Indemnity â the insurance company indemnifies, or compensates, the insured in the case of certain losses only up to the insured's interest.
Downstream processing refers to the recovery and purification of biosynthetic products, particularly pharmaceuticals, from natural sources such as animal or plant tissue or fermentation broth, including the recycling of salvageable components and the proper treatment and disposal of waste.t is an essential step in the manufacture of pharmaceuticals such as antibiotics, hormones (e.g. insulin and human growth hormone), antibodies (e.g. infliximab and abciximab) and vaccines; antibodies and enzymes used in diagnostics; industrial enzymes; and natural fragrance and flavor compounds.
Downstream operations are oil and gas operations that take place after the production phase, through to the point of sale. Downstream operations can include refining crude oil and distributing the byproducts, such as gasoline, natural gas liquids, diesel and a variety of other energy sources, down to the retail level. The closer an oil and gas company is to the process of providing consumers with petroleum products, the further downstream the company is said to be.