People have earned millions or billions on owing mini crude oil business. Startup capital will be huge and then there are the permits, license, and insurance to be considered. Competition and marketing are also crucial aspects, which need not be overlooked.
Before starting, it is sensible to perform economic & cost analysis, market research, and feasibility studies. Equipped with every trigger in your arsenal, it will not take long to create brand awareness.
Mini or modular refineries can process 2,000 BPD [Barrels per day] of light or heavy crude oil into kerosene, naphtha, fuel oil, and diesel. Modular refinery is made from small mobile skid mounted parts, which are fabricated easily for quick transportation on-site from the workshop facility.
After installation of mini refinery, the refining crude oil process is automated from start to end. The end product is stored in tank farm then loaded in tankers destined for distribution.
Mini crude oil business will prosper consistently because there is a huge demand for diesel, petrol, and kerosene. In addition, professional certification will help to stand out. Have a good business plan, which will help to finance your small start up.
Select an appropriate location after thorough market survey and feasibility study. When you select location consider the demographic, demand, competition numbers, purchasing power of locals, local laws, location accessibility, etc.
Your marketing strategy will be around quality, pricing, and customer service. In reality market is dynamic, so there is a need for consistent promotion to keep your target market captured.
This article was provided by AmeriSourceEnergy.com