Oil Products’ Bunker Market Share at 10% by 2050, Says BP
Oil major’s latest Energy Outlook maps likely shape of bunker market over next quarter century.
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Commercial real estate investing offers many possibilities across various property types. The investment products available to RealtyMogul members offer distinct benefits including “REITs,” 1031 Exchange properties, and Individual properties.
THE OIL RECYCLING PROCESS
What Happens To Used Oil?
There are many practical uses for used motor oil. A primary use is to re-refine it into a base stock for lubricating oil. This process is very similar to the refining of crude oil. The result is that the re-refined oil is of as high a quality as a virgin oil product.
A secondary use of the used oil is to burn it for energy. Large industrial boilers can efficiently burn the used oil with minimum pollution. As a result, some used oil is sent to power plants or cement kilns to be burned as fuel. On a lesser scale, small quantities of used oil are burned in specially designed heaters to provide space heating for small businesses.