What is Petroleum Coke? Petroleum coke, also known as coke or petcoke, is a final carbon-rich solid material that is derived from oil refining and is one type of the group of fuels referred to as cokes. Petcoke is the coke that is derived from a final cracking process (a thermo-based chemical engineering process that splits long-chain hydrocarbons of petroleum into shorter chains) that takes place in units termed coker units. Petcoke has many industrial uses, including the production of batteries, cement, steel, and aluminium. Petcoke serves as a carbon source for producing aluminium or steel. Majority of it is used as an energy source to create fuel for producing electricity or firing cement kilns. Given its history of safe storage, handling and transportation, as well as its low toxicity, petcoke has taken off as a globally traded commodity. Technavio’s analysts forecast the global petcoke market to grow at a CAGR of 10.29 percent over the period 2014-2019. The Global Petroleum Coke Market is valued at $16,680 million in 2016 and is expected to reach $29,648 million by 2023, registering a CAGR of 8.6% during the forecast period 2017-2023. Types of Petcoke 1) Needle Coke: Needle coke is also called acicular coke. It is a highly crystalline petroleum coke used in the production of electrodes for the steel and aluminium industries and is particularly valuable because the electrodes must be replaced regularly. Needle coke is produced exclusively from either FCC decant oil or coal tar pitch. 2) Honeycomb Coke: Honeycomb coke is an intermediate coke, with ellipsoidal pores that are uniformly distributed. Honeycomb coke has a lower coefficient of thermal expansion and a lower electrical conductivity compared to needle coke. 3) Sponge Coke: The sponge coke is the most common type of regular-grade petcoke, mostly used as a solid fuel. Sponge coke is named for its sponge-like appearance and is produced from Vacuum Reduced Crude (VRC) with a low to moderate asphaltene concentration. 4) Shot Coke: Shot coke is composed of precipitated asphaltenes. Asphaltenes are large hydrocarbon molecules that are dispersed in the lighter aromatic and paraffinic oils in vacuum residuum.

Our trade process spreads across CIF, FOB, TTO, and TTT, depending on the buyer’s preference. Here’s what they entail: 1). Cost Insurance and Freight (CIF): Here, the seller will handle everything from loading the vessel, paying for insurance, and sending the product to wherever the buyer wants it delivered. 2). Freight On Board (FOB): Here, the seller pays for the transportation of the goods to the port of shipment, plus loading costs, while the buyer pays the cost of marine freight transport, insurance, unloading, and transportation from the originating port to the final destination. 3). Tanker Take Over (TTO): Here, the buyer will take over the vessel, offload the product at their destination, and return it. 4). Tanker To Tanker (TTT): Here, the buyer uses their own vessel, long sides with the seller’s vessel, and then the cargo is transshipped when the transaction is fully settled.