3241 - Petroleum and Coal Products Manufacturing
Introduction
Understanding the NAICS code system is essential for businesses navigating government contracting and industry classification. One pivotal code within the manufacturing sector is NAICS 3241, which identifies the Petroleum and Coal Products Manufacturing industry. This industry plays a critical role in the economy by supplying refined petroleum products that fuel transportation, industry, and households. In this blog post, we will dive deep into NAICS 3241, exploring its scope, business activities, size standards, and practical examples to help you better understand its significance.
What is NAICS Code 3241?
NAICS 3241 covers establishments primarily engaged in the refining of petroleum and the manufacturing of coal products. This includes processes such as breaking down crude oil into various fractions and creating finished products derived from petroleum and coal. The sector focuses on producing essential items such as gasoline, diesel fuel, lubricants, asphalt, and other petroleum-based commodities.
Key Areas Included:
- Refining crude petroleum
- Producing gasoline and jet fuel
- Manufacturing lubricating oils and greases
- Asphalt production and coal tar manufacturing
- Creating other petroleum by-products
Sector: Manufacturing
NAICS 3241 belongs to the broader Manufacturing sector (NAICS Sector 31-33), which includes various industries engaged in transforming raw materials into finished goods. Specifically, the Petroleum and Coal Products Manufacturing industry is vital for creating products that provide energy and serve as inputs for multiple other industries.
Typical Business Activities Under NAICS 3241
Businesses categorized under NAICS 3241 typically perform activities such as:
- Petroleum Refining: Processing crude oil into fuels like gasoline, diesel, and jet fuel.
- Asphalt Manufacturing: Producing asphalt used for road construction and roofing.
- Lubricant Production: Creating oils and greases to reduce friction in machinery.
- Coal Product Manufacturing: Producing coal tar and coke for industrial purposes.
Examples of Business Types:
- Petroleum refineries
- Asphalt production plants
- Lubricant manufacturing companies
- Coal tar processing operations
Size Standards for NAICS 3241
To qualify as a small business under government contracting regulations, entities in this industry must meet specific size standards defined by the U.S. Small Business Administration (SBA):
- Size standard: 1,500 employees (average employment over the past 12 months)
This standard is critical for businesses aiming to participate in set-aside contracts and gain advantages offered to small businesses.
NAICS 3241 Code Details Table
| Attribute | Details |
|---|---|
| NAICS Code | 3241 |
| Title | Petroleum and Coal Products Manufacturing |
| Description | Establishments primarily engaged in refining petroleum and manufacturing coal products. |
| Sector | Manufacturing |
| Typical Business Types | Petroleum refineries, Asphalt manufacturing, Lubricant production, Coal product plants |
| Size Standard | 1,500 employees (average over 12 months) |
| Key Products | Gasoline, Diesel, Jet Fuel, Lubricants, Asphalt, Coal Tar |
Frequently Asked Questions (FAQ)
What does NAICS Code 3241 include?
NAICS 3241 includes businesses that refine petroleum and manufacture coal products like gasoline, lubricants, asphalt, and coal tar.
What sector does NAICS 3241 belong to?
This code falls under the Manufacturing sector (NAICS 31-33).
What are typical examples of businesses under NAICS 3241?
Typical businesses include petroleum refineries, asphalt producers, lubricant manufacturers, and coal product operations.
What is the small business size standard for NAICS 3241?
The size standard is 1,500 employees, based on average employment over the past 12 months.
Why is NAICS 3241 important?
It identifies businesses critical to the energy supply chain, enabling targeted government contracting and economic analysis within the petroleum and coal products industry.
Conclusion
NAICS Code 3241 plays a crucial role in classifying businesses involved in the essential manufacturing of petroleum and coal products. Whether you operate a petroleum refinery or an asphalt manufacturing plant, understanding this NAICS code can help you navigate government contracting opportunities, align with industry standards, and position your business effectively in the market. By knowing the key activities, size standards, and examples associated with NAICS 3241, you can take strategic steps towards growth within the manufacturing sector.
If you are a business owner or a contractor, leveraging the insights of NAICS 3241 will enable you to connect with the right opportunities in the dynamic petroleum and coal products manufacturing industry.
