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SunCoke Energy Inc. (NYSE: SXC) stands as the largest independent producer of high-quality metallurgical coke in the Americas, boasting over 45 years of production experience. Renowned for its heat recovery cokemaking technology, SunCoke meets or exceeds environmental standards while producing top-tier coke for the market.
The company operates through three primary segments: Domestic Coke, Brazil Coke, and Logistics. In the Domestic Coke segment, SunCoke runs facilities in Jewell, Indiana Harbor, Haverhill, Granite City, and Middletown, producing over 5 million tons of coke annually for integrated steelmakers using blast furnace technology. The Brazil Coke segment encompasses a facility in Vitória, Brazil, operated in partnership with ArcelorMittal. The Logistics segment handles and mixes coal and other aggregates at terminals like Convent Marine Terminal, Lake Terminal, and Kanawha River Terminals.
SunCoke’s innovative heat-recovery technology not only enhances coke quality but also captures excess heat for steam or electrical power generation. This technology, coupled with long-term, take-or-pay contracts, secures consistent revenue and operational stability.
Recently, SunCoke reported record second-quarter 2023 results, driven by strong performance in its cokemaking and logistics segments. The company's domestic coke plants operated at full capacity, delivering excellent results, while the logistics segment faced challenges due to weaker market conditions. SunCoke's financial strength is underscored by a 25% increase in quarterly dividends, reflecting confidence in its future performance.
SunCoke’s logistics business also plays a crucial role in the company’s operations, offering extensive export and domestic material handling services to coke, coal, steel, and other bulk customers. These terminals have the capacity to mix and transload more than 40 million tons of material annually, accessing Gulf Coast, East Coast, Great Lakes, and international ports.
For ongoing updates and detailed information, visit the SunCoke Energy website and follow their press releases, SEC filings, and public conference calls.
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