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Samuel Martin Kier (July 19, 1813 – October 6, 1874) was an American inventor and businessman who is credited with founding the American petroleum refining industry. He was the first person in the United States to refine crude oil into kerosene lamp oil. [1]
Oil field in California, 1938. The modern history of petroleum began in the nineteenth century with the refining of paraffin from crude oil. The Scottish chemist James Young in 1847 noticed a natural petroleum seepage in the Riddings colliery at Alfreton, Derbyshire from which he distilled a light thin oil suitable for use as lamp oil, at the same time obtaining a thicker oil suitable for ...
Flagler’s step-brother Stephen V. Harkness made substantial investments, but was a silent partner and did not take an active role in running the business but he was actually the second largest stockholder next to JD Rockefeller. [1] By 1868, Rockefeller, Andrews & Flagler was the largest petroleum refiner in the world. The partners are ...
Chesebrough opened his first factory in 1870. The first known reference to the name Vaseline is in his U.S. patent: "I, Robert Chesebrough, have invented a new and useful product from petroleum which I have named 'Vaseline…'" . The word is believed to come from German Wasser (water) + Ancient Greek: έλαιον (élaion, oil). [5]
An oil refinery or petroleum refinery is an industrial process plant where petroleum (crude oil) is transformed and refined into products such as gasoline (petrol), diesel fuel, asphalt base, fuel oils, heating oil, kerosene, liquefied petroleum gas and petroleum naphtha.
When retiring in New York, he was the owner of 3 banks, a railroad, and was also director and President of various companies, such as the Peruvian Petroleum Company and the Peruvian Refining Company. [16] He and other investors started these companies with a capital of 5 millions dollars and a lease on 4.5 millions acres of land.
Rogers' success in the oil industry began with Charles Pratt in 1866, when he invented an improved process by which naphtha was separated from crude oil during oil refining. John D. Rockefeller bought his and Pratt's business in 1874, and Rogers rose rapidly in Standard Oil. He designed the idea of a very long pipeline for transporting oil, as ...
Fred Chase Koch (/ k oʊ k / KOHK; September 23, 1900 – November 17, 1967) was an American chemical engineer and entrepreneur who founded the oil refinery firm that later became Koch Industries, a privately held company which – under the principal ownership and leadership of Koch's sons Charles and David – would be listed by Forbes as the second-largest privately held company in the ...