SunCoke Energy Partners piloting new thermal coal transloading business
SunCoke Energy Partners is piloting a new line of business at its Convent Marine Terminal 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 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. 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.