- In May 2024, S&P Global Platts proposed launching daily needle coke price assessments to provide greater market transparency and reflect real-time price movements in the global needle coke market. This move aims to enhance price discovery and offer more accurate pricing benchmarks for market participants
- In May 2023, Chevron Lummus Global and TAQAT Development Company announced a licensing and engineering agreement for a new needle coke and synthetic graphite complex in Rabigh, Saudi Arabia. This 75,000-ton-per-annum facility will utilize Chevron Lummus' two-step coking process to convert feedstock into high-quality needle coke and synthetic graphite, contributing to more sustainable resource utilization by repurposing lower-value materials. The complex will help meet the growing demand for advanced carbon products like needle coke, essential in industries such as steel manufacturing and battery production
