For the glass-making industry, the calcining process of petroleum coke helps produce high-quality glass for floats and containers. It involves heating crude petroleum coke, which is then decomposed by heat in a large rotary kiln. The resultant calcined oil coke is then utilized as a raw material in various other processes. This coke can also be used to manufacture ceramic tiles, as well as insulating glasses. In addition, calcining petroleum coke can be used as an alternative to natural gas in a glass melting furnace. It is cheaper and emits less pollution.
The global calcined coke market will likely grow at an annual CAGR greater than 6% from 2023-2028. The growth of the calcined petroleum coke market is due to several factors, including the increasing demand for aluminium in the steel industry, the development of the cement sector and the favorable initiatives taken by governments in regard to green environments.
This report provides a comprehensive analysis of the global green and calcined petroleum coke market by type (needle coke, shot coke, sponge coke, and honeycomb coke), by application, by geography, and by company. This report includes an in-depth analysis of key market players. Some of the key players include Oxbow Corporation, Atha Group, Rain Industries Limited, HPCL-Mittal Energy Limited (HMEL), Essar Oil Ltd, Henze International LLC, and BP.
Recent pandemics have had an impact on growth in the market of calcined oil coke. The ongoing COVID-19 pandemic has significantly impacted industrial activities globally. This has led to a decline in the demand of green and calcined oil coke.
The largest application for calcined oil coke, among all other applications is the production of electrodes in the aluminium smelting sector. Also, it is used to fuel electric arc or induction furnaces. Besides, titanium dioxide is produced from it, an important ingredient for paints, coatings, sunscreens, and plastics.
The project technology has the potential to be successfully commercialized for a wide range of industrial energy-intensive markets. The low price of the technology, compared with heavy oil or natural gas, makes it an appealing alternative. It is also environmentally-friendly and provides a high calorific value, which makes it ideal for melting glass. The traditional fossil fuels emit air pollutants which are harmful to respiratory health. This is a huge benefit for the glass industry and society as a whole. In order to ensure the safety of workers and avoid any environmental hazards, it is important to use safe and efficient equipment for handling calcined petroleum coke. The machinery used to handle calcined petroleum coke can prevent dangerous chemicals and particles from accumulating in the air. It also helps to reduce fire risks in the building. It is important to note that all the equipment must be inspected and maintained regularly to ensure its proper functioning.
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