NAICS Code 324110-11 - Oils-Fuel-Alternative (Manufacturing)

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NAICS Code 324110-11 Description (8-Digit)

The Oils-Fuel-Alternative (Manufacturing) industry is a subdivision of the Petroleum Refineries (Manufacturing) industry. This industry involves the manufacturing of alternative fuels from oils, such as biodiesel and ethanol. The production process includes the extraction and refining of oils, as well as the blending and distribution of the final product. The industry is driven by the increasing demand for renewable energy sources and the need to reduce dependence on fossil fuels.

Hierarchy Navigation for NAICS Code 324110-11

Parent Code (less specific)

Tools

Tools commonly used in the Oils-Fuel-Alternative (Manufacturing) industry for day-to-day tasks and operations.

  • Biodiesel processors
  • Ethanol distillation equipment
  • Oil extraction machines
  • Refining towers
  • Blending tanks
  • Pumps and valves for distribution
  • Quality control instruments
  • Laboratory equipment for testing
  • Filtration systems
  • Heat exchangers

Industry Examples of Oils-Fuel-Alternative (Manufacturing)

Common products and services typical of NAICS Code 324110-11, illustrating the main business activities and contributions to the market.

  • Biodiesel production
  • Ethanol production
  • Vegetable oil refining
  • Biofuel blending
  • Waste oil recycling
  • Algae-based fuel production
  • Biogas production
  • Hydrogen fuel production
  • Cellulosic ethanol production
  • Renewable diesel production

Certifications, Compliance and Licenses for NAICS Code 324110-11 - Oils-Fuel-Alternative (Manufacturing)

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

  • Renewable Fuel Standard (RFS) Program: The RFS program is a federal program that requires transportation fuel sold in the US to contain a minimum volume of renewable fuels. The program is administered by the Environmental Protection Agency (EPA).
  • ASTM D6751: This is a specification for biodiesel fuel blend stock (B100) for middle distillate fuels. It is published by ASTM International, a globally recognized leader in the development and delivery of voluntary consensus standards.
  • UL 87: This is a safety standard for fuel dispensing equipment, including pumps, nozzles, hoses, and other components. It is published by Underwriters Laboratories (UL), a global safety certification company.
  • ISO 8217: This is a standard for marine fuels, including distillate and residual fuels. It is published by the International Organization for Standardization (ISO), a global standard-setting body.
  • California Low Carbon Fuel Standard (LCFS): The LCFS is a state program that requires a reduction in the carbon intensity of transportation fuels sold in California. The program is administered by the California Air Resources Board (CARB).

History

A concise historical narrative of NAICS Code 324110-11 covering global milestones and recent developments within the United States.

  • The Oils-Fuel-Alternative (Manufacturing) industry has a long history dating back to the early 1900s when the first diesel engine was invented. The industry has since then undergone significant changes, with the introduction of new technologies and the discovery of new sources of fuel. In the 1970s, the oil crisis led to a renewed interest in alternative fuels, and the industry saw a surge in demand for biofuels and other renewable energy sources. In recent years, the industry has continued to grow, with a focus on developing more efficient and sustainable fuel sources. In the United States, the industry has seen significant growth in the last decade, with the government providing incentives for the development of alternative fuels and the adoption of clean energy technologies.

Future Outlook for Oils-Fuel-Alternative (Manufacturing)

The anticipated future trajectory of the NAICS 324110-11 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Growing

    The future outlook for the Oils-Fuel-Alternative (Manufacturing) industry in the USA is positive. The industry is expected to grow due to the increasing demand for alternative fuels and the government's push towards renewable energy sources. The industry is also expected to benefit from advancements in technology and the development of new and more efficient production methods. The increasing focus on reducing carbon emissions and the need for sustainable energy sources are expected to drive the growth of the industry in the coming years.

Industry Innovations for NAICS Code 324110-11

Recent groundbreaking advancements and milestones in the Oils-Fuel-Alternative (Manufacturing) industry, reflecting notable innovations that have reshaped its landscape.

  • Biofuels: Biofuels are a recent innovation in the Oils-Fuel-Alternative (Manufacturing) industry. These fuels are made from renewable sources such as corn, soybeans, and other crops. They are considered to be a more sustainable alternative to traditional fossil fuels.
  • Electric Vehicles: The development of electric vehicles is another recent milestone in the industry. These vehicles are powered by electricity and do not require traditional fuels. The increasing popularity of electric vehicles is expected to drive the growth of the industry in the coming years.
  • Hydrogen Fuel Cells: Hydrogen fuel cells are another recent innovation in the industry. These cells generate electricity by combining hydrogen and oxygen, producing only water as a byproduct. They are considered to be a more sustainable alternative to traditional fossil fuels.
  • Solar Energy: The development of solar energy is another recent milestone in the industry. Solar energy is generated by harnessing the power of the sun and converting it into electricity. The increasing popularity of solar energy is expected to drive the growth of the industry in the coming years.
  • Wind Energy: The development of wind energy is another recent milestone in the industry. Wind energy is generated by harnessing the power of the wind and converting it into electricity. The increasing popularity of wind energy is expected to drive the growth of the industry in the coming years.

NAICS Code 324110-11 - Oils-Fuel-Alternative (Manufacturing)

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