Calcined Petroleum Coke (CPC), a highly pure carbon, has many industrial uses. This material is used as an intermediate for the production of various metals and chemicals. Also, it can be used for energy. Eco-friendly, it is also a safer alternative to fossils fuels. These emit more gases that cause global warming. It is a versatile product with low ash content and high carbon content, making it an attractive raw material for many industries.
The calcined petroleum coke market has seen steady growth, with demand from the aluminum industry driving the market. In addition, demand from the cement industry has increased due to the ongoing construction activities.
IndustryARC's latest report estimates that the global market for calcined petrol coke will reach USD 1,53 billion in 2025. This growth is impressive, especially in comparison to the USD 12.6 billion value of the global market for calcined petroleum coke that was recorded in 2022. Major drivers of this growth include the increasing construction activity in Asia as well as the demand coming from the cement and aluminum industries.
Prices have risen due to a tight supply of CPC with low sulfur. A lack of replacement capacities, the closure of certain calciners along with a restricted pipeline coming from US Gulf Refineries are all contributing factors. The price difference between the low S category and other categories is still high. This has contributed to CPC's increasing prices.
A growing demand in China also contributes to market growth. In addition, China has the highest demand for coke calcined in production. Steel and cement production are also growing due to an increase in construction.
The growing demand for carbon-based products is another factor that drives the market. Carbon brushes, graphite electrodes, and carbon-black are all examples. The raw material is used in the production of chemicals. This calcined petrol coke could also be used as fuel for fuel cell systems that generate electricity from the reactions of oxygen and hydrogen.
The government of India has recently announced the procedure for importing and exporting calcined petroleum coke. This process requires submitting a request with all the necessary documents, and then obtaining a quote. This quota will be valid for three years. A government expert committee will be appointed to oversee the imports and exports of these materials. The country will be able to meet its environmental standards. To receive a quote for this product, importers must hold a pollution board certificate. This step is crucial to protecting the environment, and ensuring that this substance continues to be used by various industries.
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