high efficient used oil refinery equipment

                                               
                                               
                                               
                                               
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  • How is the oil refining industry’s efficiency derived?
  • The oil refining industry’s efficiency is derived from the prices of petroleum products (Naphtha, Gasoline, Kerosene, Diesel, and Fuel Oil) using the portfolio theory. The panel data was constructed using the following dependent variables, the crude oil production efficiency, energy consumption, renewable energy consumption, and R&D investment.
  • How can oil refinery technology improve the efficiency of oil preparation and refining?
  • In addition, the design of the main assemblies and apparatuses of refinery units is constantly being improved and the heat recovery scheme of technological streams is being optimized. All this makes it possible to increase the efficiency of oil preparation and refining processes.
  • What is used oil re-refining?
  • The re-refining of used oils has been developed over several decades. The acid-clay re-refining process was the first commercial approach. This was the first-generation process commercialised in the 1960s by many companies in the United States, and it used a large amount of sulphuric acid and clay to treat waste oils [ 27 ].
  • Which explanatory variables describe the efficiency of the oil refining industry?
  • And the explanatory variables describing the efficiency of the oil refining industry (crude oil production, energy use, renewable energy consumption, R&D expenditure, etc.) were selected to form panel data for OECD countries from 2005 to 2016. These panel data generally have heterogeneity and endogenous problems of explanatory variables.