Petroleum Coke (Petcoke) Market 2021 Trending Globally with Huge Growth: Sinopec, ExxonMobil, CNPC, Shell, Marathon Oil, Rosneft, Saudi Aramco, Valero, PDVSA, Petrobras, Total, BP

Petroleum Coke (Petcoke) Market Report provides detailed analysis of Growth Factors of the market as well as it gives an analysis of the Market size, Latest trends, SWOT Analysis by Regions and Forecasted market research data until 2026. The Petroleum Coke (Petcoke) market report has studied key opportunities in the market and influencing factors which are useful to the business. The report also maps the qualitative and quantitative impact of various market factors like macro-economic indicators, PPP, Epidemiological data, Insurance scenario and patent and IP information, Government Policies and business regulations along market attractiveness as per segments.

Petroleum Coke (Petcoke) market size (most likely outcome) will be a year-over-year revenue growth rate of XX% in 2021, from US$ 7730.6 million in 2020. Over the next five years the Petroleum Coke (Petcoke) market will register a 19.9% CAGR in terms of revenue, the global market size will reach US$ 15990 million by 2026.

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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Petroleum Coke (Petcoke) Market: Sinopec, ExxonMobil, CNPC, Shell, Marathon Oil, Rosneft, Saudi Aramco, Valero, PDVSA, Petrobras, Total, BP, JXTG, Pemex, Chevron, IOCL and others.

Industry News and Updates:

Axens and ExxonMobil Sign Alliance Agreement to Provide FLEXICOKING™ Technology and Integrated Resid Conversion Solutions

January 14, 2020, HOUSTON-- ExxonMobil announced today that ExxonMobil Catalysts and Licensing LLC and Axens have signed a licensing alliance agreement to allow Axens to provide ExxonMobil’s FLEXICOKING™ technology and integrated resid conversion solutions.

Under the agreement, Axens is granted a worldwide right to market, license and provide engineering work and technical support for the design, construction and start-up of new FLEXICOKING units. The technology will be offered under a single license and engineering agreement to be provided by Axens. This new alliance leverages collective expertise to meet customer needs by providing a resid conversion solution that maximizes liquid yields and minimizes pet-coke production.

FLEXICOKING technology is a commercially proven, cost-effective, continuous fluidized bed process that thermally converts heavy feeds to lighter products and flexigas. FLEXICOKING technology, when integrated with Axens H-Oil technology, offers flexibility when upgrading residuum. It provides smart solutions that enhance high-value liquid products as well as clean flexigas that can be used as fuel substitute or for power generation, making it an ideal option to meet IMO 2020 fuel standards. When configured for power generation, it offers 40 percent lower capital investment vs. a delayed coker combined with pet-coke gasification.

Shell to sell interest in Deer Park refinery to partner Pemex

May 24, 2021: Shell Oil Company, a subsidiary of Royal Dutch Shell plc, has reached an agreement for the sale of its interest in Deer Park Refining Limited Partnership, a 50-50 joint venture between Shell Oil Company and P.M.I. Norteamerica, S.A. De C.V. (a subsidiary of Petroleos Mexicanos, or Pemex). The transaction will transfer Shell’s interest in the partnership, and therefore full ownership of the refinery, to Pemex, subject to regulatory approvals.

The consideration for this transaction is $596 million which is a combination of cash and debt, plus the value of hydrocarbon inventory. This transaction allows Shell to further focus its refining footprint while also maintaining integration optionality and retaining value through its Chemicals and Trading activities.

Global Petroleum Coke (Petcoke) Market Split by Product Type and Applications:

This report segments the market on the basis of Types are:

Needle Coke Type
Shot Coke Type
Sponge Coke Type
Honeycomb Coke Type
Others

On the basis of Application, the market is segmented into:

Power
Cement
Aluminum
Steel
Others

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Regional analysis:

This report covers South America, North America, Europe, Asia Pacific (APAC), Africa and The Middle East, taking into account the clear evidence of where the market is fully examined, typical market examples, blocks and open access roads for power generation. With a huge population, Asia Pacific has revenues in the picture year, and dominates the Petroleum Coke (Petcoke) market share, at any given time. Continuous GDP reform; Institutional progress per capita is becoming urbanized in the metropolitan area. This expanded revenue has led to indulging in top private and unrealistic usage models in the Petroleum Coke (Petcoke) market deployed in the region. While an important piece of the Petroleum Coke (Petcoke) market center around the global expansion of business, territories such as the Middle East and Africa will grow steadily. Big market development will take place in Latin America because of the small expansion producers' attempts at profits. In Europe, a lethargic improvement is expected due to mood-oriented rules and early stages.

Find Out:

Petroleum Coke (Petcoke) market: Where are the opportunities? What does the future look like for Petroleum Coke (Petcoke)? What will be the market size in the next 5 years?
Petroleum Coke (Petcoke) Market trends: What is driving the market? Where are the key players? What are their strategies? What is holding the market behind? Where is the industry heading for in the short and long-term? How are new developments expected to change the market?
Technology: How are new technologies shaping the Petroleum Coke (Petcoke) market?

What are the new revenue channels which companies can explore for growth?       

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Due to the onset of COVID-19 pandemic, several economies across the world have experienced harsh economic downturn. The industrialists across North America, Europe, Asia Pacific, Latin America and Middle East and Africa were facing problems due to changing preferences of the customers and demand fluctuation. The market research report covers pre-Covid-19 data for the Petroleum Coke (Petcoke) market in years 2018 and 2020. Further, the report also covers forecast Covid-19 data from 2021 to 2026, which provides future outlook of the market for the manufacturers and suppliers.

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