Supplier of petroleum coke (petcoke) of both fuel-grade & calcined morphology. This black carbon material is used in aluminum, steel & titanium dioxide pigment production. It is also a key ingredient in graphite electrodes.
CPC is produced by placing high quality raw "green" petroleum coke into traditional rotary or shaft kilns to undergo heat and pressure treatment. It must meet historically V specifications as well as today’s lower S requirements.
Oxbow recycles refining byproducts, manufactures calcined petroleum coke and trades carbon-based commodities. Ships carrying raw coke from oil refineries around the world dock at the Oxbow facility on Taylor Bayou in Port Arthur, where the powdery substance is transferred to long kilns that rotate like cement mixers and dry-heat it at super-high temperatures to turn it into calcined petroleum coke. It is then used to make anodes for the aluminum, steel and titanium smelting industries. The company also produces and markets fuel grade petcoke, which is high in heating value and burns with low ash content.
The company primarily sells its fuel-grade coke to power plants in the United States, which uses it to replace coal. The market for calcined petroleum coke is expected to grow due to increasing demand in the aluminum, cement and steel industries and favorable government initiatives for the green environment. The calcined petroleum coke market is also expected to grow in the Asia Pacific region, owing to increasing construction and manufacturing activities and the increasing demand for titanium dioxide. This is because the use of titanium dioxide in paints, plastics, sunscreens and other products is beneficial for the environment. Some of the major players in the global calcined petroleum coke market are Atha Group, Carbograf Industrial S.A. de C.V., Oxbow Corporation and Rain Carbon Inc.
The global calcined petroleum coke market is expanding rapidly due to the growth of the power generation industry. In addition, the development of the aluminum industry and growing construction expenditure are also driving demand for calcined petroleum coke. This market is expected to continue growing because of favorable government initiatives to reduce carbon emissions and promote renewable energy sources.
This product is a byproduct of oil refining, and it is available in two forms: fuel grade coke (green coke) and calcined coke. The majority of petroleum coke is used as a fuel, and the remainder is used in cement kilns and other industrial applications. The global calcined petroleum coke industry is divided into several regions, including Europe, Asia Pacific, North America, and Latin America.
The calcined petroleum coke market is projected to grow at a high rate in the coming years, particularly in Europe. This growth is attributed to the low price of calcined petroleum coke and its ability to replace natural gas and coal as a source of energy. Additionally, the EU is implementing stringent air quality standards that will increase demand for this product. Furthermore, the growing popularity of lithium-ion batteries is expected to boost the calcined petroleum coke market. As a result, the market is expected to reach USD 2.9 billion by 2028.
The global Calcined Petcoke market is predicted to grow owing to the rising use of this product for manufacturing the anode for aluminum and steel smelting. The increase in green petcoke production is also anticipated to enhance the overall market growth throughout the forecast period. However, the increasing price of this product is expected to slow down the market expansion during the estimated time frame.
The calcined petroleum coke market is dominated by Asia Pacific region which holds up to 40% of the global market share in 2019. This is primarily because of the increasing number of industrialization projects, infrastructure development, automobile production, and growing residential construction activities in countries like India, China, and Singapore. Furthermore, the economic reforms, infrastructural investment, and increased per capita income of the citizens are anticipated to boost the market in this region.
The key players in this market are focusing on the business strategies to increase their market share and revenue margin. They are doing this by launching new products and entering into contracts with other companies. In addition, they are utilizing technology to develop cost-effective solutions for their customers. The major players in this industry include Oxbow Corporation, Atha Group, Rain Industries Limited, Graphite India Ltd, and Maniyar Group of Industries among others.
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