SunCoke Energy, Inc. Issues 2023 Sustainability Report

Rhea-AI Summary

SunCoke Energy, Inc. (SXC) releases its 2023 Sustainability Report, highlighting its commitment to innovation, safety, and environmental efficiency in coke production for steelmaking. The report emphasizes SunCoke's role in sustainable energy infrastructure and community contributions.

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• SunCoke Energy, Inc. (SXC) publishes its 2023 Sustainability Report showcasing innovation and continuous improvement.
• The report underscores SunCoke's importance in the steel value chain for sustainable energy solutions.
• SunCoke's focus on occupational health and safety is evident with a Total Recordable Incident Rate (TRIR) lower than the industry average.
• Investment of $94.5 million in maintenance and growth capital to ensure safe, efficient, and environmentally compliant facilities.
• SunCoke's heat-recovery coke-making process exceeds EPA standards, converting heat into steam/electricity for sale.
• President Katherine Gates acknowledges strong operational and financial performance, thanking the SunCoke team for their dedication.

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LISLE, Ill.--(BUSINESS WIRE)-- SunCoke Energy, Inc. (NYSE: SXC), the largest independent producer of high-quality coke in the Americas, has published its 2023 Sustainability Report. Coke is a key ingredient in the production of blast furnace steel, which will be a critical material in the ongoing energy transition. As such, SunCoke forms an essential part of the supply chains that depend on steel to build sustainable energy infrastructure and solutions.

This year’s Sustainability Report showcases our culture of innovation and continuous improvement across our Sustainability Foundations. We are committed to implementing and advancing initiatives that allow us to maintain our role as a critical part of the steel value chain and a positive contributor to the communities in which we operate.

Occupational health and safety remained our top priority in 2023, and we continue to have a Total Recordable Incident Rate (TRIR) that is lower than the industry average.

“In addition to our diligent attention to our safety performance, our operational and financial performance remained strong in 2023. We invested $94.5 million in maintenance and growth capital to ensure that our facilities are safe, efficient, reliable, and environmentally compliant, and to advance our growth projects. I want to thank the SunCoke team for their effort and dedication throughout the year,” said Katherine Gates, President of SunCoke.

SunCoke’s heat-recovery coke-making process leads the industry with environmentally efficient and advanced technology, setting the U.S. Environmental Protection Agency's (EPA) Maximum Achievable Control Technology (MACT) standards. Our process converts heat generated during the coking process into steam and/or electricity, which is sold to customers or the grid.

Gates continued, “As we look ahead, we continue to think strategically about the long-term energy transition, focusing on further integrating sustainability into our business while assisting our customers in meeting their sustainability goals.”

ABOUT SUNCOKE ENERGY, INC.

SunCoke Energy, Inc. (NYSE: SXC) supplies high-quality coke to domestic and international customers. Our coke is used in the blast furnace production of steel as well as the foundry production of casted iron, with the majority of sales under long-term, take-or-pay contracts. We also export coke to overseas customers seeking high-quality product for their blast furnaces. Our process utilizes an innovative heat-recovery technology that captures excess heat for steam or electrical power generation and draws upon more than 60 years of cokemaking experience to operate our facilities in Illinois, Indiana, Ohio, Virginia and Brazil. Our logistics business provides export and domestic material handling services to coke, coal, steel, power and other bulk customers. The logistics terminals have the collective capacity to mix and transload more than 40 million tons of material each year and are strategically located to reach Gulf Coast, East Coast, Great Lakes and international ports. To learn more about SunCoke Energy, Inc., visit our website at www.suncoke.com.

FORWARD-LOOKING STATEMENTS

This press release contains “forward-looking statements” (as defined in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended). Forward-looking statements often may be identified by the use of such words as "believe," "expect," "plan," "project," "intend," "anticipate," "estimate," "predict," "potential," "continue," "may," "will," "should," or the negative of these terms, or similar expressions. However, the absence of these words or similar expressions does not mean that a statement is not forward-looking. Any statements made in this press release that are not statements of historical fact are forward-looking statements and should be evaluated as such. Forward-looking statements represent only our beliefs regarding future events, many of which are inherently uncertain and involve significant known and unknown risks and uncertainties (many of which are beyond the control of SunCoke) that could cause our actual results and financial condition to differ materially from the anticipated results and financial condition indicated in such forward-looking statements. These risks and uncertainties include, but are not limited to, the risks and uncertainties described in Item 1A (“Risk Factors”) of our Annual Report on Form 10-K for the most recently completed fiscal year, as well as those described from time to time in our other reports and filings with the Securities and Exchange Commission (SEC).

In accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, SunCoke has included in its filings with the SEC cautionary language identifying important factors (but not necessarily all the important factors) that could cause actual results to differ materially from those expressed in any forward-looking statement made by SunCoke. For information concerning these factors and other important information regarding the matters discussed in this press release, see SunCoke's SEC filings, copies of which are available free of charge on SunCoke's website at www.suncoke.com or on the SEC's website at www.sec.gov. All forward-looking statements included in this press release are expressly qualified in their entirety by such cautionary statements. Unpredictable or unknown factors not discussed in this press release also could have material adverse effects on forward-looking statements.

Forward-looking statements are not guarantees of future performance, but are based upon the current knowledge, beliefs and expectations of SunCoke management, and upon assumptions by SunCoke concerning future conditions, any or all of which ultimately may prove to be inaccurate. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. SunCoke does not intend, and expressly disclaims any obligation, to update or alter its forward-looking statements (or associated cautionary language), whether as a result of new information, future events, or otherwise, after the date of this press release except as required by applicable law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240328791765/en/

Investor/Media Inquiries:

Sharon Doyle

Manager, Investor Relations

(630) 824-1907

Source: SunCoke Energy, Inc.

FAQ

What is the ticker symbol for SunCoke Energy, Inc.?

The ticker symbol for SunCoke Energy, Inc. is SXC.

What does the 2023 Sustainability Report highlight?

The 2023 Sustainability Report emphasizes SunCoke's commitment to innovation, safety, and environmental efficiency in coke production for steelmaking.

How does SunCoke contribute to sustainable energy infrastructure?

SunCoke plays a critical role in supply chains that rely on steel to build sustainable energy infrastructure and solutions.

What is SunCoke's approach to occupational health and safety?

SunCoke prioritizes occupational health and safety, maintaining a Total Recordable Incident Rate (TRIR) lower than the industry average.

What investment did SunCoke make in 2023?

SunCoke invested $94.5 million in maintenance and growth capital to ensure safe, efficient, and environmentally compliant facilities.

How does SunCoke's coke-making process exceed EPA standards?

SunCoke's heat-recovery coke-making process surpasses EPA standards by converting heat into steam and/or electricity for sale.

Who acknowledged the strong performance of SunCoke in 2023?

President Katherine Gates recognized the strong operational and financial performance of SunCoke in 2023, thanking the team for their dedication.