Business as usual is expected for exports of petroleum coke ( petcoke ) and coal from the Oxbow Carbon terminal in Long Beach , California despite owner David 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 one mt respectively so far this year . Koch has to sell the company and pay unspecified damages to two private equity companies after rejecting a takeover offer from ArcLight Capital Partners in 2016 . A court said Koch tried to “ disrupt , derail and delay an exit sale ” .
Business as usual is expected for exports of petroleum coke ( petcoke ) and coal from the Oxbow Carbon terminal in Long Beach , California despite owner David 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 one mt respectively so far this year . Koch has to sell the company and pay unspecified damages to two private equity companies after rejecting a takeover offer from ArcLight Capital Partners in 2016 . A court said Koch tried to “ disrupt , derail and delay an exit sale ” .