Koch Carbon
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Koch Carbon, a subsidiary of Koch Industries, trades and transports petroleum coke, coal, cement, pulp and paper, sulfur and other commodities.[1] A subsidiary of Koch Carbon is the C. Reiss Coal Company, which the company describes as "a leading supplier of coal and related products typically used in industrial applications or to generate electricity."[2]
Operations
On its website, Koch Carbon states that it "operates a network of bulk product import/export terminals, including locations on the U.S. West Coast, Gulf Coast and Great Lakes, as well as northern Europe."[3]
The company also states that "Koch Carbon trades coal derivatives on the over-the-counter markets and is also an active merchant of physical coal in the eastern U.S., including operating a coal terminal on the Big Sandy River in northeastern Kentucky. Capabilities include coal sourcing, sales, risk management, and project financing."[4]
The company states on its website that it "manages logistics for bulk commodities such as coal, petroleum coke, sulfur, aggregate, salt, cement and other materials. We maintain broad relationships with operators of marine vessels, barges and bulk terminals to facilitate product flow. Koch Carbon also trades ocean freight derivatives in the over-the-counter markets."[5]
The company states that it and its affiliates "operate a network of import/export terminals located along the U.S. Pacific Coast, Gulf Coast and Great Lakes, as well as northern Europe. This coverage provides the ability to offer terminal, storage and transportation services on a global scale. Our services include loading and unloading vessels, barges, rail cars and trucks; as well as blending, drying, screening and crushing of material."[6]
The company states that it also operates terminals at:[6]
- Pittsburg, California;
- Long Beach, California;
- Chicago, Illinois; and
- Whichita, Kansas.
Petroleum coke in Detroit
In May 2013 the NYT reported that Koch Carbon owns a three-story pile of petroleum coke covering a city block on the Detroit River, a byproduct of Canada’s oil sands boom. The company sells the high-sulfur and carbon-intensive waste, usually overseas, where it is burned as fuel. The coke comes from a refinery alongside the river owned by Marathon Petroleum, which began selling the waste that is sold to Koch in November 2012. Marathon Petroleum’s plant processes 28,000 barrels a day of the oil sands bitumen.[7]
Articles and resources
References
- ↑ Koch Industries, "Minerals", Koch Industries website, accessed April 2011.
- ↑ Koch Industries, "Minerals", Koch Industries website, accessed April 2011.
- ↑ Koch Carbon, "A Global Network: Coal Trading", Koch Carbon website, accessed April 2011.
- ↑ Koch Carbon, "A Global Network: Bulk Terminal Services", Koch Carbon website, accessed April 2011.
- ↑ Koch Carbon, "A Global Network: Bulk Marine Freight", Koch Carbon website, accessed April 2011.
- ↑ 6.0 6.1 Koch Industries, "Terminals and Operating Locations", Koch Carbon website, accessed April 2011.
- ↑ Ian Austen, "A Black Mound of Canadian Oil Waste Is Rising Over Detroit," NYT, May 17, 2013.
