Today, SunCoke Energy Partners, L.P. (NYSE: SXCP) announced it
is piloting a new line of business at its Convent Marine Terminal
(“CMT”) with a U.S. utility customer to transload thermal coal
destined for the domestic marketplace. The Partnership recently
received its first in-bound train and estimates the potential Q4
2016 opportunity to be 50,000 to 100,000 tons 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 Chief Executive Officer 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 percent to 15
million tons.
Henderson continued, “We are proud of the work done by our
people to finish the final phase of our modernization 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.”
SXCP’S COAL LOGISTICS PLATFORM
The Convent Marine Terminal is one of the largest terminals on
the U.S. Gulf Coast and the only one in the region that provides
direct rail access and is dredged to accommodate cape-sized ocean
vessels. Its location on the Lower Mississippi River, 1.5 million
tons of ground storage and unique inbound and outbound capabilities
provide a cost-effective option for transloading a range of bulk
materials and liquids.
SXCP’s network of coal logistics terminals is strategically
located to reach Gulf Coast, East Coast, Great Lakes and
international ports, and has 40 million tons of annual transloading
capacity. Its assets, coal blending expertise and unique access to
the Norfolk Southern, Canadian Northern and CSX rail networks offer
flexibility and efficiency for receiving and delivering coal by
river barge, ocean vessel, truck and rail.
RELATED COMMUNICATIONS
SXCP will host its quarterly earnings call at 10:00 a.m.
Eastern Time (9:00 a.m. Central Time) on October 20, 2016. The
conference call will be webcast live and archived for replay in the
Investors section of www.suncoke.com. Investors may participate in
this call by dialing 1-866-393-4306 in the U.S. or 1-617-826-1698
if outside the U.S., confirmation code 89771946.
ABOUT SUNCOKE ENERGY PARTNERS, L.P.
SunCoke Energy Partners, L.P. (NYSE: SXCP) is a publicly traded
master limited partnership that manufactures high-quality coke used
in the blast furnace production of steel and provides export and
domestic coal handling services to the coke, coal, steel and power
industries. In our cokemaking business, we utilize an innovative
heat-recovery technology that captures excess heat for steam or
electrical power generation and have long-term, take-or-pay coke
contracts that pass through commodity and certain operating costs.
Our coal handling terminals have the collective capacity to blend
and transload more than 40 million tons of coal each year and are
strategically located to reach Gulf Coast, East Coast, Great Lakes
and international ports. SXCP’s General Partner is a wholly owned
subsidiary of SunCoke Energy, Inc. (NYSE: SXC), which has more than
50 years of cokemaking experience serving the integrated steel
industry. To learn more about SunCoke Energy Partners, L.P., visit
our website at www.suncoke.com.
FORWARD-LOOKING STATEMENTS
Some of the statements included in this press release constitute
“forward-looking statements.” Forward-looking statements include
all statements that are not historical facts and 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. Forward-looking statements are inherently
uncertain and involve significant known and unknown risks and
uncertainties (many of which are beyond the control of SXCP) that
could cause actual results to differ materially.
Such risks and uncertainties include, but are not limited to,
domestic and international economic, political, business,
operational, competitive, regulatory, and/or market factors
affecting SXCP, as well as uncertainties related to: pending or
future litigation, legislation or regulatory actions; liability for
remedial actions or assessments under existing or future
environmental regulations; gains and losses related to acquisition,
disposition or impairment of assets; recapitalizations; access to,
and costs of, capital; the effects of changes in accounting rules
applicable to SXCP; and changes in tax, environmental and other
laws and regulations applicable to SXCP’s businesses.
Forward-looking statements are not guarantees of future
performance, but are based upon the current knowledge, beliefs and
expectations of SXCP management, and upon assumptions by SXCP
concerning future conditions, any or all of which ultimately may
prove to be inaccurate. The reader should not place undue reliance
on these forward-looking statements, which speak only as of the
date of this press release. SXCP 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.
SXCP has included in its filings with the Securities and
Exchange Commission 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 SXCP. For information
concerning these factors, see SXCP’s Securities and Exchange
Commission filings such as its annual and quarterly reports and
current reports on Form 8-K, copies of which are available free of
charge on SXCP’s website at www.suncoke.com. 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 release also could have
material adverse effects on forward-looking statements.
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version on businesswire.com: http://www.businesswire.com/news/home/20161019005308/en/
SunCoke Energy Partners, L.P.Investors:Kyle Bland, (630)
824-1987orMedia:Steve Carlson, (630) 824-1783
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