is primarily a result of the refining and processing of crude oil and other bituminous minerals. The key steps involved include distillation, cracking, and other separation techniques that extract the desired petroleum products, leaving behind the residual materials. These residues can then be further processed, blended, or utilized for various applications, depending on their specific properties and composition.

The main inputs required for the production of residues under HS code 271390 are crude oil, bituminous minerals, and the various processing equipment and facilities used in the oil refining and petrochemical industries. This includes distillation columns, cracking units, storage tanks, and other specialized equipment necessary for the efficient extraction and handling of these residual materials.

The primary outputs of the industry covered by HS code 271390 are the residual materials left over from the refining and processing of petroleum oils and bituminous minerals. These residues can be used as fuel for power generation, as feedstock for the production of 271111 Petroleum gases, liquefied, or as a raw material for the manufacture of 271320 Petroleum bitumen and other bituminous-based products. The specific applications and uses of these residues can vary depending on their composition and properties.