NAICS Code 324110-09 - Oils-Re-Refined (Manufacturing)
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NAICS Code 324110-09 Description (8-Digit)
Hierarchy Navigation for NAICS Code 324110-09
Parent Code (less specific)
Tools
Tools commonly used in the Oils-Re-Refined (Manufacturing) industry for day-to-day tasks and operations.
- Vacuum distillation units
- Solvent extraction units
- Hydrogenation units
- Clay treatment units
- Filtration units
- Centrifuges
- Decanters
- Reactors
- Heat exchangers
- Pumps
Industry Examples of Oils-Re-Refined (Manufacturing)
Common products and services typical of NAICS Code 324110-09, illustrating the main business activities and contributions to the market.
- Base oil production
- Lubricant manufacturing
- Hydraulic fluid manufacturing
- Industrial oil manufacturing
- Transformer oil manufacturing
- Metalworking fluid manufacturing
- Gear oil manufacturing
- Engine oil manufacturing
- Marine oil manufacturing
- Railroad lubricant manufacturing
Certifications, Compliance and Licenses for NAICS Code 324110-09 - Oils-Re-Refined (Manufacturing)
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- Resource Conservation and Recovery Act (RCRA) Permit: This permit is required for facilities that generate, transport, treat, store, or dispose of hazardous waste. The permit is issued by the Environmental Protection Agency (EPA) and ensures that the facility complies with hazardous waste regulations.
- National Pollutant Discharge Elimination System (NPDES) Permit: This permit is required for facilities that discharge pollutants into US waters. The permit is issued by the EPA and ensures that the facility complies with water pollution regulations.
- Occupational Safety and Health Administration (OSHA) Hazard Communication Standard: This standard requires employers to provide information and training to employees about hazardous chemicals in the workplace. The standard is enforced by OSHA and ensures that employees are aware of the hazards associated with the chemicals they work with.
- International Organization for Standardization (ISO) 14001: This certification is a globally recognized standard for environmental management systems. It provides a framework for organizations to manage their environmental impacts and improve their environmental performance.
- American Petroleum Institute (API) Certification: API provides a range of certifications for the oil and gas industry, including certifications for equipment and personnel. These certifications ensure that equipment and personnel meet industry standards and are qualified to perform their roles.
History
A concise historical narrative of NAICS Code 324110-09 covering global milestones and recent developments within the United States.
- The Oils-Re-Refined (Manufacturing) industry has a long history dating back to the early 1900s when the first re-refining plant was established in the United States. The industry has since grown and evolved, with notable advancements in technology and processes. In the 1960s, the industry saw a significant increase in demand due to the oil crisis, which led to a shortage of crude oil and an increase in the price of petroleum products. This resulted in a renewed focus on recycling and re-refining used oil. In recent years, the industry has continued to grow, with advancements in technology and increased awareness of the environmental benefits of re-refining used oil. In the United States, the Oils-Re-Refined (Manufacturing) industry has seen significant growth in recent years. This growth can be attributed to several factors, including increased demand for environmentally friendly products, advancements in technology, and government regulations promoting the use of recycled products. In 2019, the industry generated over $1 billion in revenue and employed over 1,000 people. The industry is expected to continue to grow in the coming years, driven by increasing demand for sustainable products and a growing focus on environmental responsibility.
Future Outlook for Oils-Re-Refined (Manufacturing)
The anticipated future trajectory of the NAICS 324110-09 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.
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Growth Prediction: Growing
The future outlook for the Oils-Re-Refined (Manufacturing) industry in the USA is positive. The industry is expected to grow due to the increasing demand for sustainable and eco-friendly products. The industry is also expected to benefit from the growing awareness of the need to reduce waste and conserve resources. The industry is likely to see an increase in demand for its products as more companies and individuals seek to reduce their carbon footprint. The industry is also expected to benefit from advancements in technology that make the re-refining process more efficient and cost-effective.
Industry Innovations for NAICS Code 324110-09
Recent groundbreaking advancements and milestones in the Oils-Re-Refined (Manufacturing) industry, reflecting notable innovations that have reshaped its landscape.
- Development Of New Technologies for the Re-Refining Process: The industry has seen significant advancements in technology that have made the re-refining process more efficient and cost-effective.
- Increased Use Of Recycled Oil: The industry has seen an increase in the use of recycled oil as more companies and individuals seek to reduce their carbon footprint.
- Expansion Of Product Lines: The industry has expanded its product lines to include a wider range of eco-friendly products, such as lubricants and hydraulic fluids.
- Partnerships with Other Industries: The industry has formed partnerships with other industries, such as the automotive industry, to promote the use of recycled oil and other eco-friendly products.
- Increased Investment In Research and Development: The industry has seen an increase in investment in research and development to improve the re-refining process and develop new products.
NAICS Code 324110-09 - Oils-Re-Refined (Manufacturing)
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