China's green petroleum coke (GPC) consumption is likely to expect a 20,000-30,000mt/month loss from Zhejiang Glass Co Ltd, one large-scale GPC consumer in the country, C1 learned.
The company is rumored to go bankruptcy or to be merged into a state-owned enterprise due to liability issues, according to sources from domestic GPC market.
But sources with Zhejiang Glass Co Ltd denied the rumors, saying that its GPC consumption remained unchanged by far.
The company normally takes in GPC as burning fuels. It consumes cargoes with below 1.5% of sulfur contents, including both homemade and imported cargoes, C1 found.
Zhejiang Glass Co Ltd, located in East China's Zhejiang Province, is a large-sized private enterprise mainly engaged in glass production.
