Egyptian Refining, Arabian Cement ink pet coke supply deal
The agreement has helped diversify its energy sources, says chief executive officer of ACC, Sergio Alcantarilla
New Cairo-based cement producer and supplier Arabian Cement Company (ACC) will supply 272,155 tonnes (t) of petroleum coke, referred to as pet coke, to Egyptian Refining Company — a subsidiary of Qalaa Holdings.
Chief executive officer of ACC, Sergio Alcantarilla, said in a statement: “This agreement aligns with Arabian Cement Company’s efforts to reduce production costs, and highlight our leading market position in implementing projects and signing agreements with key industry partners."
According to Alcantarilla, the agreement has helped diversify the company's energy sources, resulting in the improvement of its operational performance.
Pet coke is a solid non-volatile residue obtained as the final still product in the distillation of crude petroleum.
It can be used for various activities including for metallurgical processes, carbon electrodes, and as a fuel owing to its purity.
ACC’s cement plant has a capacity to produce 4.5 million t of cement every year.