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Vacuum Gas Oil Market Growth and Future Outlook
Vacuum Gas Oil Market, Vacuum gas oil market supports refining operations, serving as a feedstock for fuels, lubricants, and chemicals.
The Vacuum Gas Oil Market is a crucial and foundational segment of the global petroleum industry. Vacuum Gas Oil (VGO) is a high-value intermediate product derived from the distillation of crude oil. It is a petroleum refining feedstock that is too heavy to be processed in a traditional atmospheric distillation column but is still lighter than the remaining residue.
VGO is primarily used as a feedstock for conversion units, where it is upgraded into higher-value products such as gasoline, diesel, and jet fuel. The market's dynamics are intrinsically linked to the global demand for these refined products and the technological complexity of modern refineries.
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