NEW YORK SunCoke Energy
Inc. expects its fourth-quarter 2012 domestic coke production
to total about 1.1 million tons, up 6.6 percent from the same
year-ago period, the company said Tuesday.
Full-year coke production is
estimated to reach more than 4.3 million tons, up 15.4 percent
from a year earlier, it said.
"Our total U.S. coke-making
capacity utilization was 101 percent and 102 percent in the
fourth quarter and full-year 2012, respectively," the Lisle,
Ill.-based company said.
SunCokes facility in
Middletown, Ohio, which began production in 2011, accounted for
much for the increase.
Also on Tuesday, SunCoke
subsidiary SunCoke Energy Partners LP confirmed that it
launched an initial public offering (IPO) for 13.5 million
common share units to be listed on the New York Stock
The partnership will grant
underwriters a 30-day option to purchase up to an additional
2,025,000 common share units at the IPO price.
The common share units represent
a 43-percent limited partner interest in the partnership, or a
49-percent limited partner interest if the underwriters
exercise their option to purchase additional units in full.
The partnership will own a
60-percent stake in SunCoke Energys Haverhill and
Middletown coke production facilities, both in Ohio.
The revenue generated by the IPO
will be used to fund the expansion of SunCokes coke
production facilities in North America and overseas.