Manufacture of refined petroleum products

isic code 192 covers the manufacture of refined petroleum products, a critical industry that plays a vital role in the global economy. This industry is responsible for transforming crude oil and other hydrocarbon feedstocks into a wide range of essential fuels, lubricants, and other petroleum-based products that power transportation, power generation, and a vast array of industrial and consumer applications. As a key supplier to numerous other industries, the manufacture of refined petroleum products is a cornerstone of modern economic activity.

The production of refined petroleum products typically involves a series of complex refining processes, including distillation, cracking, reforming, and blending. Crude oil is first separated into its various hydrocarbon components through distillation, and then further processed through techniques like catalytic cracking and hydrocracking to produce a diverse range of refined products. The final stage often involves blending these refined streams to create the specific fuel, lubricant, or other petroleum-based product required by the market.

The manufacture of refined petroleum products relies on a steady supply of crude oil and other hydrocarbon feedstocks, which are the primary raw materials for this industry. In addition, the industry requires significant capital investment in refining infrastructure, such as distillation towers, catalytic crackers, and blending facilities. Specialized equipment, chemicals, and catalysts are also essential inputs for the various refining processes.

The outputs of the refined petroleum products industry include a wide range of fuels, such as gasoline, diesel, jet fuel, and heating oil, as well as lubricants, waxes, and other specialty products. These outputs are then consumed by a diverse range of industries, including 351 Manufacture of motor vehicles, 351 Manufacture of other transport equipment, 351 Manufacture of machinery and equipment n.e.c., and 351 Electricity, gas, steam and air conditioning supply.