+
Indian petcoke imports to surge over double in 2022
Cement

Indian petcoke imports to surge over double in 2022

An official told the media that India's imports of petcoke might be over double this year as competitive prices are pushing cement makers to switch to fuel as an alternative to coal.

Petcoke is more expensive than coal but produces more energy when burnt. It is widely used by the cement industry, which is its largest consumer, as sulphur dioxide emissions are absorbed by limestone.

Global coal prices are at peak highs due to a supply crunch following the European Commission's decision to ban coal imports from Russia after it invaded Ukraine.

Domestic coal supplies to utilities to address a power crisis and increased internal use of domestic petcoke by refineries are contributing to higher imports.

The consumption surged 34% to 4.2 million tonnes (mt) during the March-end quarter, the fastest pace in nearly six years and the first quarterly growth in over two years.

According to Iman Resources, imported petcoke accounted for about half the total consumption during the quarter, with Saudi Arabia and the US accounting for the bulk of shipments.

Indian coal trader I-Energy said that the import of fuel-grade petcoke was slow in 2021 due to the high price and supply crunch. But fuel-grade petcoke is again becoming competitive with coal, and its users are switching from coal to petcoke.

Image Source

Also read: 73% rise in Petcoke import in India in December 2021

An official told the media that India's imports of petcoke might be over double this year as competitive prices are pushing cement makers to switch to fuel as an alternative to coal. Petcoke is more expensive than coal but produces more energy when burnt. It is widely used by the cement industry, which is its largest consumer, as sulphur dioxide emissions are absorbed by limestone. Global coal prices are at peak highs due to a supply crunch following the European Commission's decision to ban coal imports from Russia after it invaded Ukraine. Domestic coal supplies to utilities to address a power crisis and increased internal use of domestic petcoke by refineries are contributing to higher imports. The consumption surged 34% to 4.2 million tonnes (mt) during the March-end quarter, the fastest pace in nearly six years and the first quarterly growth in over two years. According to Iman Resources, imported petcoke accounted for about half the total consumption during the quarter, with Saudi Arabia and the US accounting for the bulk of shipments. Indian coal trader I-Energy said that the import of fuel-grade petcoke was slow in 2021 due to the high price and supply crunch. But fuel-grade petcoke is again becoming competitive with coal, and its users are switching from coal to petcoke. Image Source Also read: 73% rise in Petcoke import in India in December 2021

Related Stories

Gold Stories

Next Story
Products

Interio by Godrej launches modular workplace solutions

Interio by Godrej has launched Workscapes, a modular workplace solutions category designed to help organisations configure and adapt workspaces to changing requirements. The portfolio combines mobile and compatible furniture and support elements that can be rearranged across different work modes without changes to fixed layouts.Workscapes includes Collaboration Tables, Privacy Solutions, Mobile Markerboards and Space Dividers, Power Solutions, Storage and Support Elements, Meeting and Presentation Tools, and Seating Elements. The range is designed for focused work, collaboration, informal disc..

Next Story
Infrastructure Urban

CAFE-III Gives Auto Industry Investment Clarity

The government’s new Corporate Average Fuel Economy (CAFE-III) norms have provided the automobile industry with a clearer framework for technology investments, according to industry representatives. The framework seeks to balance environmental objectives with flexibility for manufacturers while encouraging the adoption of flex-fuel vehicles and biofuels. Society of Indian Automobile Manufacturers (SIAM) President Shenu Agarwal said the five-year framework would give automakers greater predictability to plan investments and accelerate innovation. He said the regulation established annual targ..

Next Story
Infrastructure Energy

Mines Ministry to Auction Two Offshore Mineral Blocks in Andaman Sea

The Ministry of Mines will launch an auction of two offshore mineral blocks in the Andaman Sea on Thursday, seeking to unlock India’s offshore mineral potential and strengthen long-term mineral resource security. The blocks will be offered under a composite licence, which permits exploration and development activities in accordance with the applicable regulatory framework. The ministry said the auction was intended to encourage systematic exploration, attract investment and promote the use of advanced technologies for offshore mineral exploration and development. The initiative is also aimed..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code