" 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 a million mt (mt) of petcoke, five million metric tonnes of coal last year , and two million mt and a million mt respectively so far this year . William 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 last year . 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 William Koch being ordered to sell the company. Oxbow exported a million mt (mt) of petcoke, five million metric tonnes of coal last year , and two million mt and a million mt respectively so far this year . William 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 last year . A court said Koch tried to “disrupt, derail and delay an exit sale”.