WARSAW: Fuel group Lotos signed a ten-year agreement for selling coke from its to-be built delayed coking unit (DCU) to Oxbow Energy Solutions, a deal of an estimated value of PLN 1.05 billion, Lotos said in a market filing.
Lotos will be selling the entire production of coke from the DCU, an estimated 350,000 tons annually, the firm said. The price of coke will be set on the basis of the Pace Petroleum Coke Quarterly report drafter by Jacobs Consultancy, Lotos said.
Lotos will build the delayed coking unit, as well as installations for hydrogen production, gasoline refining, and hydrowax distillation, in the frame of the PLN 2.3 billion EFRA (effective refining) project. The firm hopes that the investment will increase its refining margin by USD 2.
