FUEL OIL, often termed furnace oil, is primarily sourced from crude oil distillation residues. It serves as a reliable fuel for steam boilers within power stations, maritime propulsion, and industrial operations. Commercial formulations are customized through blending with lighter petroleum products to achieve operational viscosity and optimal combustion characteristics.
As a residual by-product, furnace oil maintains an economical advantage, frequently offered at a market rate more favorable than crude oil itself.
BITUMEN, recognized by its characteristic black or dark hue, presents itself in various physical states ranging from solid to viscous. Its occurrence is diverse, found as rock asphalt, natural deposits, or as a derivative of petroleum processing. “BITUMEN materials” broadly categorizes substances containing bitumen or those from which bitumen is extractable.
The predominant application of bitumen, accounting for 70% of its usage, lies in road construction, where it acts as the binding agent in asphalt concrete. Additionally, it is integral to the production of waterproofing materials for roofing and sealing purposes.