Press release
Fuel-Grade Petcoke Market - Revolutionary Trends 2028 | Suncor Energy, Repsol, Phillips 66, Oxbow
Global Fuel-Grade Petcoke Market: Overview
Petcoke (a common abbreviation for petroleum coke) has generated considerable interest among hydrocarbon producers and end-use industries as a carbon-rich fuel-producing material, thereby underpinning the steady evolution of the market. While the composition of petcoke varies, fuel-grade material is characterized by high heat and low ash content, making it especially suitable in power producing units.
Get Brochure of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=5151
Fuel-grade coke is popularly increasing in application in cement kilns, blast furnaces, power plants, steel, brick, lime industries, and glass industries. Fuel-grade petcoke is extensively garnering demand in chemical, steel, cement, and power industries. Suppliers, world over, in the fuel-grade petcoke market are focused on offering a wide range of petcokes with consistent quality.
Global Fuel-Grade Petcoke Market: Notable Developments
Development initiatives for producing fuel-grade petcokes in recent years are influenced by the changing mix of feedstock fuel in the aluminum, steel, and titanium smelting industries. This has also impacted the dynamic in the hydrocarbon energy businesses with prominent manufacturers spearheading such initiatives. Following two developments underscore the changing dynamics:
Larsen and Toubro, an internationally prominent infrastructure company, has in March 2019 bagged a mammoth order of nearly US$359 (INR 2,500 Cr) from Tawfiq Coke Products. Under the contract, the company will engage itself in the engineering, procurement, and construction of calcined coke plan. The contract, which is likely to end up by 2022, will see L&T construct and expand fuel-grade coke plant in Sohar, Oman.
Specifically, the company will make anodes used in the smelting industry. Once calcining plant commences operation, the region will see the production of at least 450,000 metric tonnes of calcined petrocoke each year. Of note, BSW Group Holdings will fund the development of the plant.
The above development also bodes well for secondary concerns to the overall environment. This will bring down the volume of exports for green coke and by aluminum smelters and other businesses in the end-use industries.
Get TOC for Detailed Facts and Numbers @ https://www.tmrresearch.com/sample/sample?flag=T&rep_id=5151
A recent pertinent development that can greatly influence the dynamics of the global fuel-grade petcoke market is a recent advances in Asphaltene-removal technology for refiners-- novel noncombustion asphaltene. These refiners play an increasingly important role, given the severe regulatory curbs to contain the abundance of fuel-grade petcokes. These refiners buy petcoke, which will make the best use of fuel-grade petcokes using an environmentally-friendly process.
Some of the prominent companies vying for the top spot in the global fuel-grade petcoke market are Suncor Energy, Repsol, Phillips 66, Oxbow, and Indian Oil Corporation.
Global Fuel-Grade Petcoke Market: Key Growth Dynamics
The rising demand for cost-effective solid substitute fuel is a key factor driving the global fuel-grade petcoke, especially in the cement and power sectors. These industries popularly use blast furnaces for manufacturing iron and steel.
Since fuel-grade petcoke is a byproduct in petroleum processing, the global market has been witnessing an increasing growth impetus from rising oil refining processes in various parts of the world. This rides on the back of the substantial demand for oil to be used as fuel in several countries.
The advent of blast furnaces using with technically improved designs is a notable trend expected to propel the rapid evolution of the global fuel-grade petcoke market. Such design advancements are notably motivated by concerns of the end-use industries for environmental concerns.
Global Fuel-Grade Petcoke Market: Regional Assessment
A number of developing regions and emerging economies, such as the Middle East and India, are expected to hold enormous potential in the global fuel-grade petcoke market. This in part is attributed to several ventures and agreements for expanding the production capacity of fuel-grade petcokes. Rapidly expanding power and cement productions in the Americas is expected to churn out substantial revenues to the global fuel-grade petcoke market.
About TMR Research
TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.
Contact:
TMR Research,
3739 Balboa St # 1097,
San Francisco, CA 94121
United States
Tel: +1-415-520-1050
Petcoke (a common abbreviation for petroleum coke) has generated considerable interest among hydrocarbon producers and end-use industries as a carbon-rich fuel-producing material, thereby underpinning the steady evolution of the market. While the composition of petcoke varies, fuel-grade material is characterized by high heat and low ash content, making it especially suitable in power producing units.
Get Brochure of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=5151
Fuel-grade coke is popularly increasing in application in cement kilns, blast furnaces, power plants, steel, brick, lime industries, and glass industries. Fuel-grade petcoke is extensively garnering demand in chemical, steel, cement, and power industries. Suppliers, world over, in the fuel-grade petcoke market are focused on offering a wide range of petcokes with consistent quality.
Global Fuel-Grade Petcoke Market: Notable Developments
Development initiatives for producing fuel-grade petcokes in recent years are influenced by the changing mix of feedstock fuel in the aluminum, steel, and titanium smelting industries. This has also impacted the dynamic in the hydrocarbon energy businesses with prominent manufacturers spearheading such initiatives. Following two developments underscore the changing dynamics:
Larsen and Toubro, an internationally prominent infrastructure company, has in March 2019 bagged a mammoth order of nearly US$359 (INR 2,500 Cr) from Tawfiq Coke Products. Under the contract, the company will engage itself in the engineering, procurement, and construction of calcined coke plan. The contract, which is likely to end up by 2022, will see L&T construct and expand fuel-grade coke plant in Sohar, Oman.
Specifically, the company will make anodes used in the smelting industry. Once calcining plant commences operation, the region will see the production of at least 450,000 metric tonnes of calcined petrocoke each year. Of note, BSW Group Holdings will fund the development of the plant.
The above development also bodes well for secondary concerns to the overall environment. This will bring down the volume of exports for green coke and by aluminum smelters and other businesses in the end-use industries.
Get TOC for Detailed Facts and Numbers @ https://www.tmrresearch.com/sample/sample?flag=T&rep_id=5151
A recent pertinent development that can greatly influence the dynamics of the global fuel-grade petcoke market is a recent advances in Asphaltene-removal technology for refiners-- novel noncombustion asphaltene. These refiners play an increasingly important role, given the severe regulatory curbs to contain the abundance of fuel-grade petcokes. These refiners buy petcoke, which will make the best use of fuel-grade petcokes using an environmentally-friendly process.
Some of the prominent companies vying for the top spot in the global fuel-grade petcoke market are Suncor Energy, Repsol, Phillips 66, Oxbow, and Indian Oil Corporation.
Global Fuel-Grade Petcoke Market: Key Growth Dynamics
The rising demand for cost-effective solid substitute fuel is a key factor driving the global fuel-grade petcoke, especially in the cement and power sectors. These industries popularly use blast furnaces for manufacturing iron and steel.
Since fuel-grade petcoke is a byproduct in petroleum processing, the global market has been witnessing an increasing growth impetus from rising oil refining processes in various parts of the world. This rides on the back of the substantial demand for oil to be used as fuel in several countries.
The advent of blast furnaces using with technically improved designs is a notable trend expected to propel the rapid evolution of the global fuel-grade petcoke market. Such design advancements are notably motivated by concerns of the end-use industries for environmental concerns.
Global Fuel-Grade Petcoke Market: Regional Assessment
A number of developing regions and emerging economies, such as the Middle East and India, are expected to hold enormous potential in the global fuel-grade petcoke market. This in part is attributed to several ventures and agreements for expanding the production capacity of fuel-grade petcokes. Rapidly expanding power and cement productions in the Americas is expected to churn out substantial revenues to the global fuel-grade petcoke market.
About TMR Research
TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.
Contact:
TMR Research,
3739 Balboa St # 1097,
San Francisco, CA 94121
United States
Tel: +1-415-520-1050
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage
to this press release on woodPRI. woodPRI disclaims liability for any content contained in
this release.
Recommend
/newsMicroencapsulation Market Deep Analysis on Key Players - Dow Corning, Encapsys, Syngenta Crop Protection, Evonik Industries, 3M and Bayer
Market Study Report Adds Global Microencapsulation Market Size, Status and Forecast 2024 added to its database. The report provides key statistics on the current state of the industry and other analytical data to understand the market.
Extensive research is required for choosing the appropriate cor...
/newsGermany Airbag Market Size 2023: Global Share, Industry And Report Analysis By 2030 | Hyundai Mobis Co., Ltd. Key Safety Systems, Inc. Robert Bosch GmbH
Germany airbag market is expected to grow at a CAGR of around 6% during the forecast period. Germany Airbag Market research report refers to gathering and analyzing significant market data serve as best medium for various industry players to launch novel product or service. It is vital for key firms...
/newsSecurities Brokerages And Stock Exchanges Market Outlook 2021: Big Things are Happening
A new intelligence report released by HTF MI with title "Global Securities Brokerages And Stock Exchanges Market Survey & Outlook" is designed covering micro level of analysis by Insurers and key business segments, offerings and sales channels. The Global Securities Brokerages And Stock Exchange...
/newsRenewable Chemicals Market Emerging Trends and Competitive Landscape Forecast to 2028
The renewable chemicals market was valued at US$ 80,566.30 million in 2021 and is projected to reach US$ 1,76,750.76 million by 2028 it is expected to grow at a CAGR of 11.9% from 2021 to 2028. The research report focuses on the current market trends, opportunities, future potential of the market, a...
/newsHow Coronavirus is Impacting Cold Brew Coffee, Global Market Volume Analysis, Size, Share and Key Trends 2020-2026
"Market Latest Research Report 2020:
Los Angles United States, February 2020: The Cold Brew Coffee market has been garnering remarkable momentum in the recent years. The steadily escalating demand due to improving purchasing power is projected to bode well for the global market. QY Research's lates...
/newsCorporate E-Learning Market - Global Industry Size, Share, Key Players Analysis that are Infor, SkillSoft Corporation, Adrenna, CERTPOINT Systems and others with Regional Forecast to 2022
Overview:
E-Learning is used to enhance the learning procedures for newer job requirements and to make employees sound about the internal and external changes in the market and respective organizations. This method has created considerable differences in the ways of training and developing employee...
