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NAICS Code 324110-02 - Oils Fuel (Manufacturing)
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- Sales Volume
- Employee Count
- Website (where available)
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Looking for more companies? See NAICS 324110 - Petroleum Refineries - 1,510 companies, 11,724 emails.
NAICS Code 324110-02 Description (8-Digit)
Oils Fuel (Manufacturing) is a subdivision of the Petroleum Refineries (Manufacturing) industry that involves the production of various types of fuel oils, including diesel fuel, gasoline, kerosene, and jet fuel. This industry is responsible for refining crude oil into usable fuel products that are used to power vehicles, airplanes, and other forms of transportation. The refining process involves a series of complex chemical reactions that separate the different components of crude oil, such as hydrocarbons, sulfur, and nitrogen, to produce high-quality fuel products that meet industry standards.
Parent Code - Official US Census
Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 324110 page
Tools
Tools commonly used in the Oils Fuel (Manufacturing) industry for day-to-day tasks and operations.
- Distillation columns
- Catalytic crackers
- Hydrocrackers
- Desulfurization units
- Alkylation units
- Isomerization units
- Fractionation towers
- Heat exchangers
- Pumps
- Compressors
- Reactors
- Separators
- Filters
- Analyzers
- Control systems
- Boilers
- Turbines
- Generators
- Storage tanks
Industry Examples of Oils Fuel (Manufacturing)
Common products and services typical of NAICS Code 324110-02, illustrating the main business activities and contributions to the market.
- Diesel fuel production
- Gasoline production
- Kerosene production
- Jet fuel production
- Fuel oil production
- Asphalt production
- Lubricant production
- Petroleum coke production
- Naphtha production
- Solvent production
History
A concise historical narrative of NAICS Code 324110-02 covering global milestones and recent developments within the United States.
- The Oils Fuel (Manufacturing) industry has a long and rich history dating back to the 19th century. The first oil refinery was built in 1856 in Romania, and by the early 20th century, the industry had expanded to the United States, where it became a major player in the global market. In the 1920s, the industry experienced a boom due to the increasing demand for gasoline and other petroleum products. During World War II, the industry played a crucial role in the war effort by providing fuel for military vehicles and aircraft. In recent history, the industry has faced challenges due to the increasing demand for alternative energy sources and environmental concerns. However, it has adapted by investing in research and development to produce cleaner and more efficient fuels. In the United States, the Oils Fuel (Manufacturing) industry has a more recent history. In the 1970s, the industry faced a crisis due to the oil embargo imposed by OPEC, which led to a shortage of petroleum products and a rise in prices. In response, the industry invested in new technologies to increase efficiency and reduce dependence on foreign oil. In the 1990s, the industry faced another crisis due to the Exxon Valdez oil spill, which led to increased scrutiny and regulation. In recent years, the industry has faced challenges due to the increasing demand for renewable energy sources and the rise of electric vehicles. However, it has continued to innovate and adapt to changing market conditions.