Business as usual is expected for exports of petroleum coke (petcoke) and coal from the Oxbow Carbon terminal in Long Beach, California despite owner William Koch being ordered to sell the company. Oxbow exported five million metric tonnes (mt) of petcoke, a million mt of coal last year, and two million mt and 517,000 mt respectively so far this year. " Koch has to sell the company and pay unspecified damages to two private equity companies after rejecting a buyout offer from ArcLight Capital Partners in 2016. The sale price was not disclosed.
Business as usual is expected for exports of petroleum coke (petcoke) and coal from the Oxbow Carbon terminal in Long Beach, California despite owner William Koch being ordered to sell the company. Oxbow exported five million metric tonnes (mt) of petcoke, a million mt of coal last year, and two million mt and 517,000 mt respectively so far this year. Koch has to sell the company and pay unspecified damages to two private equity companies after rejecting a buyout offer from ArcLight Capital Partners in 2016. The sale price was not disclosed.