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Stock impact report

Exports Fuel Investment in U.S. Petcoke Expansions, Upgrades, an Industrial Info News Alert

PBF Energy Inc. Class A (PBF) 
Last pbf energy inc. class a earnings: 2/13 06:30 am Check Earnings Report
US:NYSE Investor Relations: investors.pbfenergy.com
Company Research Source: Business Wire
SUGAR LAND, Texas--(BUSINESS WIRE)--The U.S. Energy Information Administration (EIA) recently reported annual production of U.S. petroleum coke (petcoke) remained relatively unchanged from 2014 through 2023, averaging 46 million tons, according to U.S. Census Bureau data. Petcoke, which is extracted from petroleum during the refining process, isn't a popular product in the U.S. due to its high carbon content, but it is popular overseas because of its high heat content and low price. Indeed, almost 90% of the petcoke produced in the U.S. in 2023 was exported.Industrial Info is tracking more than $830 million worth of active and proposed projects for petroleum-coking units across the U.S., the bulk of which are for unit upgrades.PBF Energy Incorporated (NYSE:PBF) (Parsippany, New Jersey) currently accounts for more investment in petcoke projects than any other parent company, according to Industrial Info's Global Market Intelligence (GMI) Project Database, with a pair of upgrades at Show less Read more
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