EIO Fidelity trades in a number refined petroleum products including:

Light Distillates

These distillates condense towards the top of the distillation tower. They include:

  • Light Petroleum Gas (LPG):
    Used industrially and domestically as fuel for vehicles (ignition fuel), refrigerant, chemical feedstock, cooking fuel, centralized heating systems, paper and food processing industries.
  • Premium Motor Spirits (PMS) Gasoline (Petrol):
    Fuel for vehicles from recreational vehicles and cars to small aircraft and to power emergency electricity generators.
  • Naphtha:
    Instrumental in petrochemical manufacturing in providing energy for steam cracking (breaking down hydrocarbon molecules).

Middle Distillates

  • Kerosene:
    Used as fuel for cooking and lighting in less-developed countries, fuel for portable cooking stoves, as an emergency heat source during power failures. Kerosene can also be used in chemistry as a diluent or to store crystals in X-ray crystallography. It is also an effective pesticide and is used in the entertainment industry for fire performances.
  • Jet Fuel:
    Based on either an unleaded kerosene or a blend of naphtha and kerosene, is used in aviation.
  • Gas Oil/Diesel :
    Gas oil is used as home heating fuel in some Western European countries and is also used in off road agricultural machinery. Diesel, however, is the fuel used for road transportation. While diesel engines can run on gas oil, gas oil has a lower tax added to its price so a dye is added to stop people filling their cars up with the cheaper product.

Heavy Distillates

  • Heavy Fuel Oil (HFO):
    This type of fuel oil is used to power ships and power stations. It is also sometimes known as bunker fuel.

Residuum

  • Asphalt/Bitumen:
    Used for roads and roofing
  • Lubricating oils:
    Used to minimize friction, heat and wear between mechanical parts. The most common type of lubricating oil as they are an inexpensive by-product of oil refining.
  • Waxes:
    can be used in candles, foods (chewing gum and cheese wrapping), cosmetics and in waterproof coatings

Petrochemicals

After the refining of crude oil process, certain products go on to be used in the manufacturing of petrochemicals. Naphtha, components of natural gas such as butane and by-products (ethane and propane) are known as feedstocks and undergo a process called cracking to create new products. These products are the building blocks of the petrochemical industry and are further processed until products like plastics, detergents, and synthetic fibers are produced.