Coral Energy’s comprehensive and innovative approach to commodity markets extends beyond liquid hydrocarbons. Our dry bulk desk has actively been growing the company’s business in coal, fertilizers, sulfur, and petcoke.
In terms of volume, coal continues to be the leading commodity in global consumption. It remains indispensable in certain industries, such as metals, cement production, and various processing sectors, where specialized grades of coal are essential for their operations.
And despite the world’s long-term commitment to the clean energy transition, the need for coal in energy generation will still be there until coal based generation is phased out. This need has to be met with maximum efficiency, and we serve this need.
75% of the global consumption of coal is taken up by China, India and other countries of the Asian subcontinent with rapidly developing heavy industry.
Coral Energy has established itself as a systemic dependable supplier in the region. Leveraging our sourcing and logistical expertise, we successfully delivered over 7 million tons of coal to our utility and metallurgy customers in 2022.