The use of calcined petrol coke is increasing in the chemical industry, with a rise in demand from steel and aluminium smelters. Calcined Petcoke is dense fuel produced by the coker units of crude oil refining plants. It is a solid black color and contains metals, sulfur, carbon and nonvolatile organic compounds. It is an important byproduct in the chemical industry that can be used for a variety of applications.
The calcined coke market is growing rapidly around the world due to the expansion of the steel industry, improvements in the cement and electricity generation industries, the global expansion of heavy oil supply, and government initiatives addressing environmental concerns. The demand for the calcined coke in the metals sector is also boosted due to the production of electrodes used in electric arc and Induction furnaces. The global calcined coke market can also be segmented by type, end-use and region. The anode grade petroleum coke sector is expected to hold a substantial share of the market, owing to its exceptional electrical conductivity and physical properties. The needle-grade, calcined petroleum is a lucrative market segment. It is widely used in the manufacture of graphite for electric arc or induction based smelting.
A wide range of calcining technologies are used in the manufacture of calcined coke. The shaft calciner uses an electrothermal liquidized bed to convert the coke into a semiliquid state. The resulting coke is high in energy and can then be processed to produce various products. Many rotary ovens are equipped waste heat energy systems that capture hot flue gases that exit countercurrent to the coal bed and use them to produce steam that can either be sold to local plants, or used to create electricity using a steam turbine generator.
The global industry for calcined petroleum is characterized as a highly competitive one, with players vying to increase their production capacity and improve their production processes. To increase market competitiveness, the development of innovative calcining technology and the use alternative energy sources is a key strategy. Companies are also focusing on strengthening the presence of their companies in developing regions as these countries offer potential for future growth. The global calcined petroleum coke is projected to grow at a healthy CAGR in the forecast period, and is likely to reach $10 billion by 2025. Oxbow Corporation and Atha Group are among some of the biggest companies in this industry. The global calcined coke market is highly fragmented. The top 10 players only account for less than 20 percent of the total market share. This is a result of the high investment and technological development required to compete with established players. China and India are expected to continue to drive the growth of calcined petroleum coal. In addition, new smelters that are being built by emerging nations add to the demand of calcined oil coke.
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