SunCoke Energy Partners LP (SXCP) is piloting a new line of business at its Convent Marine Terminal (CMT) with a US utility customer to transload thermal coal destined for the domestic marketplace.
The Partnership recently received its first in-bound train and estimates the potential 4Q16 opportunity to be 50 000 to 100 000 short t of throughput. Any future volumes will be shipped on a merchant basis and are subject to customer needs.
Since its acquisition in August 2015, Convent Marine Terminal has predominantly handled export-bound thermal coal on behalf of low-cost, Illinois Basin coal miners, and this pilot marks the Partnership’s entrance into the domestic marketplace. The Partnership continues to actively seek ways to expand its customer base and product mix.
“We’re excited to announce our expansion into the domestic thermal coal market at Convent,” said Fritz Henderson, Chairman, President and CEO of SunCoke Energy Partners, L.P. “While we’re still in the early stages of this initiative, we look forward to working collaboratively with our new customer in supporting their logistics needs.”
In addition, SXCP announced it is in the final stage of commissioning its new, state-of-the-art shiploader, and expects it to be fully operational by the end of November. The new shiploader, which is the largest fixed-tower shiploader in the world, will increase the terminal’s annual loading capacity by 50% to 15 million short tpy.
Henderson continued: “We are proud of the work done by our people to finish the final phase of our modernidation program, and look forward to further broadening the range of products and services we provide at Convent with the goal of securing additional new business.”
CMT is one of the largest terminals on the US Gulf Coast and the only one in the region that provides direct rail access and is dredged to accommodate cape-sized ocean vessels. It is located on the Lower Mississippi River, has 1.5 million short t of ground storage and unique inbound and outbound capabilities that provide a cost-effective option for transloading a range of bulk materials and liquids.
Read the article online at: https://www.drybulkmagazine.com/ports-terminals/20102016/suncoke-energy-pilots-new-business-line-at-its-convent-marine-terminal/
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