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The refining market is a segment of the process industry that involves the conversion of crude oil into a range of products, such as gasoline, diesel, jet fuel, and other petrochemicals. Refineries use a variety of processes to separate and purify the different components of crude oil, such as distillation, cracking, and reforming. Refining is a complex process that requires a large amount of energy and capital investment.
The refining market is highly competitive, with many large companies operating in the sector. Major players include ExxonMobil, Chevron, Shell, BP, Total, and Valero. These companies have a presence in many countries around the world, and are involved in the production, transportation, and marketing of refined products. Additionally, there are many smaller, independent refineries that specialize in specific products or regions. Show Less Read more
