MOSCOW (MRC) -- Rain Carbon Inc., a leading global producer of carbon-based products, today announced that the company will resume shipments of petroleum coke to its Vizag calcining facility in Visakhapatnam, India, as per Hydrocarbonprocessing.
This follows an October 9 ruling by the Supreme Court of India that exempts calciners from the nation's recent ban on the importation of petroleum coke for use as fuel, which was enacted as part of the country's effort to reduce industrial emissions.
Rain Carbon uses green petroleum coke (GPC) as its primary feedstock in the production of calcined petroleum coke (CPC), which is an essential raw material in the anodes required during the electrolytic process of aluminum production. The company also imports CPC for blending at its Vizag facility. Under the Supreme Court's ruling, India's calcining industry will be permitted to import up to 1.4 million metric tons of GPC annually; the ruling also permits India's aluminum industry to use up to 500,000 tons of imported CPC per year.
"We thank the honorable Supreme Court of India for its expeditious and positive ruling on our petition, which will enable our Vizag facility to continue to support India's growing aluminum industry, which relies on our CPC in their production processes," said Rain Carbon President Gerry Sweeney. "As an industry leader in environmental best practices, Rain Carbon understands and supports India's desire to reduce emissions and industrial pollution."
The industrial processes at Rain Carbon's calcining facilities in India and the United States "are designed to reduce emissions," Sweeney explained. "At our Vizag plant, for example, our scrubbers remove in excess of 98% of the sulfur dioxide before exhaust gases are released into the atmosphere. In addition, our co-generation facility at the plant transforms waste heat from our calcining process into clean electricity that is sold to industrial customers over the local power grid, displacing an equivalent amount of fossil fuel-fired electricity."
Sweeney said the two-and-a-half month import ban will have a negative impact on the third- and fourth-quarter financial performance of Rain Carbon and its parent company, Rain Industries Ltd.
MRC