Prime Atlas focus on trading refined oil positions it as a key player in meeting the global demand for high-quality, processed petroleum products. Refined oil, also known as refined petroleum, undergoes a complex refining process to extract valuable components and enhance its properties. The refined oil market includes various types of products catering to diverse applications across industries. Here's an overview of different types of refined oil and their significance:
Gasoline (Petrol):Gasoline is a primary product of the refining process and is widely used as a fuel for internal combustion engines. It is a key component for the automotive industry and is essential for transportation.
Diesel Fuel:Diesel fuel, with its high energy density and efficient combustion properties, is a vital product for the transportation sector. It powers a significant portion of commercial vehicles, trucks, buses, and industrial machinery.
Jet Fuel (Aviation Turbine Fuel):Jet fuel is specifically designed for use in aviation turbines and jet engines. It undergoes stringent quality control measures to meet the exacting requirements of the aviation industry, ensuring safe and efficient air travel.
Liquefied Petroleum Gas (LPG):LPG, commonly known as propane or butane, is a clean-burning fuel widely used for heating, cooking, and as fuel for vehicles. It is stored in a liquid state under pressure and vaporizes when released.
Bitumen:Bitumen, also known as asphalt, is a highly viscous form of refined oil used in road construction, roofing, and waterproofing applications. It provides durability and weather resistance to various materials.
Naphtha:Naphtha is a versatile feedstock used in the production of petrochemicals, including plastics and synthetic materials. It is a crucial component in the petrochemical industry.
Prime Atlas involvement in the refined oil trade encompasses a broad spectrum of products that drive economies, enable transportation, and contribute to various industrial processes. The company's role is instrumental in ensuring a reliable supply chain for these refined oil products, meeting the diverse needs of industries and consumers globally.