NAICS Code 324110-06 - Oil Refiners (Manufacturing)
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NAICS Code 324110-06 Description (8-Digit)
Hierarchy Navigation for NAICS Code 324110-06
Parent Code (less specific)
Tools
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
Industry Examples of Oil Refiners (Manufacturing)
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
Certifications, Compliance and Licenses for NAICS Code 324110-06 - Oil Refiners (Manufacturing)
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- Occupational Safety and Health Administration (OSHA) Certification: This certification is required for all employees working in the oil refining industry to ensure that they are aware of the safety hazards and precautions that need to be taken while working in the industry. The certification is provided by the Occupational Safety and Health Administration (OSHA).
- Environmental Protection Agency (EPA) Certification: This certification is required for all oil refineries to ensure that they are complying with the environmental regulations set by the Environmental Protection Agency (EPA). The certification is provided by the Environmental Protection Agency (EPA).
- National Fire Protection Association (NFPA) Certification: This certification is required for all employees working in the oil refining industry to ensure that they are aware of the fire hazards and precautions that need to be taken while working in the industry. The certification is provided by the National Fire Protection Association (NFPA).
- American Petroleum Institute (API) Certification: This certification is required for all oil refineries to ensure that they are complying with the industry standards set by the American Petroleum Institute (API). The certification is provided by the American Petroleum Institute (API).
- Hazard Analysis and Critical Control Points (HACCP) Certification: This certification is required for all oil refineries to ensure that they are complying with the food safety regulations set by the Food and Drug Administration (FDA). The certification is provided by the International HACCP Alliance.
History
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.
Future Outlook for Oil Refiners (Manufacturing)
The anticipated future trajectory of the NAICS 324110-06 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.
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Growth Prediction: Stable
The future outlook for the Oil Refiners (Manufacturing) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for petroleum products. The industry is also expected to benefit from the growing demand for cleaner fuels and the increasing focus on renewable energy sources. However, the industry is also facing challenges such as increasing competition, regulatory pressures, and the need to invest in new technologies to reduce emissions. Overall, the industry is expected to continue to grow in the coming years, but it will also need to adapt to changing market conditions and regulatory requirements.
Industry Innovations for NAICS Code 324110-06
Recent groundbreaking advancements and milestones in the Oil Refiners (Manufacturing) industry, reflecting notable innovations that have reshaped its landscape.
- Development Of New Catalysts for Refining Processes: New catalysts are being developed to improve the efficiency of refining processes and reduce emissions. These catalysts can help to reduce the environmental impact of the industry while also improving its profitability.
- Use Of Renewable Energy Sources: Some oil refineries are starting to use renewable energy sources such as solar and wind power to reduce their carbon footprint and improve their sustainability.
- Implementation Of Advanced Process Control Systems: Advanced process control systems are being implemented to improve the efficiency of refining processes and reduce costs. These systems can help to optimize the use of energy and raw materials, while also reducing emissions.
- Development Of New Biofuels: The industry is investing in the development of new biofuels that can be used as alternatives to traditional petroleum-based fuels. These biofuels can help to reduce the industry's dependence on fossil fuels and improve its sustainability.
- Use Of Blockchain Technology: Some companies in the industry are exploring the use of blockchain technology to improve supply chain transparency and reduce the risk of fraud. This technology can help to improve the efficiency and security of the industry's operations.
NAICS Code 324110-06 - Oil Refiners (Manufacturing)
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