Question

Explain how petroleum refineries act as a 'nodal industry'?

Answer 1

Nodal industry:

• Nodal industries are those industries that support other industries to develop by providing all the essential components.
• Petroleum refineries are considered a nodal industry because they provide all the necessary components required by other industries to develop.
• Refineries provide the fuel that is required for heating and generating electricity.
• It also provides lubricants in form of petroleum products which are used in the smooth functioning of machinery.
• It also provides the raw material for the synthetic textile industry.

So, petroleum refineries act as the nodal industry.