TeachMeFinance.com - explain Refinery and blender net inputs
Refinery and blender net inputs The term 'Refinery and blender net inputs' as it applies to the area of energy can be defined as 'Refinery and blender net inputs: Raw materials, unfinished oils, and blending components processed at refineries, or blended at refineries or petroleum storage terminals to produce finished petroleum products. Included are gross inputs of crude oil, natural gas plant liquids, other hydrocarbon raw materials, hydrogen, oxygenates (excluding fuel ethanol), and renewable fuels (including fuel ethanol). Also included are net inputs of unfinished oils, motor gasoline blending components, and aviation gasoline blending components. Net inputs are calculated as gross inputs minus gross production. Negative net inputs indicate gross inputs are less than gross production. Examples of negative net inputs include reformulated gasoline blendstock for oxygenate blending (RBOB) produced at refineries for shipment to blending terminals, and unfinished oils produced and added to inventory in advance of scheduled maintenance of a refinery crude oil distillation unit'.
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