Conoco Increases Needle Coke Production Without Capital Investment.Business/Energy Editors HOUSTON--(BUSINESS WIRE)--July 22, 2002 Conoco (NYSE NYSE See: New York Stock Exchange :COC See chip on chip. ) said today that by using new technologies the company has increased needle coke production by some ten percent and that its Global Carbon business is evaluating other production process changes to gain additional increases. "We have been very successful in increasing production capacities without the need for capital expenditures," said Richard R. Adams, manager of Conoco's petroleum coke Petroleum coke (often abbreviated petcoke) is a carbonaceous solid derived from oil refinery coker units or other cracking processes.[1] Other coke has traditionally been derived from coal. technology. "Innovation is critical to remaining the global low-cost producer of quality needle coke." Needle coke, produced from low-valued "bottom-of-the-barrel" refinery feedstock, is a crucial element in the manufacture of graphite electrodes used in electric arc furnaces in the steel industry. Adams also said low-capital expansion opportunities at the company's refineries in Lake Charles Lake Charles, city (1990 pop. 70,580), seat of Calcasieu parish, SW La.; inc. 1867. It is located on Lake Charles at the mouth of the Calcasieu River in a rice, timber, oil, and natural gas region. , La., and Humber, U.K., were in the "front end loading Front-End Loading (FEL) is the process for conceptual development of processing industry projects. Example of processing industry are petrochemical, refining, pharmaceutical. Front-End Loading is also referred to as Pre-Project Planning (PPP) or Front-End Engineering Design (FEED). " stages of evaluation and design. Conoco is a major integrated energy company active in more than 40 countries. http://www.conoco.com |
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