Petroleum coke is a byproduct of oil refineries. It contains a large proportion of carbon with a low amount of ash. It is used as an alternative to coal in heavy industries and power plants, primarily because of its lower cost. Moreover, it can be combustible and generates heat when burned. It is a cost-effective alternative to natural gases. The market may grow in the future, but increased environmental concerns due to carbon emissions could slow it down.
Construction and Infrastructure activities around the world are major factors driving global calcined coke demand. Rapid industrialization is driving the cement market in emerging economies. Further, green petroleum coke, a coal substitute, is also used in power generation processes. This further boosts the market.
Calcined petroleum coke is used for energy in various manufacturing process, including metal production and electricity generation. It has a higher energy value than coal. It is non-toxic, safe to handle, and easy to transport. Therefore, it is a suitable substitute for pulverized coal in blast furnaces for steel production.
In addition to being used as a fuel, calcined oil coke can be used to make asphalt, bricks, or glass. It is also used in the production of liquid fuels, such as jet-fuel and diesel. In addition, it is used to make paints & coats, fertilisers, aluminium and other products. In addition, calcined petrol coke is used as a key ingredient in the manufacturing of graphite electrodes for electric-arc furnace (EAF), steel production.
Despite its many uses, the calcined coke market is plagued by problems such as pollution caused by its storage and use. Abrasive texture also increases fire accident risks in silos. It also contains high levels of silt that cause dust to be emitted and pollute waterways. It can also lead to respiratory problems in people.
The global calcined oil coke market is segmented into types, grades, and applications. The product may be divided between fuel-grade and acode-grade coke. The former is used to produce steam and hot-water for other industrial processes in refinery furnaces. It can also be used in metallurgical factories as a substitute to pulverized charcoal in coke oven battery. This is an important raw materials for a variety of metal production, including electric arc-furnace (EAF), steel, nickel and vanadium. It can also be used to produce methanol and Asphalt. Fuel-grade petcoke can also be used to replace natural gas in coal-fired Combined Cycle Gas Turbines. Moreover, petcoke can be used in carbon capture and storage projects.
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