Soybean oil formulations. However, other oils (such as linseed oil) may be superior for some drying oil applications. While soybean oil has no direct insect repellent activity, it is used as a fixative to extend the short duration of action of essential oils such as geranium oil in several commercial products. Soybean oil is traded at the Chicago Board of Trade in contracts of 60,000 pounds at a time. Prices are listed in cents and hundredths of a cent per pound. Soybean oil Soybean oil is a vegetable oil extracted from the seeds of the soybean ("Glycine max"). It is one of
Oil production plant Oil production plant An oil production plant (sometimes called an oil terminal) is a facility which performs processing of production fluids from oil wells in order to separate out key components and prepare them for export. This is distinct from an oil depot, which does not have processing facilities. Typical production fluids are a mixture of oil, gas and produced water. Many permanent offshore platforms have full oil production facilities on board. Smaller platforms and subsea wells must export raw production fluid to the nearest production facility, which may be on a nearby offshore processing platform or an onshore terminal.