Top 11 Petroleum Coke Companies in the World

The global petroleum coke market reached a value of US$ 25.3 Billion in 2023. As per the analysis by IMARC Group, the top petroleum coke companies are focusing on providing better customer service. The increasing adoption of fuel-grade coke in the power and cement industries is significantly contributing to the market. In line with this, the rising demand for anode-grade coke in the aluminum industry is positively influencing the market. Rapid industrialization and urbanization in emerging countries are further catalyzing the market. Furthermore, the expanding refinery capacity to meet the accelerating demand for refined petroleum products is propelling the market. Apart from this, the high calorific value and low ash content of petroleum coke and the easy availability of petroleum coke as a byproduct of crude oil refining are fueling the market. Moreover, the growing demand for pet coke in the steel industry and continual advancements in technology for processing and utilizing petroleum coke are strengthening the market. Besides, the escalating demand for fuel-grade coke as a substitute for coal in power generation is providing a boost to the market. By 2032, the market value is projected to reach US$ 45.2 Billion, growing at a CAGR of 6.5% during 2024-2032.

Learn about opportunities, challenges, and trends in the global Petroleum Coke market with IMARC’s market research report. Try a free sample today!

List of Top Companies Operating in the Petroleum Coke Industry:

The global petroleum coke market has several major players, including BP p.l.c., Chevron Corporation, ConocoPhillips Company, Exxon Mobil Corporation, HPCL-Mittal Energy Limited, Indian Oil Corporation Ltd., Marathon Petroleum Corporation, Shell plc, Saudi Aramco Group, Trammo, Inc. and Valero Energy Corporation (VLO). More information about these companies has been provided below.

1. BP p.l.c.

BP p.l.c. is a British global oil and gas company headquartered in London, United Kingdom. It is one of the largest companies measured by revenues and profits. It operates in all oil and gas industry areas, including exploration and extraction, refining, distribution and marketing, power generation, and trading. The company manufactures petroleum coke as a byproduct of its refining operations. It has also pledged to reduce its greenhouse gas emissions and transition to cleaner forms of energy in the coming years.

2. Chevron Corporation

Chevron Corporation is an American global energy corporation working predominantly in the oil and gas industry. It manufactures petroleum coke as a byproduct of its refining operations. The company produces and sells petroleum coke as a fuel source for industrial processes like cement manufacturing and power generation. The company is headquartered in San Ramon, California, and is active in over 180 countries.

3. ConocoPhillips Company

ConocoPhillips Company is an American global company based in the Energy Corridor district of Houston, Texas. It is engaged in hydrocarbon exploration and production. It sells petroleum coke to customers in various industries, including cement manufacturing, power generation, and steelmaking. It operates in 15 countries and has production in the United States, Norway, Canada, Australia, Indonesia, Malaysia, Libya, China, and Qatar.

4. Exxon Mobil Corporation

ExxonMobil Corporation is an American global oil and gas company headquartered in Spring, Texas, United States. The company is one of the largest non-government-owned company in the energy industry. It is vertically integrated across the oil and gas industry, and within it is also a chemicals division that manufactures plastic, synthetic rubber, and other chemical products. It also produces and sells petroleum coke as a fuel source to customers in various industries, including power generation, cement manufacturing, and steelmaking.

5. HPCL-Mittal Energy Limited

HPCL produces superior petroleum and petrochemical products for its customers. The company was founded in 2007 and is headquartered in Noida. It was formed as a public-private partnership joint venture between the Fortune 500 company HPCL and MEIL. The company has a Guru Gobind Singh refinery at Bhatinda, ideally positioned to respond to the country's ever-changing energy demand. The refinery has been developed to manufacture high-value-added petroleum products fulfilling a demand-driven market.

6. Indian Oil Corporation Ltd.

Indian Oil Corporation Limited was established in 1959 and is headquartered in New Delhi. The company is involved in refining, transporting pipelines, marketing petroleum products, and refining and producing crude oil, natural gas, and petrochemicals. It is an Indian central public sector venture under the privilege of the Ministry of Petroleum and Natural Gas, Indian Government. The Ministry of Petroleum and Natural Gas supervises the company's operations.

7. Marathon Petroleum Corporation

Marathon Petroleum Corporation is an American company involved in refining, marketing, and transportation. It was a wholly owned subsidiary of Marathon Oil until a corporate spin-off in 2011. This midstream business owns and manages collection, processing, fractionation assets, and logistics and transportation infrastructure for crude oil and light products. It offers petroleum, petrochemicals, and gasoline products to its customers. The company became the largest petroleum refinery operator in the United States after it acquired Andeavor in 2018. The marketing strategy of Marathon Petroleum involves branded places, such as Marathon branded outlets, throughout the United States.

8. Shell plc

Shell plc is a British global company headquartered in London, United Kingdom. The company is the second largest investor-owned oil and gas company by revenue and among the world's largest businesses out of any industry. The company is active in every oil and gas industry area, including exploration, production, transport, distribution and marketing, petrochemicals, refining, power generation, and trading. It offers its customers various products such as LNG, lubricants, natural gas, petrochemicals, and petroleum.

9. Saudi Aramco Group

Saudi Aramco is a Saudi Arabian public petroleum and natural gas company founded in 1933 and headquartered in Dhahran, Saudi Arabia. In 2022, it became one of the world’s largest companies by revenue and has achieved the largest annual profits in corporate history. It operates Master Gas System, the world's largest single hydrocarbon network. It offers various products to its customers, such as natural gas, petroleum, and petrochemical derivatives.

10. Trammo, Inc.

Trammo, Inc. is engaged in the international commerce, trade, transportation, distribution, and marketing of the raw materials critical to the fertilizer, mining, and petrochemical industries. It offers various products to its customers, such as anhydrous ammonia, sulfur, sulfuric acid, finished fertilizers, petroleum coke, and nitric acid. It also has offices in Europe, Asia, North America, South America, the Middle East, and South Africa.

11. Valero Energy Corporation (VLO)

Valero Energy Corporation is an American downstream petroleum company headquartered in San Antonio, Texas, United States. It manufactures and markets transportation fuels, other petrochemical products, and power. One of the biggest retailers in the USA, Valero operated 6,800 retail and branded wholesale locations under the Valero, Diamond Shamrock, Shamrock, Beacon, and Texaco brands in the US, Canada, the UK, and the Caribbean.

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