NAICS Code 324110-06 - Oil Refiners (Manufacturing)

Tools commonly used in the Oil Refiners (Manufacturing) industry for day-to-day tasks and operations.

• Distillation towers
• Catalytic crackers
• Hydrocrackers
• Desulfurization units
• Vacuum distillation units
• Alkylation units
• Isomerization units
• Fluid catalytic cracking units
• Coking units
• Fractionating columns
• Heat exchangers
• Pumps
• Compressors
• Valves
• Reactors
• Separators
• Boilers
• Furnaces
• Analyzers

Common products and services typical of NAICS Code 324110-06, illustrating the main business activities and contributions to the market.

• Gasoline production
• Diesel fuel production
• Lubricant production
• Asphalt production
• Petroleum jelly production
• Wax production
• Solvent production
• Chemical production from petroleum products
• Petrochemical production
• Petroleum coke production

A concise historical narrative of NAICS Code 324110-06 covering global milestones and recent developments within the United States.

• The Oil Refiners (Manufacturing) industry has a long and rich history dating back to the mid-19th century when the first oil refineries were established in the United States. The industry has undergone significant changes over the years, with notable advancements in refining technology, transportation, and distribution. In the early days, refineries were small and produced limited quantities of kerosene, which was the primary product at the time. However, with the discovery of new oil fields and the development of new refining techniques, the industry grew rapidly, and by the early 20th century, the United States had become the world's leading oil producer. In recent years, the industry has faced numerous challenges, including increased competition from foreign producers, stricter environmental regulations, and fluctuating oil prices. Despite these challenges, the industry has continued to innovate and adapt to changing market conditions, and it remains a vital part of the US economy. The Oil Refiners (Manufacturing) industry in the United States has a rich and complex history that spans over a century. In the early days, the industry was dominated by a few large companies that controlled the majority of the market. However, with the advent of new technologies and the discovery of new oil fields, the industry became more competitive, and new players entered the market. In the mid-20th century, the industry experienced a period of rapid growth, driven by increased demand for petroleum products and the expansion of the US highway system. However, the industry also faced numerous challenges during this period, including the oil embargo of the 1970s and the subsequent rise in oil prices. In recent years, the industry has faced new challenges, including increased competition from foreign producers, stricter environmental regulations, and the growing demand for alternative energy sources. Despite these challenges, the industry has continued to innovate and adapt, and it remains a vital part of the US economy.