Final product

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In production, a final product, or finished product is a product that is ready for sale. [1]

For example, oil is the final product of an oil company. The farmer sells his vegetables as his final product, after they have been through the whole process of growth.

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Standard Oil Co. was an American oil-producing, transporting, refining, and marketing company. Established in 1870 by John D. Rockefeller and Henry Flagler as a corporation in Ohio, it was the largest oil refiner in the world at its height. Its history as one of the world's first and largest multinational corporations ended in 1911, when the U.S. Supreme Court ruled that Standard Oil was an illegal monopoly.

John D. Rockefeller American business magnate and philanthropist

John Davison Rockefeller Sr. was an American business magnate and philanthropist. He is widely considered the wealthiest American of all time and the richest person in modern history.

Vegetable oil Oil extracted from seeds or from other parts of fruits

Vegetable oils, or vegetable fats, are oils extracted from seeds or from other parts of fruits. Like animal fats, vegetable fats are mixtures of triglycerides. Soybean oil, grape seed oil, and cocoa butter are examples of fats from seeds. Olive oil, palm oil, and rice bran oil are examples of fats from other parts of fruits. In common usage, vegetable oil may refer exclusively to vegetable fats which are liquid at room temperature. Vegetable oils are usually edible; non-edible oils derived mainly from petroleum are termed mineral oils. Vegetable oil sold in the U.S. is normally synonymous with soybean oil.

Margarine Semi-solid oily spread often used as a butter substitute

Margarine is a spread used for flavoring, baking and cooking. It is most often used as a substitute for butter. Although originally made from animal fats, most margarine consumed today is made from vegetable oil. The foodstuff was originally named oleomargarine from Latin for oleum and Greek margarite. The name was later shortened to margarine.

Oil refinery Facility that processes crude oil

An oil refinery or petroleum refinery is an industrial process plant where crude oil is transformed and refined into useful products such as petroleum naphtha, gasoline, diesel fuel, asphalt base, heating oil, kerosene, liquefied petroleum gas, jet fuel and fuel oils. Petrochemicals feedstock like ethylene and propylene can also be produced directly by cracking crude oil without the need of using refined products of crude oil such as naphtha. The crude oil feedstock has typically been processed by an oil production plant. There is usually an oil depot at or near an oil refinery for the storage of incoming crude oil feedstock as well as bulk liquid products. According to the Oil and Gas Journal, on 31 December 2014, a total of 636 refineries operated worldwide with a total daily capacity of 87.75 million barrels (13,951,000 m3).

Motor oil Lubricant used for lubrication of internal combustion engines

Motor oil, engine oil, or engine lubricant is any one of various substances that consist of base oils enhanced with various additives, particularly antiwear additives, detergents, dispersants, and, for multi-grade oils, viscosity index improvers. Motor oil is used for lubrication of internal combustion engines. The main function of motor oil is to reduce friction and wear on moving parts and to clean the engine from sludge and varnish (detergents). It also neutralizes acids that originate from fuel and from oxidation of the lubricant (detergents), improves sealing of piston rings, and cools the engine by carrying heat away from moving parts.

A refinery is a production facility composed of a group of chemical engineering unit processes and unit operations refining certain materials or converting raw material into products of value.

Dry distillation

Dry distillation is the heating of solid materials to produce gaseous products. The method may involve pyrolysis or thermolysis, or it may not. If there are no chemical changes, just phase changes, it resembles classical distillation, although it will generally need higher temperatures. Dry distillation in which chemical changes occur is a type of destructive distillation or cracking.

Baker Hughes Company is an American international industrial service company and one of the world's largest oil field services companies. The company provides the oil and gas industry with products and services for oil drilling, formation evaluation, completion, production and reservoir consulting. Baker Hughes is organized in Delaware and headquartered in Houston. The company was originally known as Baker Hughes Incorporated until 2017 when it was merged with GE Oil and Gas to become Baker Hughes, a GE Company (BHGE), then in 2019 the company divested from General Electric and became Baker Hughes Company. As of December 2020, GE is no longer majority owner of Baker Hughes, owning 30% and intending to completely divest its ownership stake over the next few years.

A by-product or byproduct is a secondary product derived from a production process, manufacturing process or chemical reaction; it is not the primary product or service being produced.

Petroleum industry

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McClintockville, Pennsylvania was a small community in Cornplanter Township in Venango County located in the state of Pennsylvania in the United States.

Petroleum product

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AMSOIL Inc. is an American corporation based in Superior, Wisconsin that primarily formulates and packages synthetic lubricants, fuel additives, and filters. Company founder Albert J. Amatuzio developed several synthetic motor oil formulations throughout the mid-to-late 1960s. He was commercially selling synthetic motor oil by 1968. In 1972, AMSOIL 10W-40 Synthetic Motor Oil became the world's first synthetic motor oil to meet American Petroleum Institute requirements, which prompted the company to adopt "The First in Synthetics®" as its tagline. The company introduced several other synthetic lubricants that represented industry firsts throughout the 1970s and early 1980s. It distributes products in North America via a network of independent dealers following a direct-marketing business model.

Limonene Chemical compound

Limonene is a colorless liquid aliphatic hydrocarbon classified as a cyclic monoterpene, and is the major component in the oil of citrus fruit peels. The D-isomer, occurring more commonly in nature as the fragrance of oranges, is a flavoring agent in food manufacturing. It is also used in chemical synthesis as a precursor to carvone and as a renewables-based solvent in cleaning products. The less common L-isomer is found in mint oils and has a piny, turpentine-like odor. The compound is one of the main volatile monoterpenes found in the resin of conifers, particularly in the Pinaceae, and of orange oil.

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A tanker is a ship designed to transport or store liquids or gases in bulk. Major types of tankship include the oil tanker, the chemical tanker, and gas carrier. Tankers also carry commodities such as vegetable oils, molasses and wine. In the United States Navy and Military Sealift Command, a tanker used to refuel other ships is called an oiler but many other navies use the terms tanker and replenishment tanker.

Winsor & Newton is an English manufacturing company based in London that produces a wide variety of fine art products, including acrylics, oils, watercolour, gouache, brushes, canvases, papers, inks, graphite and coloured pencils, markers, and charcoals.

Essar Shipping Ltd., now Essar Shipping Ports & Logistics Limited, is an Indian shipping corporation for the global energy business. The company is a part of Essar Group. It was started in 1945 and incorporated in 2010. The company is listed in Bombay Stock Exchange BSE: 500630. The company headquarters is located in Mumbai.

Shell Rotella

Shell Rotella is a line of heavy-duty engine lubrication products produced by Royal Dutch Shell. The line includes engine oils, gear oils and coolants. The oil carries both the American Petroleum Institute (API) diesel "C" rating as well as the API gasoline engine "S" rating. Ratings differ based on the oil. Rotella oils, like the T3 15W-40, meet both the API CJ-4 and SM specifications, and may be used in both gasoline and diesel engines. However, it is formulated specifically for vehicles without catalytic converters, containing phosphorus levels beyond the 600–800 ppm range. Therefore, Rotella is not recommended for gasoline vehicles with catalytic converters due to the higher risk of damaging these emission controls. Newer formulations of Rotella T6 however are API SM rated as safe for pre-2011 gasoline vehicles.

References

  1. Wouters, Mark; Selto, Frank H.; Hilton, Ronald W.; Maher, Michael W. (2012): Cost Management: Strategies for Business Decisions, International Edition, Berkshire (UK), p. 532.

See also