PETROLEUM COKE (PETCOKE)
Building sustainability in resource utilization.
Global Annual production is around 140 million metric tons (MT). 1WEC is one of the leading traders in this market. For our partner refiners ( including ExxonMobil, Valero, Chevron, British Petroleum, PBF Energy, Phillips 66, Tesoro, Essar, Reliance and Shell), storage capacity of this by-product is a key concern and petcoke needs to be moved out efficiently. For end users, security of supply and reliability of delivery is important. With its logistical capabilities and activities in trade and transportation of other industrial commodities, 1WEC is well positioned as a strategic partner to satisfy these requirements. Petroleum coke sales are typically structured as short-term fixed price contracts or spot-fixed price (cargo-by-cargo or month-by-month) contracts.
- Like Sulfur, Petroleum coke (“petcoke”) is a by-product of crude oil refining.
- The coking processes produce “green coke” which is then further processed into two main products, calcined petcoke and fuel grade petcoke.
- Petcoke quality varies by refinery, depending on crude quality and coking technology, with such variables as sulfur content affecting product value.
|Total Moisture||10 to 13%|
|Ash (dry basis)||0.15 to 4.5%|
|Volatile Matter (dry basis)||8.0 to 13.5%|
|Sulphur (dry basis)||5.7 to 6.8%|
|*HGI (dry basis)||40 to 66|
|*Btu/lb (dry basis)||14,500 to 15,500|
* Hargrove Grindability Index (HGI)
British thermal units per pound (Btu/lb)
- Complete end to end connectivity to all major refining partners through the following –
- Calcined petcoke (approximately 25% of production) is used for making anodes for aluminum smelting,
- The dioxide industry
- Production of steel and titanium.
- The vast majority of the 35 million MT of calcined petcoke produced is traded directly by producers to end users with very little being traded.
- Fuel grade petcoke (approximately 75% of production) makes up most of the petcoke traded internationally.
- While petcoke serves as a carbon source for the production of aluminum or steel, the majority of it is used as an energy source to create fuel for producing electricity or firing cement kilns.