
CO-PRODUCT, BI-PRODUCT
CO-PRODUCT, BY-PRODUCT
Co-Products and By-products are used when one or more products are produced incidentally during a product production process (Flow). A Co-Product generally goes through the process of being produced and sold as a finished product. In contrast, a by-product is associated with non-production processes, such as being stored in a warehouse for sale or disposal through non-standard channels,or being fed back into the process as a raw material. Co-Products arise in cases such as BIN splitting in semiconductor manufacturing, or when crude oil is refined into LPG, gasoline, and diesel.