Petroleum coke, abbreviated coke or petcoke, is a final carbon-rich solid material that derives from oil refining, and is one type of the group of fuels referred to as cokes. Petcoke is the coke that, in particular, derives 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. (Other types of coke are derived from coal.)
How it Works
Origin : various countries
Standard term to buy-sell Petroleum Coke product as :
1. below; 1. S <8% ; Original will be USA, India or Saudi Arabia depends on supply situation.
2. Penalty-Bonus for Specification Guarantee
2.1 GAD8200 without penalty or bonus
2.2 %S will mention maximun %S Guarantee with rejection %S (at loading port testing result)
ex. %S7 max with rejection %S8.
No penalty-bonus in any higher or lower spec.
3. Packaging via supramax (Bulk mode)
4. Indicative price depends on supply situation of each %S and subject to terms & conditions at discharging port.