December 5, 2023

Petcock Market Thrives with Diverse Applications in Energy and Industry

The global petcoke market continues to thrive, driven by its wide-ranging applications in the energy and industrial landscapes. Petroleum coke, commonly referred to as petcoke, plays a pivotal role in various industries, from aluminum and steel manufacturing to cement production and electricity generation.

Versatile Raw Material
Petroleum coke, often known as green coke in its raw form, is a solid, porous, high-carbon by-product of oil refining, especially from heavy crudes. Refineries worldwide are increasingly focusing on efficiency and maximizing the extraction of valuable fuels from crude oil barrels, leading to the production of petcoke. This versatile material can range from hard to relatively soft and varies in size from a grain of sand to that of a large marble. Its chemical composition can include a variety of elements and metals in different concentrations. Depending on these characteristics, petcoke finds applications in both energy and industrial sectors.

Fuel Grade Petcoke in High Demand
Approximately 75-80% of petcoke produced globally falls into the lower-grade category, containing higher levels of sulfur and heavy metals, primarily used as fuel. Fuel-grade petcoke boasts a high heating value, produces minimal ash when burned, and serves as a cost-effective substitute for coke used in carbon anodes and graphite electrodes. Its high heat content, typically exceeding 14,000 Btu/lb, and low ash content, typically below 1% by weight, make it an attractive choice for various applications, though its high vanadium and nickel concentrations pose challenges for boiler fuel.

Diverse Industrial Applications
Petroleum coke is an essential commercial product with diverse applications. It plays a crucial role in aluminum manufacturing, where calcined petcoke is vital for anode production. Additionally, it serves as a fuel for electricity generation and finds its place in cement kilns. Other notable applications include steel production, glass manufacturing (owing to its low ash content), and the production of titanium dioxide (used as a pigment and in various products). Calcined petcoke also contributes to paper and pulp production, serving as a whitening agent.

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Environmental Considerations
While petcoke is an exceptionally stable fuel during transportation, its high carbon content results in emissions of up to 10% more CO2 per unit of energy compared to conventional coal. This carbon footprint raises environmental concerns, along with potential local issues during storage. Regulatory bodies, such as the US Environmental Protection Agency, have mandated rules for petcoke storage, including fugitive dust control plans, stormwater pollution prevention plans, and compliance with combustible dust permits.

Global Trade and Key Players
In 2019, trade in petcoke represented 0.12% of total world trade, with a trade volume of $20.9 billion. The United States remains the largest supplier of this heavy oil refining by-product. Notable exporters in 2019 included South Korea, Canada, China, and the UK, while top importers comprised China, India, the EU, Japan, Turkey, Mexico, and Brazil. The American Coke and Coal Chemicals Institute (ACCCI) has played a vital role in advancing industry interests.

Key Players in the Market
Prominent companies contributing to the global petcoke market include ABC Coke, Bathco, Bluestone Coke, British Petroleum, Chevron, ConocoPhillips Company, DTE Energy Services, Essar, ExxonMobil, Gateway Energy & Coke Company, Haverhill Coke Company, India Carbon Limited, Indiana Harbor Coke Company, Jewell Coke Company, Lukoil, Middletown Coke Co., New Chien Te Hang Co., PBF Energy, Oxbow, Phillips 66, Rain Industries, Reliance, Repsol, Shell Tesoro, and Valero.

Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 – By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa):

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This press release first seen on Brilad