Here is an Update on new coker additions status of another of Spains cokers (one of 3 new additions) at Petronor. Petronor is beginning to shift out of the Planning and into the EPC stage and recent release shows FW gets the Coker and Handling facilities EPC contract.
Spain is a big customer for US 6.5% Sulfur fuel coke – so the new additions like Petronor’s coker to Spains two existing fuel cokers will reduce demand for US exports at a time when US Midwest & Gulf is adding significant new fuel coke production capacity. The market is currently in a pre-crash position since high prices have pushed market past a price correction and into demand destruction across several consuming markets like cement & power.
Regards
Charlie Randall
Independent Coker Consultant
charlierandall01@msn.com
281-813-2669
