“In the oil and gas sector, the term ‘downstream’ generally
refers to the facilities responsible for removing impurities
and converting oil and gas raw materials into useful
products

.

Critical outputs of the downstream sector include gasoline, jet
fuel, heating oil, asphalt products, lubricants, and myriad
others. While they account for only a very small portion of
hydrocarbon end-uses, heat transfer fluids (HTFs) are a niche
but important output of downstream production.”

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