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Refinery Utilization Rate

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Definition: A measure of the extent to which a refinery is operating compared to its full capacity, expressed as a percentage.​

Key Components:

  • Actual Throughput: Amount of crude oil processed.​
  • Operable Capacity: Maximum sustainable processing capability.​

Use Cases/Industries:

  • Refinery Operations: Assessing efficiency and profitability.​
  • Market Analysis: Evaluating supply levels and potential shortages.​

Advantages:

  • Performance Indicator: Helps optimize operations.​
  • Market Insight: Informs pricing and inventory decisions.​

Challenges:

Related Terms:

  • Capacity Factor: Ratio of actual output to potential output.​
  • Throughput: Volume processed over a given period.​

Example: A refinery with a capacity of 200,000 barrels per day processes 180,000 barrels, resulting in a utilization rate of 90%.

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Synonyms:
Refinery Capacity Utilization, Operating Rate
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