73% rise in Petcoke import in India in December 2021
OIL & GAS

73% rise in Petcoke import in India in December 2021

The import of Petcoke in India increased by 73% in December 2021. The import of petcoke (petroleum coke), which is a byproduct of the oil refining process, was 9.87 lakh tonne in December 2021. The figure is 73% more in comparison with the import in December 2020. As per reports, the price of petcoke is becoming competitive with that of coal.

According to the Lavi Coal Info report, there is a 70% increase in the import of petcoke on a monthly basis in December.

As a result of the high prices and rigidity in supply, the import of the fuel-grade petcoke was slow. However, in recent times, fuel-grade petcoke is once again rising in competition with coal. The coal users are switching to fuel-grade petcoke.

In early 2021, in terms of solid fuels, the cheapest source of energy was the US high calorific value coal. However, later during the energy crisis in the global fuel market, the prices of these commodities increased.

The process of these commodities has now been reduced. However, the decrease in the pricing of petcoke was more in comparison with coal. Therefore, it is being given more by the users.

The import of petcoke has increased substantially in the past few months. The total import of petcoke was less than 50% in the last year. The largest user of petcoke is the cement sector but had switched to coal because of its affordability. However, now that the coal prices have increased and petcoke prices have reduced, it is gradually switching back to petcoke.

In December, the US petcoke import was increased by 143% and from Saudi Arabia by 63%.

Image Source

The import of Petcoke in India increased by 73% in December 2021. The import of petcoke (petroleum coke), which is a byproduct of the oil refining process, was 9.87 lakh tonne in December 2021. The figure is 73% more in comparison with the import in December 2020. As per reports, the price of petcoke is becoming competitive with that of coal. According to the Lavi Coal Info report, there is a 70% increase in the import of petcoke on a monthly basis in December. As a result of the high prices and rigidity in supply, the import of the fuel-grade petcoke was slow. However, in recent times, fuel-grade petcoke is once again rising in competition with coal. The coal users are switching to fuel-grade petcoke. In early 2021, in terms of solid fuels, the cheapest source of energy was the US high calorific value coal. However, later during the energy crisis in the global fuel market, the prices of these commodities increased. The process of these commodities has now been reduced. However, the decrease in the pricing of petcoke was more in comparison with coal. Therefore, it is being given more by the users. The import of petcoke has increased substantially in the past few months. The total import of petcoke was less than 50% in the last year. The largest user of petcoke is the cement sector but had switched to coal because of its affordability. However, now that the coal prices have increased and petcoke prices have reduced, it is gradually switching back to petcoke. In December, the US petcoke import was increased by 143% and from Saudi Arabia by 63%. Image Source

Next Story
Infrastructure Transport

Pune To Build Nine Km Link Road Between Highways

The Pune Municipal Corporation (PMC) has decided to appoint an expert to plan the development of a nine km long, 60 metre wide road from Khadi Machine chowk to Wadki chowk as an extension to the Katraj-Kondhwa road to link the Mumbai-Satara and Pune-Solapur national highways. The scheme is intended to divert heavy vehicle traffic away from the city and improve access between the two arterial routes. The project has been prioritised by the PMC and forms part of a larger set of schemes in which 19 roads have been identified for development at a combined cost of Rs 9.82 billion (bn) to address c..

Next Story
Infrastructure Transport

Barabanki Bahraich Six Lane Highway Approved in Uttar Pradesh

The Uttar Pradesh government has approved construction of a new six-lane highway linking Barabanki and Bahraich as part of National Highway 927, and the cabinet has cleared the project. The alignment will pass through Mustafabad and Kaiserganj and extend for about 101.5 km, creating a key corridor for local and long-distance movement. The National Highways Authority of India will oversee the work and has signalled the scheme is intended to strengthen regional connectivity and cross-border access to Nepal. The project carries an estimated total cost of Rs 69,690 million, equivalent to Rs 69.69..

Next Story
Infrastructure Transport

Toll At Kharegaon Likely As Highway Upgrade Nears Completion

A section of the highway at Kharegaon has undergone an upgrade and is approaching completion, and authorities have indicated plans for a toll to be introduced once works finish. The project has focused on strengthening the carriageway, improving drainage and upgrading intersections to enhance safety and capacity. Officials have said the toll will be used to recover construction costs and fund ongoing maintenance. The upgrade included resurfacing of the pavement, widening of certain stretches and installation of modern signage and lighting to reduce accident risk. Contractors completed most ma..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement