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Petcoke Market 2019 | Top Players are Exxon Mobil Corporation, Royal Dutch Shell, Saudi Aramco, BP, Essar Oil, Reliance Industries, Chevron Corporation

10-03-2019 07:13 PM CET | Energy & Environment

Press release from: Global Market Insights, Inc.

Petcoke Market 2019 | Top Players are Exxon Mobil Corporation,

Petcoke Market is expected to surpass USD 25 billion by 2024.Rapid industrialization across developing countries along with increasing demand for reliable and cost-effective alternate fuels will stimulate the industry growth. In 2017, according to water and power ministry of Pakistan, the Chinese companies are subjected to invest USD 15 billion to construct dozen coal plant across the country over next 15 years.
Russia petcoke market is projected to reach over 5.5 MMT by 2024. Growing number of power stations coupled with increased investment towards aluminium and steel industries will fuel the industry landscape. Upgradation and expansion of existing refineries will further complement the business growth. In 2017, the PJSC Gazprom Neft announced to invest over USD 89.88 million to upgrade and modernize the existing 767,000 tones/year delayed coking
units.

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Increasing demand for manufacturing of graphite anodes & electrodes from aluminium & steel industries will embellish the calcined petcoke market share. Superior fuel properties and low sulphur contents are some of its features which make its adoption preferable over other alternates.
Mexico petcoke market was over 6MMT in 2016.Increasing demand for clean fuel from several industries including cement and power plant along with stringent government norms to curb carbon emissions will augment the industry. In 2014, Isolux and Alstom signed a contract with Federal Electricity Commission of Mexico to convert two 158 MW fuel oil units into petroleum coke unit at Altamira thermoelectric power station.

Petcoke Market, By Application
• By Application
• Power Plants
• Cement Industry
• Steel Industry
• Aluminum Industry

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Positive outlook towards commercial and industrial sector along with growing measures to reduce fossil fuel dependency will drive the India petcoke market share. In 2016, The UAE based Gamma group announced to invest USD 459 Million in the education, health and infrastructure sector of Kerala.
The import of petroleum coke increased by 3.6 times since 2014 due to government cess of USD 4.68 on coal and there by propelling the product demand.

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Key players in petcoke market include: Saudi Aramco, Royal Dutch Shell, Valero, Atha Group, Rain CII, Aminco Resources, Shamokin Carbons, ExxonMobil, Essar Oil, Bharat Petroleum, Valero, Carbograf, Oxbow, Marathon Petroleum, Reliance, BP, Husky Energy, HPCL-Mittal, Indian Oil and Cocan Graphite Trammo.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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