Meanwhile, Kior last month said it received EPA approval for a drop-in replacement fuel from wood chips using a pyrolysis process adopted from the oil refining business.

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The price of fuel oil is going up, the Times tells us, mainly because of refining cutbacks in the Northeast.

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The prices of refined products like diesel, gasoline and jet fuel, might increase much more sharply than crude-oil futures because of the refining belt that runs along the Gulf.

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The refined products and marketing division is responsible for refining and marketing various products such as gasoline, aviation fuel, fuel oil and middle distillates.

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However, in view of its present high price, rhenium (used in highly fuel-efficient aircraft engines) is now recovered from scrap bimetallic catalysts used in the oil refining industry.

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