Market News
Petroleum Coke (Petcoke) Market: Key Developments
- On January 6, 2023, Phillips 66 American energy company and DCP Midstream, LP a midstream petroleum services, reached an agreement for each standard unit representing a limited partner interest in DCP Midstream, boosting its economic holding in the firm to 86.8%. It will assist the firm in growing and, in certain aspects, increasing petroleum coke (petcoke) Market productivity.
- On August 2, 2022, bp oil and gas company and Eni Itlain energy company announced that Azule Energy, the new 50/50 independent joint venture combining the two companies’ Angolan businesses, was officially established
- On June 20, 2022, ExxonMobil and Texas A&M University collaborated to develop a technique that will transform petroleum coke, a byproduct of crude oil refining, into graphene through a chemical process known as electrochemical exfoliation
- In February 2022, Reliance Industries Ltd Indian multinational conglomerate announced plans to generate blue hydrogen to convert petroleum coke to synthesis gas