Heavy Distillates are Petroleum products such as Lubricating Oils, Wax and Bitumen derived from crude oil (petroleum) as it is processed in oil refineries, unlike petrochemicals, which are a collection of well-defined usually pure chemical compounds, petroleum products are complex mixtures. the majority of petroleum is converted to petroleum products, which includes several classes of fuels.
According to the US Energy Information Administration The Global Petroleum Consumption estimate for 2011 is 87.421 million barrels of oil per day.
The Indian Petroleum Consumption in 2011 is 3.2 million barrels per day. The share of Heavy Distillates is negligible but rapidly growing.
Our group is actively pursuing the Heavy Distillate arena and already marketing and distributing products across our distribution hubs and global offices. The heavy distillates space is somewhat unorganised in India but has immense potential for scalability.