SunCoke Energy Announces 2012 Coke Production
01/08/2013 - SunCoke Energy, Inc. reported that fourth quarter 2012 U.S. coke production is expected to be approximately 1,082,000 tons, up an estimated 67,000 tons, or 6.6%, versus the same period in 2011. Additionally, SunCoke Energy Partners announced the launch of an IPO.
SunCoke Energy, Inc. reported that fourth quarter 2012 U.S. coke production is expected to be approximately 1,082,000 tons, up an estimated 67,000 tons, or 6.6%, versus the same period in 2011. Full year 2012 U.S. coke production is projected to be more than 4.3 million tons, an estimated increase of 580,000 tons, or 15.4%, versus prior year. The estimated increase for both periods was driven by its Middletown facility, which produced 153,000 tons and 602,000 tons in fourth quarter and full year 2012, respectively, versus 68,000 tons for both prior year periods.
The company’s total U.S. cokemaking capacity utilization was 101% and 102% in fourth quarter and full year 2012, respectively.
Additionally, SunCoke announced that its wholly-owned subsidiary, SunCoke Energy Partners, L.P., a Delaware limited partnership has launched its initial public offering (IPO) of 13,500,000 common units representing limited partner interests pursuant to a registration statement on Form S-1 filed with the U.S. Securities and Exchange Commission (SEC). The Partnership will grant the underwriters a 30-day option to purchase up to an additional 2,025,000 common units at the IPO price, less underwriting discounts. The common units will be listed on the New York Stock Exchange under the ticker symbol “SXCP”.
SunCoke Energy, Inc. is the largest independent producer of metallurgical coke in the Americas, with 50 years of experience supplying coke to the integrated steel industry. Its advanced, heat recovery cokemaking process produces high-quality coke for use in steelmaking, captures waste heat for derivative energy resale and meets or exceeds environmental standards. Its cokemaking facilities are located in Virginia, Indiana, Ohio, Illinois and Vitoria, Brazil, and its coal mining operations, which have more than 114 million tons of proven and probable reserves, are located in Virginia and West Virginia.
