All About Refinery
By Guest beijing petroleum machinery factory top drive price Author: Robert Williams, PhD, P.E.
There’s a dominant stock investing theme that directs you to spend money on companies that provide a product that everybody uses on daily basis. May I draw your attention to a particular product on this category, namely asphalt Unless your home has a tile roof, you probably woke up under an asphalt-tiled roof; walked to your car on an asphalt footpath; drove your car to work on an asphalt-surface highway or freeway; and parked your car within the asphalt-surface office car park.
As well as, President Obama goes to re-surface all the US deteriorating freeways and highways – using asphalt after all.
It’s possible you’ll wish to contemplate investing in a number of the asphalt companies identified in this article. However, most asphalt involved companies are large conglomerates and certainly the asphalt producers are the key oil and gas conglomerates some of which are listed below.
If you have not even considered where the asphalt comes from you need to bear in mind that it is derived from crude oil refining which primarily produces your gasoline and diesel which you also use each day.
So as to be ready for road surfacing asphalt must be transported from the refineries to road construction companies that combine it with various rock aggregates to supply the hard surface that you simply drive on. This thick black substance is just liquid at temperatures above 300 degrees Fahrenheit and requires specially designed and dedicated trucks to transport the asphalt while maintaining its temperature. I’ve been involved with various refinery automation projects including asphalt truck loading racks where asphalt is sold by refinery truck weigh scales (weight out minus weight in) with computer controlled and data processing for product loading authorization and custody transfer accounting/ billing for each load.
If we have now international readers it is best to be aware that we’re talking beijing petroleum machinery factory top drive price about bitumen, but not tarmac or coal tar. Tar is derived from coal and was the unique road surfacing material when it was available from coal gas processing which has long been replaced by natural gas. These coal tar roads date back to the early 1800’s when John McAdam started the road surfacing known as tarmac or macadam roads.
Apart from the key oil companies shown in group stock charts as asphalt producers there are a lot of privately- and publicly-owned companies involved in getting the asphalt onto the roads, or car parks, or roofs. A few of these non-private companies are listed here with a short description and their earnings estimates. Based on your personalized investing criteria listed in your Trading Plan you need to evaluate and exercise your due diligence as to potential investment opportunities. This is who, what, where, why and the way but not the when. At the moment the author has no investments in any of these companies.
Alon USA Energy, Inc. (ALJ) operates as an independent refiner and marketer of petroleum products primarily within the south central, southwestern, and western regions of the United States. ALJ has three segments: Refining and Marketing, Asphalt, and Retail. The Asphalt segment markets paving and roofing grades of asphalt, and performance-graded asphalts, emulsions, and cutbacks through its 12 refinery/terminal locations. Alon USA Energy, Inc. is a subsidiary of Alon Israel Oil Company,
Astec Industries, Inc. (ASTE) designs, engineers, manufactures and markets equipment and components used primarily in road building, utility and related construction activities. ASTE products are used in each phase of road building, from quarrying and crushing the aggregate to application of the road surface. The business segments are Asphalt Group, Aggregate and Mining Group, Mobile Asphalt Paving Group and Underground Group.
CRH plc (CRH) is a global building materials company, which manufactures and distributes building material products. The corporate is organized into four divisions, two in Europe: Materials and Products & Distribution; and two in the Americas: Materials in the United States and Products & Distribution within the United States, Mexico, Canada, Chile and Argentina. Materials businesses are involved within the production of cement, aggregates, asphalt and prepared-mixed concrete.
Holly Corporation (HOC) is an independent petroleum refiner, which produces light products, akin to gasoline, diesel fuel and jet fuel. It owns and operates two refineries consisting of a petroleum refinery that is operated at the side of crude oil distillation and vacuum distillation and other facilities in New Mexico, and a refinery in Utah; owns approximately 900 miles of crude oil pipelines located principally in west Texas and New Mexico; owns and operates Holly Asphalt Company, along with other assets including approximately 1,700 miles of petroleum product pipelines located in Texas, New Mexico and Oklahoma; 10 refined product terminals; and two refinery truck rack facilities.
NuStar Energy L.P. (NS) provides storage and truck loading terminal services for crude oil and refined petroleum products to the producers of crude oil, integrated oil companies, chemical companies, oil traders and refiners. NS has five business segments: refined product terminals, refined product pipelines, crude oil pipelines, crude oil storage tanks and marketing. In March 2008, NS announced that it has completed its acquisition of CITGO Asphalt Refining Company’s asphalt operations and assets which is the first reason for including them on this Asphalt article.
Terex Corporation (TEX) is beijing petroleum machinery factory top drive price a diversified global manufacturer of capital equipment for the construction, infrastructure, quarrying, surface mining, shipping, transportation, refining and utility industries.
Vulcan Materials Company (VMC) is a producer of construction aggregates, primarily crushed stone, sand and gravel, a producer of asphalt and concrete and a producer of cement in Florida. The corporate operates through three segments: Aggregates, Asphalt mix and Concrete, and Cement.
In case you are conversant in other listed asphalt handling companies the author and the readers would appreciate knowing about them via the comments input section below
Robert Williams 40 plus years experience includes oil/gas engineering in crude oil/petroleum products/natural gas, refining, processing and pipelines on all continents, except South America and Antarctica, from Alaska and Australia pipelines to S.E. Asia offshore, from UK North Sea to Los Angeles fuel truck racks and from Romanian pipelines to West Africa FPSO.