Skip to content
Coke is a company that moves sales of more than US$1.3 billion every year

Coke is a company that moves sales of more than US$1.3 billion every year

During the Met Coke International Summit, the first international coke summit held in Barranquilla and led by Fenalcarbon, the moves were highlighted for US$1,300 million that Colombian coca production generates annually and little spoken of in the mining and energy industry.

In the words of the president of the board of directors of Fenalcarbón and the Carbocoque Group, Juan Manuel Sánchez, coke is a porous resistant material obtained from an industrial process. When subject to a series of activities and operations Allows to be finally as an input for steel and ferro-alloy production.

According to Sánchez, the product is “Not noticed” in Colombian exports, but it is the seventh in foreign exchange generation, and which reaches more than 25 countriesaccording to Carlos Cante, executive president of Fenalcarbon.

Similarly, in his speech he said that it is important for the Government to continue to promote the development of the national infrastructure with the construction of the coal paddy and the rehabilitation of secondary and tertiary roads in the mining municipalities. Considering the above a group of 20 national companies exports 95% of coke (equivalent to almost 5 million tonnes per year).

“These are part of a supply chain that represents coke companies of various sizes in Cundinamarca, Boyacá and Norte de Santander. Between all of us we help to fill the boats with Colombian coke”, said Sánchez.

On the first day of the summit it was shown that coke is not a type of coal but an industrial product with an export potential that “could be the basis of the re-industrialisation that the national government is talking about”. In fact, for that very reason, they called for it to be included in the discussion of tax reform.

Even Fenalcarbon has since confirmed that For more than 20 years they have been working on gas recirculation in their oven batteries, avoiding CO2 emissions as much as possible. These technologies applied to manufacture coke are being replicated in other industries with the aim of contributing to the environmental protection commitments signed by Colombia before the OECD and in the Paris Agreement.

Regarding the projection of Acerías Paz del Río, one of the “flagship” steel companies, its president, Fabio Galán Sánchez, said that between now and 2048, when the first century of its establishment will be completed, one of the great challenges is to think. the company as a fundamental axis of the construction of the country. “Steel cannot be produced without coke. We are the only integrated steel company in the country, we generate 500,000 tons of steel per year and 22% of the steel of any construction work in Colombia”, he said.