Carbo One Ltd has joined the World Coal Association (WCA), the global network for the coal industry, as its newest corporate member.
Carbo One is one of the world’s largest coal trading companies and is the first pure coal-trader to acquire WCA membership, highlighting greater diversity in both membership growth and appeal.
The company has annual sales of approximately 47 million t and is the largest supplier of high-quality steam and PCI coal from Russia.
Benjamin Sporton, WCA CEO, welcomed Carbo One’s membership: “we are delighted to start 2016 with a strategic growth in our membership. WCA is committed to expanding our membership along the entire coal value chain. Carbo One is a very important coal trader in Russia and globally – reaching more than 40 countries worldwide.”
The majority of high-quality, multi-origin coal supplied by Carbo One comes from Russia, with some marginal tonnages from other countries. The company delivers coal through Vostochny port and Ust-Luga, the largest Russian coal terminals in the Far East and the Baltic, respectively. It supplies coal to power plants, steel mills, cement works, households and other consumers across more than 40 countries.
Alexey Danilov, Carbo One CEO, commented: “we consider the World Coal Association as the best platform to stress the positive role of coal in the world economy and address the misconceptions about coal. I believe that the coal business community is able to improve understanding of coal as the vital source of economic growth now and in the near future.”
Benjamin Sporton concluded: “Carbo One’s decision to join the WCA strengthens our presence in Russia and ensures that WCA deepens its engagement across all aspects of the world’s coal industry. Expanding our membership in the coal trading community supports the important work we do in representing the entire industry as the only global voice of coal, particularly in these challenging times.”
Edited from press release by Harleigh Hobbs
Read the article online at: https://www.worldcoal.com/coal/03022016/carbo-one-gains-wca-membership-164/